Commercial Retail Site with
For Sale
$2,300,000
1570 E Oak, Conway, AR 72032
COMMERCIAL - Conway, AR
Property Size10,394 SF
Lot Size8.16 Acres
Price / SF$221.28
Days on Market41
Property Features for 1570 E Oak
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
Drive East on Hwy 64, E Oak Street, building and land to your left
Subdivision
CONWAY NORTHEAST
Standard status
Active
Size
10,394 SF
Lot size
8.16 Acres
Taxes and HOA fees
Tax Description
see deed
Tax Annual Amount
11205
Legal Description
see deed
Building Details
Year built
1998
Floors in Building
1
Listing Agency:
Arkansas Real Estate Collective, Conway Branch
(501) 499-2097
Listed By:
Stefanie Schrekenhofer
(501) 428-3120
Added: Jul 11
Changed: Aug 4
Last Checked: Aug 20 at 4:06AM
MLS# 26028069
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.
Investment Insights
Based on property information with market context.
Located at 1570 E Oak in Conway, this property includes both a building and commercial-zoned land. The listing notes that a tenant is currently in place.
The property is described as being in a high-traffic area with significant visibility, and it is positioned close to Conway Commons along with surrounding shopping and restaurant options.
With commercial zoning covering both the existing building and the land, the site offers flexibility for future development or redevelopment plans consistent with the stated commercial land use.
The property is described as being in a high-traffic area with significant visibility, and it is positioned close to Conway Commons along with surrounding shopping and restaurant options.
With commercial zoning covering both the existing building and the land, the site offers flexibility for future development or redevelopment plans consistent with the stated commercial land use.
Key Highlights
- Commercial building and land zoned commercial
- Year built: 1998
- Tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,480
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,049,600
$2.0M
Cap Rate 7%
$1,464,000
$1.5M
Cap Rate 9%
$1,138,667
$1.1M
Market Conditions
NOI Build-Up for 10,394 SF
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.
Gross rent
$155.9K $15.00/SF
− Vacancy
−$9.5K −$0.92/SF
EGI
$146.4K $14.09/SF
− OpEx
−$43.9K −$4.23/SF
NOI
$102.5K $9.86/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,049,600
Cap Rate 7%
$1,464,000
Cap Rate 9%
$1,138,667
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.71M
NOI $102,480 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,953 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
371k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 23%
Shops & Services 22%
Electronics 10%
Chick-fil-A
Dining
59,597 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
43,230 visits/mo
0.4 miles
PetSmart
Shops & Services
40,079 visits/mo
0.4 miles
Best Buy
Electronics
31,910 visits/mo
0.5 miles
Chili's Grill & Bar
Dining
28,535 visits/mo
0.4 miles
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Building and land are zoned commercial with a tenant in place.
Where is this storefront property located?
The property is located at 1570 E Oak Conway, AR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Commercial building and land zoned commercial; Year built: 1998; Tenant in place
