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    Conway Industrial Asset For Sale Title is generated by Realmo AI

    980 Runway Drive, Conway, AR 72032

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    Claim this Listing
    For Sale
    $1,600,000

    Building and Land - Conway, AR

    Property size:
    12,794 SF
    Lot size:
    1.21 Acres
    Price / SF:
    $125/SF
    Added:
    Nov 17, 2025
    Days on Market:
    179
    Last Refresh:
    May 15 at 8:06 pm

    Property Features for 980 Runway Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    12,794 SF
    Lot size
    1.21 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6272

    Building Details

    Year built
    2008
    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 Nov 17, 2025

    MLS# 26012225 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

    • Strategic location along Interstate 40 corridor providing seamless regional access.
    • Flexible industrial space (±12,794 SF) suitable for distribution, light manufacturing, or service operations.
    • Zoned I‑3 Intensive Industrial, allowing for a wide range of uses.
    • Efficient open‑span warehouse ideal for racking, equipment, or production workflows.
    • State‑of‑the‑art Avigilon security system with full facility coverage.
    • Features 11 offices, conference room, training center, and five bathrooms.

    Overview

    This flexible industrial asset, totaling 12,794 square feet, is suitable for distribution, light manufacturing, or service operations. The property includes 11 offices, a conference room, a training center, and five bathrooms, including two office suites and two with showers. The efficient open-span warehouse is suited for racking, equipment, or production workflows. A state-of-the-art Avigilon security system with full facility coverage represents an investment of over $25,000. Situated along the Interstate 40 corridor, the 1.21-acre site provides regional access and is zoned I-3 Intensive Industrial, accommodating a range of uses. The property is surrounded by established industrial users and benefits from Conway’s market fundamentals, including a 2.2% vacancy rate and 4.3% annual rent growth. Comparable data supports a $10.00/SF NNN rental rate. The location near the Conway Community Center and other amenities enhances employee convenience. The property is located in Conway, Arkansas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Storage Facility Discount Store Electrical Service Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.417139
    Latitude
    35.079154

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    FAQs

    What type of property is this?
    Flex space - Flexible industrial asset suitable for distribution, manufacturing, or service operations.
    Where is this flex space located?
    The property is located at 980 Runway Drive Conway, AR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: Strategic location along Interstate 40 corridor providing seamless regional access.; Flexible industrial space (±12,794 SF) suitable for distribution, light manufacturing, or service operations.; Zoned I‑3 Intensive Industrial, allowing for a wide range of uses.
    (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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