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    Property profile & analytics
    FOR LEASE
    Strip malls

    2100 Meadowlake Rd, Conway, AR 72032

    19,278 SF 1.84 ac lot Built 1998
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US05-0408558
    Property summary
    AI-generated overview

    This 19,000 square foot, single-story Class B shopping center, built in 1998, is situated on a 1.84-acre lot in Faulkner County's Conway submarket. The property boasts 8 suites, with 9,000 square feet currently vacant, offering spaces ranging from 2,400 to 3,900 square feet. Ample parking is provided with 104 spaces. The center benefits from a C-2 zoning designation and enjoys excellent visibility at a signalized intersection in a densely populated area. Recent improvements include new parking lot resurfacing and landscaping. The location is highly desirable, with proximity to major roadways, including Interstate 40 (25,000 vehicles per day) less than a mile away. Furthermore, its strategic position near the University of Central Arkansas (1.9 miles), Hendrix College (1.4 miles), and Conway Regional Hospital (2.0 miles) ensures a consistent flow of potential customers. The property is surrounded by a vibrant mix of businesses, including Wal-Mart, Lowe's, Kum & Go, Dairy Queen, and more. Existing tenants include Edward Jones, The Ride, Hurley Chiropractic, Cosmo Beauty Supply, and L&M Donuts. Three spaces are immediately available, offering a unique opportunity for businesses seeking a prime location in a thriving commercial area. Some suites feature medical-grade finishes, including an x-ray room and exam rooms with sinks.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1998
    Total area 19,278 SF
    Lot 1.84 ac (80,150 SF)
    APN 710-08763-002
    UPID US05-0408558
    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
    • The Ride (Bike/Boat/Book/etc) Store
    • Canvas Salon Hair Salon Nail Salon
    • Arkansas Pelvic Health of Conway Physician
    • Edward Jones - Financial Advisor: Samuel G Nagher III Financial Advisor
    • lazy daze pools Construction Company General Contractor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.00M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.00M
    Owner & transaction history
    2100 Meadowlake LLC · 2 yrs held
    2100 Meadowlake LLC
    since 2024
    Last sale
    $2.0M
    6 recorded transactions
    2024
    $2.0M
    2019
    2017
    2014
    $1.6M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $3.0M +358.9%
    Restaurant $1.7M +155.8%
    Office building $1.6M +143.2%
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    More about this property
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