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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Flex space
714 State St Little Rock, AR 72201
Individually Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0732735
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Total area
14,648 SF
Lot
0.73 ac (31,799 SF)
APN
34L-020-12-022-00
UPID
US05-0732735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$760k
Blend (final)
Blend
$785k
Owner & transaction history
Arkansas Repertory Theatre · 18 yrs held
Arkansas Repertory Theatre
since 2007
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Rock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
Blend value · Realmo final
$785k
Range $707k – $864k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$54 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$10,284
Tax year 2024
Assessed value
$146,909
Assessed 2024
Previous assessed
$146,909
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$50,877
Assessed improvement
$96,032
Land market value
$254,385
Improvement market value
$480,160
Total market value
$734,545
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
NONE
Stories
1
Total area
14,648 SF
Lot
0.73 ac (31,799 SF)
APN
34L-020-12-022-00
UPID
US05-0732735
Jurisdiction
PULASKI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Arkansas Repertory Theatre
Individual
Mailing address
601 MAIN ST, LITTLE ROCK, AR 72201-4201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Ld Acquisition Company 19 LLC
—
Deed
related
$210,000 · Wilmington Trust NA
Feb 11, 2020
—
Ed Acquisition Company 19 LLC
—
Deed
related
$200,000,000 · Whitney Bank
Nov 6, 2019
—
Arkansas Repertory Theater
—
Deed
related
$540,000 · Encore Bk
Jan 25, 2018
—
Arkansas Repertory Theatre
—
Deed
related
$595,950 · Bank Of Ozark
Dec 4, 2007
$400,000
Arkansas Repertory Theatre
Center Theatre LLC
Warranty Deed
$1,500,000 · Bank Of The Ozarks
Apr 21, 2006
$325,000
Center Theatre LLC
Doug Brandon Properties INC
Warranty Deed
—
—
—
Arkansas Repertory Theater
—
Deed Of Trust
related
$540,000 · Encore Bk
—
—
Arkansas Repertory Theatre
—
Deed Of Trust
related
$595,950 · Bank Of Ozark
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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