Property profile

1150 Museum Rd Conway, AR 72032

FOR LEASE
Strip malls
Property ID
US05-0151277
24,692 SF 1.87 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This single-story, 24,692 square foot office building, constructed in 1996, is situated on a 1.87-acre lot in Conway, Arkansas. The property is zoned C-3 and features a total of 125 parking spaces. Currently, there is 6,300 square feet of vacant space available for lease, with two spaces totaling 2,100 square feet immediately available. The building boasts a convenient location on the new Museum Road extension, providing easy access to Highways 64 and 65. Its proximity to the Conway Commons shopping plaza, which includes major retailers such as Best Buy, Target, Home Depot, Belk, and Kohl's, ensures high visibility and foot traffic. The property is also conveniently located near several schools and adjacent to the new Conway Soccer Complex. One available suite (Suite 101) includes three large offices, a large conference room, and a storage area with two 12-foot roll-up doors. This property presents a compelling opportunity for businesses seeking a well-located, spacious office building in a thriving Arkansas community. The building has no elevators.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Total area 24,692 SF
Lot 1.87 ac (81,457 SF)
APN 710-07788-002C
UPID US05-0151277

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Military Recruiting Office
  • Church
  • Adult Day Care
  • Military Recruiting Office

Location

1150 Museum Rd Conway, AR 72032
Conway metro Census 30403 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.90M

Owner & transaction history

since 2023
Last sale
$2.1M
7 recorded transactions
2024
Price N/A
2023
$2.1M
2021
$1.7M
2020
Price N/A
2017
Price N/A
2010
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $2.2M +155.8%
Office building $2.1M +143.2%
Retail stores $1.9M +118.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message