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Property profile & analytics
OFF-MARKET
Estimated value
$4,125,000
Strip malls
1360 Old Morrilton Hwy, Conway, AR 72032-9132
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US05-0248527
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
61,798 SF
Lot
6.58 ac (286,625 SF)
APN
710-08896-003C
UPID
US05-0248527
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
-
Surplus Warehouse Building Supply Hardware & Home Improvement
-
Home Outlet Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.13M
Owner & transaction history
Covington Sturgis Road Complex LLC · 4 yrs held
Covington Sturgis Road Complex LLC
since 2021
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+155.8%
Office building
$5.2M
+143.2%
Retail stores
$4.6M
+118.2%
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
Method
Estimation
Statistic approach
$4,015,000
ML approach
$3,995,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,430,000
Change: +156% · Conversion: Difficult
OFFICE BUILDING
$5,165,000
Change: +143% · Conversion: Moderate
RETAIL STORES
$4,630,000
Change: +118% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,695,000
Change: +74% · Conversion: Difficult
MEDICAL BUILDING
$3,095,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$4.13M
Range $3.71M – $4.54M · ±10% · vs last sale $4.25M (Sep 15 2021)
Last sale anchor
$4.25M
Sep 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
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
$43,245
Tax year 2023
Assessed value
$854,640
Assessed 2023
Previous assessed
$854,640
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$573,320
Assessed improvement
$281,320
Land market value
$2,866,600
Improvement market value
$1,406,600
Total market value
$4,273,200
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
2000
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
61,798 SF
Lot
6.58 ac (286,625 SF)
APN
710-08896-003C
UPID
US05-0248527
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.2M
RETAIL STORES
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.1M
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.58 ac
Current owner
From public records · entity-resolved
Covington Sturgis Road Complex LLC
Entity
Mailing address
1053 FRNT ST, CONWAY, AR 72032-4305
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
$4,250,000
Covington Sturgis Road Complex LLC
Wilson Co INC
Warranty Deed
$612,500 · Simmons Bank
Jan 2, 2013
—
Wilson Co
—
Trustees Deed
related
$2,000,000 · Arvest Bank
Nov 5, 2012
—
Wilson Co
English Village Jv
Grant Deed
related
$2,000,000 · Arvest Bank
Apr 1, 2010
—
Robert M Wilson
English Village Jv
Warranty Deed
related
—
Jan 25, 2005
—
English Village
—
Grant Deed
related
$1,300,000 · Twin City Bank
—
—
Wilson Co
—
Loan Modification
related
$2,000,000 · Arvest Bank
—
—
English Venture Jv & Wilson Co
—
Deed Of Trust
related
—
—
—
Wilson Co
—
Loan Modification
related
—
—
—
English Venture Jv
—
Loan Modification
related
—
—
—
Venture Jv English
—
Deed Of Trust
related
—
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.
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