1150 Museum Rd Conway, AR 72032
- Strip malls
- 24,692 SF
- 1.87 lot acres
Current Use by Public Records
- WoodmenLife / Life Insurance Agency
- US Navy Enlisted Recruiting / Military Recruiting Office
- Covenant Life Church / Church
- Christian Care At Conway / Adult Day Care Center
- US Marine Corps Recruiting / Military Recruiting Office
Property Details for 1150 Museum Rd
- Lot size
- 1.87 lot acres
- Property size
- 24,692 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 710-07788-002C
- APU
- 71007788002C
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,010,000
- 6.5%
- $2,285,000
- 7%
- $2,020,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,180,000
- Geo Method
- $1,890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,145,000
- Retail
- $1,945,000
- Mixed-Use
- $1,810,000
- Hospitality
- $2,235,000
- Educational
- $2,005,000
- Residential Income
- $1,965,000
- Energy
- $2,060,000
- Income-Based Land
- $1,765,000
- Food Service
- $2,280,000
Location Insight
- Map
- Local Demand
- City
- Conway
- County
- Faulkner
- State
- Arkansas
- Longitude
- -92.4182
- Latitude
- 35.0943
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
