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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Grocery and convenience stores
10623 Hwy 89th S Lonoke, AR 72086-8333
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US05-0307696
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1979
Total area
5,056 SF
Lot
1.13 ac (49,223 SF)
APN
001-07516-001
UPID
US05-0307696
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Lysh & Niqa Properties LLC · 3 yrs held
Lysh & Niqa Properties LLC
since 2022
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$595,000
+237.8%
Office building
$555,000
+214.7%
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 Lonoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lonoke 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
$975,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$870,000
Alternative Use
Use
Estimation
RESTAURANT
$595,000
Change: +238% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: +215% · Conversion: Moderate
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $900k (Jul 20 2022)
Last sale anchor
$900k
Jul 20 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
$180 / 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
$2,045
Tax year 2023
Assessed value
$33,780
Assessed 2024
Previous assessed
$33,780
+0.0% YoY
Effective rate
6.05%
On assessed value
Assessed land
$2,260
Assessed improvement
$31,520
Land market value
$11,300
Improvement market value
$157,600
Total market value
$168,900
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
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,056 SF
Lot
1.13 ac (49,223 SF)
APN
001-07516-001
UPID
US05-0307696
Jurisdiction
LONOKE
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
RESTAURANT
Est. value
$595,000
OFFICE BUILDING
Est. value
$555,000
RESTAURANT
OFFICE BUILDING
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Lysh & Niqa Properties LLC
Entity
Mailing address
10623 HWY 89TH S, LONOKE, AR 72086-8333
Mailing matches property
Yes
Owner-occupied
Yes
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2022
—
Lysh & Niqa Properties LLC
Hemani Properties LLC
Quit Claim Deed
related
$786,250 · The Farmers And Merchants Bank
Nov 18, 2021
—
Hemani Properties LLC
—
Deed
related
$600,000 · The Farmers And Merchants Bank
Jun 12, 2020
—
Hemani Properties LLC
—
Deed
related
—
Apr 20, 2017
$900,000
Hemani Properties LLC
Broadway Furlow INC
Special Warranty Deed
$765,000 · First Community Bank
Jan 4, 2012
—
Joe A Bailey
Bailey,donna M
Quit Claim Deed
related
—
Dec 7, 2011
$625,000
Broadway Furlow INC
Bailey,joe A
Warranty Deed
$500,000 · First Security Bank
Mar 11, 2008
—
Joe A Bailey
Bailey,donna M
Quit Claim Deed
related
—
Nov 10, 1992
$3,000
Joe Bailey
Owner Name Unavailable
Grant Deed
related
—
—
—
Hemani Properties LLC
—
Loan Modification
related
—
—
—
Joe A Bailey
—
Deed Of Trust
related
$418,176 · First Security Bank
—
—
Joe A Bailey
—
Deed Of Trust
related
$45,383 · First Security Bank
—
—
Joe A Bailey
—
Deed Of Trust
related
$356,154 · First Security Bank
—
—
Joe Bailey
—
Deed Of Trust
related
$311,457 · First Security Bank
—
—
Joe Bailey
—
Deed Of Trust
related
$260,000 · First Security Bank
—
—
Joe A Bailey
—
Deed Of Trust
related
$450,000 · Bank Of The Ozarks
—
—
Joe A Bailey
—
Deed Of Trust
related
$50,243 · First Security Bank
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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