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    Retail/Office Building on Collier Drive Title is generated by Realmo AI

    1180 Collier Drive, Conway, AR 72032

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    Claim this Listing
    For Sale
    $1,475,000

    Building and Land - Conway, AR

    Property size:
    6,342 SF
    Lot size:
    1.07 Acres
    Price / SF:
    $232/SF
    Added:
    Mar 9, 2026
    Days on Market:
    68
    Last Refresh:
    May 15 at 8:06 pm

    Property Features for 1180 Collier Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-3
    Parking
    12
    Standard status
    Active
    Size
    6,342 SF
    Lot size
    1.07 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7251

    Building Details

    Year built
    1996
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Clint Bailey
    Clint Bailey

    Listing agent Clint Bailey

    Listing office Moses Tucker Partners 200 River Market Ave Ste 300, Little Rock, AR

    Listing date Mar 9, 2026

    MLS# 26012200 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exceptional visibility with ±304 feet of unobstructed frontage on Collier Drive and Interstate 40.
    • Recent capital improvements, including new HVAC systems and a fully renovated office completed in 2024.
    • Located in a high‑traffic commercial corridor near Conway Commons and numerous auto dealerships.
    • Flexible commercial asset suitable for retail, showroom, office, or service users.
    • Situated on ±1.07 acres.
    • Located in one of Arkansas’ fastest‑growing markets with strong population growth and interstate accessibility.

    Overview

    This highly visible building offers approximately 6,342 square feet of retail or office space on a 1.07-acre lot. The property is situated in one of Conway’s most active commercial corridors, featuring approximately 304 feet of unobstructed frontage along Collier Drive and Interstate 40, providing exceptional daily exposure. Recent capital improvements include new HVAC systems and a fully renovated office completed in 2024, delivering a modern, turnkey environment. The property is zoned C-3. Strategically positioned near Conway Commons, a dense QSR corridor, and numerous auto dealerships, and flanked by MOIX RV, the site benefits from strong surrounding retail synergy. This flexible commercial asset is well-suited for retail, showroom, office, or service users seeking premier visibility along a primary commercial route in one of Arkansas’ fastest-growing markets, supported by continued population growth and interstate accessibility.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $883.7K
    NOI $79,535 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.14M
    NOI $79,535 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.59M
    NOI $79,535 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $118.0k $18.60
    − Vacancy −$11.9k −$1.88
    EGI $106.0k $16.72
    − OpEx −$26.5k −$4.18
    NOI $79.5k $12.54
    6,342 SF · lease $18.60/SF/yr · vacancy 10.10% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.14M
    $994.2K – $1.33M (±1% cap)
    NOI $79,535 @ 7.0% cap · market cap 5.39%
    Second Best
    Retail
    $893.3K
    $781.6K – $1.04M (±1% cap)
    NOI $62,529 @ 7.0% cap · market cap 4.24%
    Theoretical Best
    Office A
    $1.45M
    $1.27M – $1.69M (±1% cap)
    NOI $101,258 @ 7.0% cap · market cap 6.86%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cyberback Internet Medical Clinic DMI Construction Company TCW | Arkansas' Fastest ... Telecommunications Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • imboden carpet — 1099 Clayton St, Conway, AR 72032
    • Prestige Home & Flooring — 1222 Sutton St, Conway, AR 72032

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.42507
    Latitude
    35.095329

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    FAQs

    What type of property is this?
    Showroom - Highly visible building on 1.07 acres in active commercial corridor.
    Where is this showroom located?
    The property is located at 1180 Collier Drive Conway, AR.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Exceptional visibility with ±304 feet of unobstructed frontage on Collier Drive and Interstate 40.; Recent capital improvements, including new HVAC systems and a fully renovated office completed in 2024.; Located in a high‑traffic commercial corridor near Conway Commons and numerous auto dealerships.
    (501) 358-8280
    We can help!
    Listing Contact
    Clint Bailey
    Clint Bailey
    Real Estate License ID: SA00073895
    Learn More
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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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