Leased Retail Strip
985 Carson Cv Conway, AR 72034
985 Carson Cv, Conway, AR, 72034
$1,200,000
For Sale
$1,200,000
For sale retail strip center with three operating leases at 985 Carson Cv, Conway, AR.
Property Size6,480 SF
Price / SF$185.19
Days on Market44
Property Features for 985 Carson Cv
General Information
- Standard status
- Active
- Size
- 6,480 SF
Listing agency
Moore and Company Realtors - Conway
(501) 428-4494
Listed by
Mike Argo
(501) 428-4494
Source
Exprealty
Added: Jun 9 Updated: Jul 22 at 4:29AM Checked: Jul 22 at 4:29AM
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 Moore and Company Realtors - Conway
Investment Insights
Based on property information with market context.
985 Carson Cv is a retail strip center offered for sale in Conway, AR. The property is sized at approximately 6,480 square feet and currently has three operating leases.
The offering is positioned as an income-producing retail asset based on the existing leased occupancy. Additional details regarding unit mix, frontage, and tenant arrangements are not provided in the available information.
Interested parties are encouraged to request further lease and configuration details to evaluate the current structure and future leasing or occupancy considerations.
The offering is positioned as an income-producing retail asset based on the existing leased occupancy. Additional details regarding unit mix, frontage, and tenant arrangements are not provided in the available information.
Interested parties are encouraged to request further lease and configuration details to evaluate the current structure and future leasing or occupancy considerations.
Key Highlights
- For sale retail strip center at 985 Carson Cv in Conway, AR
- Property currently has 3 operating leases
- Retail strip center featuring three operating leases for ongoing tenancy
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $15.00 |
| − Vacancy | −$5.9k | −$0.92 |
| EGI | $91.3k | $14.09 |
| − OpEx | −$27.4k | −$4.23 |
| NOI | $63.9k | $9.86 |
6,480 SF · lease $15.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$912.7K
$798.6K – $1.06M
NOI $63,890 @ 7.0% cap · market cap 5.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,461 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shimmery Donut
Bakery
Conner & Sartain PA
Accounting Firm
Superior Senior Services
Home Health Care Service
Boba Love Cafe ...
Restaurant
Austin Lauren CPA
Accounting Firm
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FAQs
What type of property is this?
Strip mall - For sale retail strip center with three operating leases at 985 Carson Cv, Conway, AR.
Where is this strip mall located?
The property is located at 985 Carson Cv Conway, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: For sale retail strip center at 985 Carson Cv in Conway, AR; Property currently has 3 operating leases; Retail strip center featuring three operating leases for ongoing tenancy
