Remodeled Single-Tenant Retail
For Sale
Contact for pricing
925 Oak St, Conway, AR 72032
Single-tenant retail building remodeled in 2020, offered as a 6,323 SF investment property near the University of Conway.
Property Size6,323 SF
Price / SF$157.50
Days on Market285
Property Features for 925 Oak St
General Information
Standard status
Active
Size
6,323 SF
Property subtype
RETAIL
Building Details
Year Renovated
2020
Tenancy
Single
Listing Agency:
Colliers - Hot Springs
Listed By:
Brian Gehrki
(501) 623-2200
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 12
Last Checked: Jul 22 at 6:01AM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
This 6,323 SF single-tenant retail investment property is located in Conway’s historic downtown district. The building was remodeled in 2020 for the existing tenant, supporting continued operations in its current configuration.
The property is in downtown Conway and is described as being less than five minutes to the University of Conway.
The offering is structured as a single-tenant investment, with the most recent improvements completed in 2020 for the current occupant.
The property is in downtown Conway and is described as being less than five minutes to the University of Conway.
The offering is structured as a single-tenant investment, with the most recent improvements completed in 2020 for the current occupant.
Key Highlights
- 6,323 SF single‑tenant retail investment property
- Remodeled in 2020 for the existing tenant
- Located in Conway’s historic downtown district
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
$62,342
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
6.26%
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%
$1,246,840
$1.2M
Cap Rate 7%
$890,600
$890.6K
Cap Rate 9%
$692,689
$692.7K
Market Conditions
NOI Build-Up for 6,323 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
$94.8K $15.00/SF
− Vacancy
−$5.8K −$0.92/SF
EGI
$89.1K $14.09/SF
− OpEx
−$26.7K −$4.23/SF
NOI
$62.3K $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%
$1,246,840
Cap Rate 7%
$890,600
Cap Rate 9%
$692,689
Alternative Uses
Best Use
Retail
$890.6K
$779.3K – $1.04M
NOI $62,342 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,955 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,622
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 28%
Groceries 16%
Apparel 4%
Kroger
Groceries
27,585 visits/mo
0.5 miles
Kum & Go
Shops & Services
23,052 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
14,675 visits/mo
0.5 miles
Wendy's
Dining
13,480 visits/mo
0.4 miles
Taziki's
Dining
9,759 visits/mo
0.1 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?
Retail space - Single-tenant retail building remodeled in 2020, offered as a 6,323 SF investment property near the University of Conway.
Where is this retail space located?
The property is located at 925 Oak St Conway, AR.
What is the asking price?
The asking price for this property is $995,900.
What are key features of this property?
This property features: 6,323 SF single‑tenant retail investment property; Remodeled in 2020 for the existing tenant; Located in Conway’s historic downtown district
