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Property profile & analytics
OFF-MARKET
Office buildings
250 Harkrider St, Conway, AR 72032-7108
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US05-2348204
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
1,359 SF
Lot
1 ac (43,560 SF)
APN
710-08073-000
UPID
US05-2348204
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
-
H & R Auto Sales LLC Car Dealership
-
Direct Discount Furniture & Home Goods Home Decor Store
-
Conway Gymnastics & Cheer Gym & Fitness Center
-
Cheer Central Elite Braves Gym & Fitness 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
Ray & Cindy Properties LLC · 7 yrs held
Ray & Cindy Properties LLC
since 2019
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
$3,322
Tax year 2023
Assessed value
$65,660
Assessed 2023
Previous assessed
$65,660
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$21,780
Assessed improvement
$43,880
Land market value
$108,900
Improvement market value
$219,400
Total market value
$328,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Bathrooms
1
Total area
1,359 SF
Lot
1 ac (43,560 SF)
APN
710-08073-000
UPID
US05-2348204
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
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
1 ac
Current owner
From public records · entity-resolved
Ray & Cindy Properties LLC
Entity
Mailing address
1 BURFORD DR, CONWAY, AR 72034-4803
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2022
—
Preferred Distribution Center LLC
—
Deed
related
$1,487,864 · Arvest Bank
Mar 4, 2019
—
Raymond A Kordsmeier
—
Deed
related
$207,000 · Centennial Bank
Feb 25, 2019
—
Ray & Cindy Properties LLC
Kordsmeier,raymond A JR & Cynthia
Quit Claim Deed
related
—
Jan 4, 2019
—
Preferred Distribution Ctr LLC
—
Deed
related
$1,727,062 · Arvest Mtg
Oct 6, 2008
$2,400,000
Preferred Distribution Center
Virco Manufacturing Corp
Warranty Deed
$2,160,000 · Arvest Bank
Dec 19, 2007
$500,000
Raymond A Kordsmeier
Arkansas Builders Of Conway INC
Warranty Deed
$275,000 · First State Bank
Aug 17, 2004
—
Arkansas Bldrs Of Conway INC
—
Trustees Deed
related
$220,000 · Bank Of The Ozarks
—
—
Preferred Distribution Ctr LLC
—
Loan Modification
related
$1,727,062 · Arvest Mtg
—
—
Preferred Distribution Center
—
Loan Modification
related
$1,915,120 · Arvest Bank
—
—
Preferred Distribution Center
—
Loan Modification
related
$2,011,701 · Arvest Mtg
—
—
Preferred Distribution Center
—
Loan Modification
related
$1,986,513 · Arvest Mtg
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.
Try Rey
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