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    Property profile & analytics

    175 E Oak St Conway, AR 72032

    • Drive through restaurants
    • 1,528 SF
    • 0.34 lot acres
    For Sale
    View listing
    $2,083,333
    Last Sale
    Mar 02, 2023
    $2,100,840
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2381846
    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

    • Tropical Smoothie Cafe / Cafe / Fast Food Restaurant

    Property Details for 175 E Oak St

    Year built
    2020
    Lot size
    0.34 lot acres
    Property size
    1,528 SF
    Property type
    Drive through restaurants
    APN
    710-03863-001C
    APU
    71003863001C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,895,000
      ML approach
      $1,960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4269
    Latitude
    35.0913
    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
    $6,443
    $36,900
    $90,440
    $127,340
    -
    $184,500
    $452,200
    $636,700

    Comparable in this City

    • Value Estimation
      $240,000
      2,153 SF

      1311 Harkrider St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,153 SF
      1311 Harkrider St, Conway, AR 72032-4228
      View Details
    • Value Estimation
      $265,000
      3,391 SF

      311 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,391 SF
      311 Oak St, Conway, AR 72032-4646
      View Details
    • Value Estimation
      $235,000
      1,536 SF

      1201 Old Morrilton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,536 SF
      1201 Old Morrilton Hwy, Conway, AR 72032-9194
      View Details
    • Value Estimation
      $255,000
      2,358 SF

      2650 Donaghey Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,358 SF
      2650 Donaghey Ave, Conway, AR 72032-2362
      View Details
    • Value Estimation
      $255,000
      528 SF

      900 Exchange Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 528 SF
      900 Exchange Ave, Conway, AR 72032-7809
      View Details
    • Value Estimation
      $245,000
      743 SF

      420 Oak Ingram St

      DRIVE-THRU RESTAURANT, FAST FOOD • 743 SF
      420 Oak Ingram St, Conway, AR 72032
      View Details

    Similar Nearby for Sale

    • $2,968,682

      New Restaurant with Drive-Thru

      New restaurant with drive-thru, immediate I-40 access, near university.
      945 S Amity Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      6,652 SF

      Conway Retail Space - High Visibility

      6,652 SF Retail Space in Prime Location
      1105 Oak St, Conway, AR 72032
      View Details
    • $1,850,000
      10,140 SF

      Versatile Property in Conway, AR

      Adaptable property suitable for retail, office, industrial, or flex space.
      205 Tilk Rd, Conway, AR 72032
      View Details
    • $2,083,333
      1,558 SF

      NNN Leased Retail Investment

      Retail property with long-term absolute NNN lease.
      175 E Oak St, Conway, AR 72032
      View Details
    • $2,300,000
      17,617 SF

      Conway Multifamily Investment Opportunity

      19-Unit Apartment Building, Updated 2021
      1839 Tyler St, Conway, AR 72032
      View Details
    • $439,084
      1.12 Acres

      Conway Commercial Land Opportunity

      1.12-acre lot, prime Conway location.
      520 United Dr, Conway, AR 72032
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      6,254 SF

      Restaurant Space Near Interstate

      6,254 SF restaurant space with bar area available.
      2310 Sanders Rd, Conway, AR 72032
      View Details
    • $15 SF/Yr
      6,254 SF

      Conway Restaurant - Prime Location

      Established Restaurant, High Visibility, Ample Parking
      2310 Sanders St, 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
    • $15 SF/Yr
      24,692 SF

      Conway Office Building For Sale

      Prime Conway location, 24,692 sq ft, 125 parking spaces.
      1150 Museum Rd, Conway, AR 72032
      View Details
    • $3,125 /Mo
      2,500 SF

      Retail Space with Storage

      Open retail space with storage and bathroom available for lease.
      500 Amity Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      6,652 SF

      Prime Conway Retail Space

      6,652 SF Vacant Retail Building
      1105 Oak St, Conway, AR 72032
      View Details
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    175 E Oak St
    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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