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Property profile & analytics
OFF-MARKET
Estimated value
$3,795,000
Hotels
2360 Sanders Rd, Conway, AR 72032-2802
Entity Owned
3-yr Hold
Free & Clear
Property ID
US05-0001939
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Total area
35,922 SF
Lot
1.3 ac (56,628 SF)
APN
710-08193-105
UPID
US05-0001939
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.78M
CAP Approach
CAP
$3.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
New Generation Investment LLC · 3 yrs held
New Generation Investment LLC
since 2022
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.7M
+296.9%
Restaurant
$3.2M
+121.2%
Office building
$3.0M
+110.3%
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
$3,605,000
ML approach
$3,780,000
CAP Approach
CAP Return
Estimation
6%
$3,605,000
6.5%
$3,325,000
7%
$3,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,665,000
Change: +297% · Conversion: Difficult
RESTAURANT
$3,155,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$3,000,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$2,695,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$3.80M
Range $3.42M – $4.17M · ±10% · vs last sale $3.90M (Feb 28 2024)
Last sale anchor
$3.90M
Feb 28 2024
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
$106 / 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
$21,524
Tax year 2023
Assessed value
$425,370
Assessed 2023
Previous assessed
$425,370
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$90,170
Assessed improvement
$335,200
Land market value
$450,850
Improvement market value
$1,676,000
Total market value
$2,126,850
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
NONE
Stories
3
Total area
35,922 SF
Lot
1.3 ac (56,628 SF)
APN
710-08193-105
UPID
US05-0001939
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
COMMERCIAL (GENERAL)
Est. value
$5.7M
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2006
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.3 ac
Current owner
From public records · entity-resolved
New Generation Investment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3915 MCCAIN PARK DR, NORTH LITTLE ROCK, AR 72116-7821
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Om Gayatri LLC
—
Deed
related
$4,400,000 · First Service Bank
Apr 4, 2023
—
Hargurnam Singh
—
Deed
related
$3,496,000 · Us Metro Bank
Nov 14, 2022
—
New Generation Investment LLC
Aarya Hospitality LLC
Warranty Deed
—
Nov 14, 2022
$3,800,000
Hargurnam Singh
Rajnikant Patel
Re-recorded Document
related
$3,496,000 · Us Metro Bank
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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