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    1610 Old Morrilton Hwy Conway, AR 72032-3514
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    Property profile & analytics

    1610 Old Morrilton Hwy Conway, AR 72032-3514

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    • Office buildings
    • 1,350 SF
    • 0.92 lot acres
    For Lease
    $545,000
    View Listing →
    Conway Land with I-40 Visibility For Lease
    $545,000

    Conway Land with I-40 Visibility

    Commercial land with high visibility and easy access.

    1610 Old Morrilton Hwy, Conway, AR
    View Listing
    Property ID
    US05-0225151
    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.
    Value Estimations
    $545,000
    Cap Rate Potential
    3.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 1610 Old Morrilton Hwy

    Year built
    1954
    Lot size
    0.92 lot acres
    Property size
    1,350 SF
    Property type
    Office buildings
    APN
    710-08845-000C
    APU
    71008845000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4455
    Latitude
    35.1124
    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
    $4,245
    $80,150
    $3,750
    $83,900
    -
    $400,750
    $18,750
    $419,500

    Comparable in this City

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    • Value Estimation by Request
      651 SF

      1125 Hwy 365th S

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      4,836 SF

      1116 Gum St

      OFFICE BUILDING • 4,836 SF
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    • Value Estimation by Request
      1,271 SF

      2133 Washington Ave

      OFFICE BUILDING • 1,271 SF
      2133 Washington Ave, Conway, AR 72032-2739
      View Details
    • Value Estimation
      $2,890,000
      29,966 SF

      150 Amity Rd

      OFFICE BUILDING • 29,966 SF
      150 Amity Rd, Conway, AR 72032-8972
      View Details
    • Value Estimation by Request
      1,600 SF

      808 Crk Dr

      OFFICE BUILDING • 1,600 SF
      808 Crk Dr, Conway, AR 72032-4711
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,491 SF

      High-Visibility Corner Lot Building

      Modern 3,941 SF building on 1.35 acres for sale.
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      View Details
    • $595,000

      Historic Downtown Conway Office Building

      Office building and apartment complex in historic downtown Conway.
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      Commercial Land with Road Frontage

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      Conway Industrial Investment Opportunity

      Prime 8,250 SF industrial building on 4.88 acres.
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    • $40,500

      Land Available in Faulkner County

      Land tract available on Friendship Road, Faulkner County, Arkansas.
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      View Details

    Similar Nearby for Lease

    • $5,866 /Mo

      Conway Office/Warehouse with Storage

      Versatile commercial space near Highway 64 with ample parking.
      1290 Dons Ln, Conway, AR 72032
      View Details
    • Contact for pricing
      9,300 SF

      Downtown Conway Office Space

      Office space in the heart of downtown Conway.
      1023 Main St, Conway, AR 72032
      View Details
    • Contact for pricing
      4,295 SF

      Conway Office Space Available

      Office space available for lease in Conway, Arkansas.
      895 Oak St, Conway, AR 72032
      View Details
    • Contact for pricing
      1,000 SF

      Downtown Office Space Available

      Office space in a good downtown area for rent.
      1014 Main St, Conway, AR 72032
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    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      719 Front St, Conway, AR 72032
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    • Contact for pricing

      Downtown Conway Office Space

      Office space available for rent in downtown Conway.
      1014 Main St, Conway, AR 72032
      View Details
    View Listing
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    Conway, AR 72032-3514
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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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