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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1280 Amity Rd Conway, AR 72032

    • Community centers
    • 48,327 SF
    • 22.29 lot acres
    OFF-MARKET
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2188795
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Community centers

    Property Details for 1280 Amity Rd

    Year built
    2016
    Lot size
    22.29 lot acres
    Property size
    48,327 SF
    Property type
    Community centers
    APN
    710-08053-012
    APU
    71008053012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,660,000
      Current use
      WAREHOUSE, STORAGE
      $1,735,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4125
    Latitude
    35.0632
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $189,209
    $1,456,430
    $2,282,870
    $3,739,300
    -
    $7,282,150
    $11,414,350
    $18,696,500

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      455 Amity Rd

      MINI-MALL • 10,000 SF
      455 Amity Rd, Conway, AR 72032
      View Details
    • Value Estimation by Request
      274,596 SF

      201 Skyline Dr

      Lifestyle centers • 274,596 SF
      201 Skyline Dr, Conway, AR 72032
      View Details
    • Value Estimation
      $1,155,000
      32,638 SF

      700 Elsinger Blvd

      MINI-MALL • 32,638 SF
      700 Elsinger Blvd, Conway, AR 72032-4762
      View Details
    • Value Estimation
      $2,855,000
      108,003 SF

      601 Elsinger Blvd

      MINI-MALL • 108,003 SF
      601 Elsinger Blvd, Conway, AR 72032-4718
      View Details
    • Value Estimation
      $1,470,000
      108,364 SF

      Hwy 65th Towne Ctr Ctr

      MINI-MALL • 108,364 SF
      Hwy 65th Towne Ctr Ctr, Conway, AR 72032
      View Details
    • Value Estimation
      $1,860,000
      121,821 SF

      150 Oak St

      MINI-MALL • 121,821 SF
      150 Oak St, Conway, AR 72032-4681
      View Details

    Similar Nearby for Sale

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      1.77 acres of commercial land in high-traffic area.
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    • $725,000
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      Conway Land with Commercial Potential

      4.3+/- acre tract with existing home, ready for commercial use.
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      Conway Retail Space - High Visibility

      6,652 SF Retail Space in Prime Location
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      7,040 SF

      Highway Accessible Commercial Buildings

      Two buildings totaling 7,040 SF near Highway 64 in Conway.
      1290 Dons Ln, Conway, AR 72032
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    • $1,850,000
      10,140 SF

      Versatile Property in Conway, AR

      Adaptable property suitable for retail, office, industrial, or flex space.
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      2,100 SF

      Commercial Building on Highway 65

      2,100 SF commercial building on 0.98 acre corner lot.
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    Similar Nearby for Lease

    • Contact for pricing
      274,596 SF

      Conway Towne Centre Retail Space

      Prime Conway retail, multiple suites available.
      201 Skyline Dr, Conway, AR 72032
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      274,596 SF

      Conway Towne Center Retail Space

      Arkansas Retail Center - Spaces Available
      201 Skyline Dr, Conway, AR 72032
      View Details
    • $16 SF/Yr
      19,000 SF

      Conway Retail Center - Prime Location

      High-traffic shopping center with 9,000 SF available.
      2100 Meadowlake Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      49,654 SF

      Conway Commons Power Center

      High-traffic retail space available in Conway, AR
      501 Elsinger Blvd, Conway, AR 72032
      View Details
    • Contact for pricing
      16,800 SF

      Leased Shopping Center in Conway

      Well-located shopping center with strong national tenant mix.
      1120 S Amity Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      441,871 SF

      Retail Space in Power Center

      Retail space for lease in Conway, Arkansas power center.
      E Dave Ward Dr, Conway, AR 72032
      View Details
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    1280 Amity Rd
    Conway, AR 72032
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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