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Property profile & analytics
OFF-MARKET
Strip malls
1120 Hogan Ln, Conway, AR 72034-8119
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US05-2396280
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
16,290 SF
Lot
1.16 ac (50,399 SF)
APN
712-11915-009
UPID
US05-2396280
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
-
Kali Wheeler Realtor with ERA Team Real Estate Real Estate Agency
-
Fountains Pots Plants & More (Bike/Boat/Book/etc) Store
-
Vafa N. Ferdowsian, DPM Physician
-
Foot And Ankle Specialty Clinic Medical Clinic
-
McDowell Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Crafton,harold H Trust · 7 yrs held
Crafton,harold H Trust
since 2018
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,010
Tax year 2023
Assessed value
$237,360
Assessed 2023
Previous assessed
$237,360
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$30,240
Assessed improvement
$207,120
Land market value
$151,200
Improvement market value
$1,035,600
Total market value
$1,186,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
NONE
Stories
1
Total area
16,290 SF
Lot
1.16 ac (50,399 SF)
APN
712-11915-009
UPID
US05-2396280
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
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Crafton,harold H Trust
Trust
Mailing address
PO BOX 10607, CONWAY, AR 72034-0010
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2023
—
Ferdowsian Properties LLC
—
Deed
related
$401,500 · Signature Bank Of Arkansas
Jul 13, 2022
—
Ferdowsian Properties LLC
—
Deed
related
$250,000 · First Community Bank
Aug 21, 2020
—
Ferdowsian Properties LLC
—
Deed
related
$1,154,000 · Regions Bank
Aug 21, 2018
$396,000
Crafton,harold H Trust
Harding-crafton Invs Prop LLC
Grant Deed
related
$1,980,800 · Armor Bk
Aug 17, 2018
$1,250,000
Ferdowsian Properties LLC
Harding Crafton Investment Properti
Warranty Deed
$1,250,000 · Simmons Bank
Jul 13, 2004
$435,000
Glenwood Plaza LLC
Harding-crafton Inv Props LLC
Grant Deed
$437,000 · First Security Bank Of Conway
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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