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Property profile & analytics
OFF-MARKET
Medical Office Space
2415 Prince St, Conway, AR 72034-3746
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0393193
Property summary
AI-generated overview
This exceptional 9,030-square-foot medical office building in Conway, Arkansas, presents a compelling investment opportunity. Boasting a 7.50% cap rate and an asking price of $2,665,000 ($295.13/SF), this single-story property is situated on a 0.82-acre lot and zoned 0-1. The building is currently multi-tenant, occupied by two highly reputable companies: AXPM Dental Management, LLC, a regional dental management firm with over 100 locations, and LHC Group, a nationally recognized, publicly traded home health agency (NASDAQ: LHCG). This strategic location in the heart of Conway offers exceptional visibility and accessibility, surrounded by a thriving mix of medical, office, retail, and educational institutions. Nearby national retailers include Chick-fil-A and Walmart. The property's proximity to Central Baptist College (4-minute drive), Hendrix College (5-minute drive), and the University of Central Arkansas (3-minute drive) further enhances its appeal and potential for long-term growth. This is a rare opportunity to acquire a high-performing asset in a dynamic and expanding market.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Total area
3,090 SF
Lot
0.83 ac (36,155 SF)
APN
710-08380-005
UPID
US05-0393193
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
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Westrock Orthodontics | Conway Dental Office
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Rita Ribeiro, DDS Dental Office
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Reliable Appraisals, LLC Real Estate Agency
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Outdoor Finance Co Loan Service
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Apex Dental Education - Conway Vocational School Training Center
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
James J Gillespie · 1 yrs held
James J Gillespie
since 2024
Last sale
$2.5M
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
$12,449
Tax year 2023
Assessed value
$246,020
Assessed 2023
Previous assessed
$246,020
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$36,590
Assessed improvement
$209,430
Land market value
$182,950
Improvement market value
$1,047,150
Total market value
$1,230,100
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
3,090 SF
Lot
0.83 ac (36,155 SF)
APN
710-08380-005
UPID
US05-0393193
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
Year built
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
James J Gillespie
Individual
Mailing address
200 RIV MARKET AVE STE #501, LITTLE ROCK, AR 72201-1767
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2024
$2,450,000
James J Gillespie
Blackburn Capital LLC
Warranty Deed
$1,407,466 · Farm Credit Svcs Of Western Arkansa
Nov 28, 2022
—
Blackburn Capital LLC
—
Deed
related
$1,000,000 · Southern Bancorp Bank
Dec 13, 2021
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Blackburn Capital LLC
—
Deed
related
$1,482,000 · Relyance Bank NA
Apr 15, 2015
$1,440,000
Blackbura Capital LLC
Edwin Kyle Dalton
Warranty Deed
$1,224,000 · Regions Bank
Jan 9, 2012
—
Edwin K Dalton
—
Trustees Deed
related
$850,000 · First Service Bank
Jul 14, 2004
—
Edwin K Dalton
—
Trustees Deed
related
$150,000 · Regions Bank
—
—
Edwin K Dalton
—
Deed Of Trust
related
$575,191 · Metropolitan National Bank
—
—
Edwin K Dalton
—
Deed Of Trust
related
—
—
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Edwin K Dalton
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Deed Of Trust
related
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—
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Edwin K Dalton
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Deed Of Trust
related
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Edwin K Dalton
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Deed Of Trust
related
—
—
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Edwin K Dalton
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Loan Modification
related
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—
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Edwin K Dalton
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Deed Of Trust
related
$150,000 · Metropolitan National Bank
—
—
Edwin K Dalton
—
Deed Of Trust
related
$197,352 · Metropolitan National Bank
—
—
Edwin K Dalton
—
Deed Of Trust
related
$252,236 · Metropolitan National Bank
—
—
Edwin K Dalton
—
Loan Modification
related
—
—
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E Kyle Dalton
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Loan Modification
related
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Edwin K Dalton
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Loan Modification
related
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—
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Edwin K Dalton
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Loan Modification
related
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Dt Real Estate LLC
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Loan Modification
related
$96,661 · First Security Bank Of Conway
—
—
Edwin K Dalton
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Loan Modification
related
—
—
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Edwin K Dalton
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Deed Of Trust
related
—
—
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Edwin K Dalton
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Deed Of Trust
related
$550,000 · Metropolitan National Bank
—
—
Edwin K Dalton
—
Deed Of Trust
related
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—
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Edwin K Dalton
—
Deed Of Trust
related
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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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