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Property profile & analytics
FOR SALE
Flex space

1150 Dave Ward Dr Conway, AR 72032

59,950 SF 17.53 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US05-1765496
Property summary
AI-generated overview

This exceptional 12.71-acre commercial and industrial land parcel presents a remarkable development opportunity in Conway, Arkansas. Located at the highly visible, signalized intersection of Dave Ward Drive and South German Lane, this property boasts plentiful frontage and excellent visibility. Dave Ward Drive sees over 33,000 vehicles daily, while South German Lane experiences over 7,300, ensuring significant traffic exposure. The level topography and hard corner access simplify development. The site benefits from its strategic location within an Opportunity Zone, offering potential tax advantages. Surrounding the property are numerous national and regional retailers, including McDonald's, Krispy Kreme, and Starbucks, creating a strong retail synergy. Its proximity to the University of Central Arkansas (less than 1.2 miles, over 12,000 students) and Hendrix College (less than 3 miles) provides a substantial student population base. Furthermore, the property's location one mile west of I-40 (over 100,000 vehicles per day) offers easy access to major transportation routes. The property is zoned C-3 & I-3, allowing for a variety of development options. Conway's consistent economic growth and population increase make this a compelling investment opportunity in a thriving market. The area has seen significant development in the past decade, indicating a strong potential for future growth and return on investment.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Total area 59,950 SF
Lot 17.53 ac (763,607 SF)
APN 710-08533-003I
UPID US05-1765496
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
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$750k
Owner & transaction history
Dave Ward Stroage LLC · 2 yrs held
Dave Ward Stroage LLC
since 2023
3 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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