Commercial Auto
For Sale
$2,300,000
1570 E Oak, Conway, AR 72032
Commercially zoned property with an existing tenant and proximity to Conway Commons, shopping, and restaurants.
Property Size10,394 SF
Price / SF$221.28
Days on Market60
Property Features for 1570 E Oak
General Information
Standard status
Active
Size
10,394 SF
Zoning
commercial
Building Details
Year Built
1998
Listing Agency:
Arkansas Real Estate Collective, Conway Branch
Listed By:
Stefanie Schrekenhofer
(501) 428-3120
Source:
Pcsingtolittlerock
Added: Aug 18
Changed: Oct 11
Last Checked: Oct 15 at 2:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arkansas Real Estate Collective, Conway Branch
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial auto shop includes both a building and land and is zoned for commercial use. An existing tenant is in place, providing current occupancy within the property’s established configuration. The building was constructed in 1998.
The property is located at 1570 E Oak in Conway, Arkansas, near Conway Commons, shopping, and restaurants. Its combination of an existing commercial building, underlying land, and commercial zoning supports continued automotive use subject to applicable approvals.
The property is located at 1570 E Oak in Conway, Arkansas, near Conway Commons, shopping, and restaurants. Its combination of an existing commercial building, underlying land, and commercial zoning supports continued automotive use subject to applicable approvals.
Key Highlights
- Commercially zoned building and land
- Existing tenant in place
- 1998 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,480
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
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
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 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
Industrial
$652.7K
$571.1K – $761.5K
NOI $45,691 @ 7.0% cap · market cap 1.99%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
127k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 31%
Shops & Services 26%
Beauty & Spa 3%
Old Navy
Apparel
27,774 visits/mo
0.5 miles
SONIC Drive In
Dining
21,435 visits/mo
0.2 miles
Arby's
Dining
12,812 visits/mo
0.5 miles
Dollar General
Shops & Services
9,804 visits/mo
0.1 miles
Exxon
Shops & Services
8,082 visits/mo
0.0 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Linn's Auto Glass — Conway, AR 72032
- George's Automotive — 645 Simon St, Conway, AR 72032
- Simon Street Auto Services — 655 Simon St, Conway, AR 72032
- Halter's Body Shop — 702 Museum Rd, Conway, AR 72032
- Garage Cabinets & More Inc — 20 MacArthur Dr, Conway, AR 72032, United States
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned property with an existing tenant and proximity to Conway Commons, shopping, and restaurants.
Where is this auto shop 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: Commercially zoned building and land; Existing tenant in place; 1998 construction
