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Property profile & analytics
OFF-MARKET
Estimated value
$3,835,000
Hotels
2370 Sanders Rd, Conway, AR 72032-2802
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US05-0001938
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2002
Total area
37,846 SF
Lot
1.24 ac (54,014 SF)
APN
710-08193-104
UPID
US05-0001938
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
$3.98M
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.84M
Owner & transaction history
Shiv Shakti Hotels INC · 3 yrs held
Shiv Shakti Hotels INC
since 2022
Last sale
$4.0M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+296.9%
Restaurant
$3.3M
+121.2%
Office building
$3.2M
+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
$3,700,000
ML approach
$3,980,000
CAP Approach
CAP Return
Estimation
6%
$3,795,000
6.5%
$3,505,000
7%
$3,255,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,965,000
Change: +297% · Conversion: Difficult
RESTAURANT
$3,325,000
Change: +121% · Conversion: Difficult
OFFICE BUILDING
$3,165,000
Change: +110% · Conversion: Difficult
RETAIL STORES
$2,835,000
Change: +89% · Conversion: Difficult
Blend value · Realmo final
$3.84M
Range $3.45M – $4.22M · ±10% · vs last sale $4.00M (Oct 4 2022)
Last sale anchor
$4.00M
Oct 4 2022
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
$101 / 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
$13,595
Tax year 2023
Assessed value
$268,670
Assessed 2023
Previous assessed
$268,670
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$87,820
Assessed improvement
$180,850
Land market value
$439,100
Improvement market value
$904,250
Total market value
$1,343,350
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
2002
Heating
NONE
Cooling
NONE
Stories
3
Total area
37,846 SF
Lot
1.24 ac (54,014 SF)
APN
710-08193-104
UPID
US05-0001938
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
$6.0M
RESTAURANT
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.2M
RETAIL STORES
Est. value
$2.8M
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
2002
Heating
NONE
Cooling
Yes
Stories
3
Lot
1.24 ac
Current owner
From public records · entity-resolved
Shiv Shakti Hotels INC
Entity
Mailing address
102 DEE DEE LN, LONOKE, AR 72086-8155
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Shiv Shakti Hotels INC
—
Deed
related
$401,900 · United States Small Business Admin
Oct 4, 2022
$4,000,000
Shiv Shakti Hotels INC
Sophia Hospitality LLC
Warranty Deed
$3,319,900 · Enterprise Bank & Trust
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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