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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Office buildings
8830 Landers Rd North Little Rock, AR 72117-1508
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-2389235
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
14,000 SF
Lot
3.3 ac (143,748 SF)
APN
23S-001-05-001-00
UPID
US05-2389235
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
Current use
Occupant on record · Public records
-
Clear Creek Golf Car & Utility Vehicles - Little Rock Golf Cart Dealer
-
Mayflower Rv/Auto Car Dealership
-
Kiko's Kountry RV Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.62M
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.60M
Owner & transaction history
2340 Hudson Road LLC · 4 yrs held
2340 Hudson Road LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.4M
+128.4%
Retail stores
$1.4M
+31.0%
Commercial (general)
$1.3M
+18.9%
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 North Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,675,000
ML approach
$1,615,000
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,060,000
Current use
MEDICAL BUILDING
$2,415,000
Change: +128% · Conversion: Easy
RETAIL STORES
$1,385,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,255,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,230,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,105,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±10% · vs last sale $1.57M (Dec 17 2021)
Last sale anchor
$1.57M
Dec 17 2021
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
$114 / 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
$15,900
Tax year 2024
Assessed value
$305,185
Assessed 2024
Previous assessed
$305,185
+0.0% YoY
Effective rate
5.21%
On assessed value
Assessed land
$114,998
Assessed improvement
$190,187
Land market value
$574,990
Improvement market value
$950,935
Total market value
$1,525,925
Applied tax rate
10.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
NONE
Stories
1
Total area
14,000 SF
Lot
3.3 ac (143,748 SF)
APN
23S-001-05-001-00
UPID
US05-2389235
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
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
2340 Hudson Road LLC
Entity
Mailing address
444 N BELCREST AVE, SPRINGFIELD, MO 65802-2503
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
$1,565,000
2340 Hudson Road LLC
Sherwood Tractor Properties LLC
Warranty Deed
$2,061,425 · Bancorpsouth Bank
Jan 13, 2011
—
Sherwood Tractor Property LLC
Montgomery,danny & Donna
Quit Claim Deed
related
—
Apr 27, 2010
—
Danny Montgomery
—
Trustees Deed
related
$400,000 · First Security Bank
Apr 20, 2009
—
Danny Montgomery
—
Trustees Deed
related
$400,000 · First Security Bank
Oct 14, 2008
—
Danny Montgomery
—
Trustees Deed
related
$400,000 · First Security Bank
Nov 27, 2007
—
Danny Montgomery
—
Trustees Deed
related
$400,000 · First Security Bank
Sep 10, 2007
$1,200,000
Danny Montgomery
Fiser James D & M Y Trust
Grant Deed
$1,200,000 · First Security Bank
Jun 23, 2006
—
Fiser James D & Masami Y Trust
River City Equipment INC
Grant Deed
related
—
May 16, 2005
$1,200,000
Fiser James D Trust
River City Equipment INC
Trustees Deed
$1,200,000 · Union Bank Benton
—
—
Danny Montgomery
—
Deed Of Trust
related
$1,200,000 · First Security Bank
—
—
Danny Montgomery
—
Deed Of Trust
related
$400,000 · First Security Bank
—
—
Danny R Montgomery
—
Loan Modification
related
$744,796 · Twin Lakes Cmnty Bk
—
—
Sherwood Tractor Property LLC
—
Loan Modification
related
—
—
—
Danny Montgomery
—
Deed Of Trust
related
$400,000 · First Security Bank
—
—
Danny Montgomery
—
Deed Of Trust
related
$400,000 · First Security Bank
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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