Corner Storefront
For Sale
$900,000
770 Factory Street, Conway, AR 72032
Corner placement offers extensive street exposure near downtown businesses, employers, and services.
Property Size4,264 SF
Price / SF$211.07
Days on Market33
Property Features for 770 Factory Street
General Information
Standard status
Active
Size
4,264 SF
Property subtype
Building and Land
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$5,307
Building Details
Building Size
4,264 SF
Year Built
2015
Listing Agency:
Moses Tucker Partners
Listed By:
Clint Bailey · License #SA00073895
(501) 358-8280
Source:
Dillrealestate
Added: Sep 29
Changed: Oct 27
Last Checked: Oct 30 at 2:53AM
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 Moses Tucker Partners
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Investment Insights
Based on property information with market context.
Built in 2015, this storefront property occupies a corner at Factory Street and Polk Street in Conway. The site has approximately 232 feet of combined frontage along the two streets.
Oak Street, carrying approximately 32,000 vehicles per day, is one block away. The property is directly behind Arvest Bank and near CVS, Taziki's, Walgreens, and Kroger, with downtown restaurants, retailers, employers, and services nearby.
Oak Street, carrying approximately 32,000 vehicles per day, is one block away. The property is directly behind Arvest Bank and near CVS, Taziki's, Walgreens, and Kroger, with downtown restaurants, retailers, employers, and services nearby.
Key Highlights
- Approximately 232 feet of combined frontage at Factory Street and Polk Street
- One block from Oak Street, which carries approximately 32,000 vehicles per day
- Built in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,041
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,820
$840.8K
Cap Rate 7%
$600,586
$600.6K
Cap Rate 9%
$467,122
$467.1K
Market Conditions
NOI Build-Up for 4,264 SF
Gross rent
$64.0K $15.00/SF
− Vacancy
−$3.9K −$0.92/SF
EGI
$60.1K $14.09/SF
− OpEx
−$18.0K −$4.23/SF
NOI
$42.0K $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%
$840,820
Cap Rate 7%
$600,586
Cap Rate 9%
$467,122
Alternative Uses
Best Use
Retail
$600.6K
$525.5K – $700.7K
NOI $42,041 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$972.6K
$851.0K – $1.13M
NOI $68,080 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,645
Businesses Nearby
327k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 43%
Groceries 8%
Superstores 3%
Hobby Lobby
Shops & Services
49,244 visits/mo
0.4 miles
McDonald's
Dining
33,532 visits/mo
0.4 miles
Kroger
Groceries
27,585 visits/mo
0.3 miles
Kum & Go
Shops & Services
23,052 visits/mo
0.0 miles
Taco Bell
Dining
14,972 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kroger Floral — Conway, AR 72032
Frequently Asked Questions
What type of property is this?
Storefront property - Corner placement offers extensive street exposure near downtown businesses, employers, and services.
Where is this storefront property located?
The property is located at 770 Factory Street Conway, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 232 feet of combined frontage at Factory Street and Polk Street; One block from Oak Street, which carries approximately 32,000 vehicles per day; Built in 2015
