Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2515 Oak St Conway, AR 72032

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-impact retail land near Conway Expo Center.

    Property Features for 2515 Oak St

    General Information

    Property type
    Land
    Lot Size
    254,826 SF

    We can help!

    Listing Contact
    Mitch Hart
    Mitch Hart

    Listing Agency: Dunaway & Hart, Inc. Listing Agent: Mitch Hart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 5.85-acre commercial land parcel, located at 2515 E. Oak Street in Conway, Arkansas (72032), presents a unique investment opportunity. Situated in Hart Plaza along Highway 64 East, this property enjoys a high-visibility location directly in front of the Conway Expo Center and Faulkner County Fairgrounds Complex, ensuring significant exposure to a large volume of traffic. The property is zoned C-3, making it ideal for a variety of commercial developments. The seller is willing to subdivide the land into smaller parcels to accommodate various development plans. This prime location offers excellent potential for high-impact retail businesses seeking a prominent presence in a thriving area. Conway Corp water is readily available on the property, and sewer lines are conveniently located nearby, simplifying infrastructure connections. It's important to note that mineral rights are not included in this sale. This 5.85-acre tract represents a rare chance to acquire a strategically positioned commercial property with substantial development potential in a rapidly growing community. Don't miss this opportunity to secure a piece of Conway's vibrant commercial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.3881495
    Latitude
    35.0906788

    Nearby Similar for Sale

    • $475,000
      3,000 SF

      Conway Building on 1.6 Acres

      Versatile building on 1.6 acres, suitable for various uses.
      221 E German Ln, Conway, AR 72032
      View Details
    • $399,900
      1,960 SF

      Commercial Building with Prime Location

      Versatile commercial building suitable for various business uses.
      2845 W Prince St, Conway, AR 72034
      View Details
    • $399,900
      1,960 SF

      Versatile Commercial Building, Prime Location

      Commercial building suitable for various business uses in a thriving area.
      2845 W Prince St, Conway, AR 72034
      View Details
    • Contact for pricing
      7,040 SF

      Highway Accessible Commercial Buildings

      Two buildings totaling 7,040 SF near Highway 64 in Conway.
      1290 Dons Ln, Conway, AR 72032
      View Details
    • Contact for pricing
      2,100 SF

      Commercial Building on Highway 65

      2,100 SF commercial building on 0.98 acre corner lot.
      1915 Walkers Trl, Conway, AR 72032
      View Details
    • $874,900
      7,040 SF

      Industrial Buildings with Climate Control

      7,040 SF industrial property suitable for manufacturing and warehousing.
      1290 Dons Ln, Conway, AR 72032
      View Details
    • $169,900
      1,050 SF

      Conway Office/Live-Work Building and Land

      Charming 1937 building in Conway, AR, zoned C-1.
      1150 Clifton St, Conway, AR 72034
      View Details
    • $230,000
      1,712 SF

      Conway Office/Retail Opportunity

      Office or retail building with living space and storage.
      1214 Clifton St, Conway, AR 72034
      View Details
    • $1,850,000
      10,140 SF

      Versatile Property in Conway, AR

      Adaptable property suitable for retail, office, industrial, or flex space.
      205 Tilk Rd, Conway, AR 72032
      View Details
    • $360,000
      2,096 SF

      Renovated Townhome Duplex in Conway

      Turn-key duplex with modern finishes, ideal for owner-occupant or investor.
      3044 Donnell Ridge Rd, Conway, AR 72034
      View Details
    • $390,000
      3,008 SF

      Renovated Townhome-Style Duplex in Conway

      Fully renovated duplex with modern finishes, ideal for owner-occupants or investors.
      3040 Donnell Ridge Rd, Conway, AR 72034
      View Details
    • $360,000
      2,176 SF

      Renovated Townhome Duplex in Conway

      Turn-key duplex with modern finishes, ideal for owner-occupants or investors.
      3020 Donnell Ridge Rd, Conway, AR 72034
      View Details

    FAQs

    What type of property is this?
    Land - High-impact retail land near Conway Expo Center.
    Where is this land located?
    The property is located at 2515 Oak St Conway, AR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 5.85-acre land parcel.; C-3 zoning.
    (501) 626-2121 Call to check price and availability
    Request Owner's contact information
    2515 Oak St Conway, AR 72032
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 Oak St
    Conway, AR 72032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2515 Oak St Conway, AR 72032
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mitch Hart
    Mitch Hart
    Real Estate License ID: PB00043809
    (501) 626-2121 (501) 327-2121
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!