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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Warehouses
1050 John Mason Dr, Conway, AR 72034-7834
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US05-0814902
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2018
Total area
21,900 SF
Lot
14.97 ac (652,093 SF)
APN
711-11915-027
UPID
US05-0814902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Logan Adams Mobile Toilet Rentals Party Supply Store Rental Equipment Company
-
Absolute Storage Storage Facility
-
CnC Boutique Clothing & Fashion Store
-
Semper Fi Movers LLC Trucking Company
-
Lovelady Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.36M
Owner & transaction history
Absolute Storage Hogan Lane LLC · 4 yrs held
Absolute Storage Hogan Lane LLC
since 2022
Last sale
$28,270
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$975,000
Current use
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $28k (Jan 3 2022)
Last sale anchor
$28k
Jan 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,134
Tax year 2023
Assessed value
$536,250
Assessed 2023
Effective rate
5.06%
On assessed value
Assessed land
$62,040
Assessed improvement
$474,210
Land market value
$310,200
Improvement market value
$2,371,050
Total market value
$2,681,250
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
21,900 SF
Lot
14.97 ac (652,093 SF)
APN
711-11915-027
UPID
US05-0814902
Jurisdiction
FAULKNER
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$975,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
14.97 ac
Current owner
From public records · entity-resolved
Absolute Storage Hogan Lane LLC
Entity
Mailing address
640 HOGAN LN, CONWAY, AR 72034-8131
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2022
—
Absolute Storage Hogan Lane LLC
All Secure Mini Storage INC
Quit Claim Deed
related
$4,260,000 · First National Bank & Trust Co
May 30, 2019
$28,270
Lovelady Construction LLC
Mcdermott-brandon Prop LLC
Warranty Deed
$24,520 · First Sec Bk
Mar 4, 2019
—
All Secure Mini Storage LLC
—
Deed
related
$1,194,959 · First Security Bank
Mar 8, 2018
—
All Secure Mini Storage LLC
—
Deed
related
$640,000 · First Security Bank
Aug 10, 2016
—
All Secure Mini Storage LLC
—
Deed
related
$1,237,165 · First Sec Bk
—
—
All Secure Mini Storage LLC
—
Loan Modification
related
$100,000 · First Security Bank Of Conway
—
—
All Secure Mini Storage LLC
—
Loan Modification
related
$1,237,165 · First Sec Bk
—
—
All Secure Mini Storage LLC
—
Deed Of Trust
related
$1,237,165 · First Security Bank
—
—
All Secure Mini Storage LLC
—
Deed Of Trust
related
$120,000 · First Security Bank
—
—
All Secure Mini Storage LLC
—
Loan Modification
related
$1,244,701 · First Sec Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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