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    Property profile & analytics

    7051 Dewafflebakers Ln North Little Rock, AR 72113-6671

    • Office buildings
    • 8,099 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    Oct 04, 2021
    $725,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence
    Property ID
    US05-0369392
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Alliance Technologies / HVAC Service / General Contractor

    Property Details for 7051 Dewafflebakers Ln

    Year built
    2008
    Lot size
    0.99 lot acres
    Property size
    8,099 SF
    Property type
    Office buildings
    APN
    43N-004-22-001-00
    APU
    43N0042200100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $775,000
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $563,000
      Market price range: $399k - $1.02M
      AI Estimate
      $451,000
      Market price range: $180k - $987k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $700,000
      Current use
      RETAIL STORES
      $800,000
      Change: +15% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $725,000
      Change: +4% Conversion: Easy
      AUTO REPAIR, GARAGE
      $715,000
      Change: +2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $640,000
      Change: -9% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3746
    Latitude
    34.8223
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,767
    $42,546
    $88,654
    $131,200
    -
    $212,730
    $443,270
    $656,000

    Comparable in this City

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      14,995 SF

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    • Value Estimation by Request
      2,000 SF

      23114 Hwy 365th N

      OFFICE BUILDING • 2,000 SF
      23114 Hwy 365th N, North Little Rock, AR 72113-9146
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    • Value Estimation
      $645,000
      7,500 SF

      11000 Burkhalter Haas Dr

      OFFICE BUILDING • 7,500 SF
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    • Value Estimation by Request
      13,882 SF

      601 Carnahan Dr

      OFFICE BUILDING • 13,882 SF
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    • Value Estimation by Request
      7,522 SF

      26 Collins Industrial Pl

      OFFICE BUILDING • 7,522 SF
      26 Collins Industrial Pl, North Little Rock, AR 72113-6555
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    • Value Estimation by Request
      2,475 SF

      90 Lk Pointe Pl

      OFFICE BUILDING • 2,475 SF
      90 Lk Pointe Pl, Maumelle, AR 72113-6364
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Office Building with Expansion Potential

      15,000 SF office building with land for expansion.
      8410 Counts Massie Rd, North Little Rock, AR 72113
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    • $662,467

      Maumelle Investment Property For Sale

      95% occupied investment property in the heart of Maumelle.
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      Office Building Near I-40

      Office building with easy access to I-40.
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    • $34,900
      0.32 Acres

      Residential Lot in Maumelle, AR

      Residential lot with approved building plans available in Maumelle.
      112 Turtle Creek Cv, Maumelle, AR 72113
      View Details
    • $49,000
      0.21 Acres

      Residential Lot with Mountain Views

      Residential lot in Maumelle, AR, with majestic mountain views.
      116 Ar Majestic Cir, Maumelle, AR 72113
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    • $33,900
      0.25 Acres

      Residential Lot in Maumelle Valley

      Quarter acre residential lot in Maumelle Valley Estate Subdivision.
      240 Summit Valley Cir, Maumelle, AR 72113
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    Similar Nearby for Lease

    • Contact for pricing

      All Brick Office Park

      12,000 SF office park with ample parking.
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      Retail/Office Building Near High School

      New retail/office building with high traffic and visibility.
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    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces available for lease.
      9800 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • $9 SF/Yr
      15,000 SF

      Office/Flex Space Available For Rent

      Office and flex space available with tenant improvement options.
      9800 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 3,056 to 5,000 square feet.
      11701 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • Contact for pricing
      6,000 SF

      Office Space Available For Rent

      Office space for rent in a two-story office/retail building.
      12005 Crystal Hill Rd, North Little Rock, AR 72113
      View Details
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    North Little Rock, AR 72113-6671
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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