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Property profile & analytics
FOR LEASE
Office buildings
1622 Donaghey Unit 2 Ave, Conway, AR 72034
Entity Owned
2-yr Hold
Free & Clear
Property ID
US05-1023262
For Lease
1 / 7
$1,250/Mo
1622 Donaghey Unit 2 Ave, Conway, AR 72034
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
5,110 SF
Lot
0.65 ac (28,314 SF)
APN
710-00754-000
UPID
US05-1023262
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
-
Century 21 Legacy Realty Real Estate Agency
-
Jeremie Dukes, Century 21 Legacy Realty Real Estate Agency
-
Christopher White - Realtor Real Estate Agency
-
Century 21 Parker & Scroggins Realty Real Estate Agency
-
Julie Ryan-Slayton Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Parscrog Commercial LLC · 2 yrs held
Parscrog Commercial LLC
since 2023
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,764
Tax year 2023
Assessed value
$54,620
Assessed 2023
Previous assessed
$54,620
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$11,330
Assessed improvement
$43,290
Land market value
$56,650
Improvement market value
$216,450
Total market value
$273,100
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Heating
NONE
Cooling
NONE
Stories
1
Total area
5,110 SF
Lot
0.65 ac (28,314 SF)
APN
710-00754-000
UPID
US05-1023262
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
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Parscrog Commercial LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2023 MILITARY RD, BENTON, AR 72015-2711
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
—
Parscrog Commercial LLC
Parscrog Realty LLC
Deed
related
—
Oct 15, 2021
$450,000
Parscrog Realty LLC
Burrbin Properties LLC
Warranty Deed
$382,500 · Farmers Bank & Trust
Sep 28, 2020
$63,300
Turtle Homes INC
Jean Mccorkle
Warranty Deed
—
Dec 27, 2018
$201,000
Burrbin Properties LLC
Counseling Associates INC
Warranty Deed
$235,000 · Centennial Bank
Apr 6, 2017
—
Counseling Associates INC
—
Deed
related
$24,820 · Arvest Mtg
Dec 27, 2005
$140,000
Counseling Associates INC
Commissioner Of Faulkner County
Trustees Deed
related
—
—
—
Counseling Associates INC
—
Loan Modification
related
$60,000 · Arvest Bank
—
—
Counseling Associates INC
—
Deed Of Trust
related
$60,000 · Arvest Bank
—
—
Counseling Associates INC
—
Loan Modification
related
$24,820 · Arvest Mtg
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.
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?”
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