Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2650 Donaghey Ave Conway, AR 72032-2362
    Back to Search
    Property profile & analytics

    2650 Donaghey Ave, Conway, AR 72032-2362

    View on Map
    • Drive through restaurants
    • 2,358 SF
    • 0.78 lot acres
    Off-Market
    Property ID
    US05-0357788
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dairy Queen Grill & Chill / Restaurant / Take-out & Catering

    Property Details for 2650 Donaghey Ave

    Year built
    2001
    Lot size
    0.78 lot acres
    Property type
    Drive through restaurants
    APN
    710-08853-201
    APU
    71008853201

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    — — Trinity Dev Co INC — Loan Modification · related $355k · Simmons First National Bank
    — — Trinity Dev Co INC — Deed Of Trust · related $355k · Simmons First National Bank
    — — Trinity Dev Co INC — Deed Of Trust · related $176k · Simmons First National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4485
    Latitude
    35.1117
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,730
    $67,950
    $65,060
    $133,010
    -
    $339,750
    $325,300
    $665,050

    Comparable in this City

    • Value Estimation
      $2,015,000
      1,528 SF

      175 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD
      175 Oak St, Conway, AR 72032-4682
      View Details
    • Value Estimation by Request
      4,533 SF

      Hwy 65th N

      DRIVE-THRU RESTAURANT, FAST FOOD
      Hwy 65th N, Conway, AR 72032
      View Details
    • Value Estimation by Request
      4,076 SF

      220 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD
      220 Oak St, Conway, AR 72032-4683
      View Details
    • Value Estimation by Request
      3,049 SF

      305 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD
      305 Oak St, Conway, AR 72032-4678
      View Details
    • Value Estimation by Request
      3,083 SF

      102 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD
      102 Oak St, Conway, AR 72032-4643
      View Details
    • Value Estimation by Request
      1,636 SF

      1890 Old Morrilton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      1890 Old Morrilton Hwy, Conway, AR 72032-2745
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,497 SF

      Outback Steakhouse in Conway, Arkansas

      Restaurant property in a high-growth city.
      955 E Oak St, Conway, AR 72032
      View Details
    • Contact for pricing

      Restaurant Property in Growing City

      6,652 SF restaurant available in Conway, Arkansas.
      1105 E Oak St, Conway, AR 72032
      View Details
    • Contact for pricing
      1,558 SF

      NNN Leased Retail Investment

      Retail property with long-term absolute NNN lease.
      175 E Oak St, Conway, AR 72032
      View Details
    • Contact for pricing

      Commercial Land with Road Frontage

      1.77 acres of commercial land in high-traffic area.
      Victory Ln, Conway, AR 72032
      View Details
    • Contact for pricing
      3,491 SF

      High-Visibility Corner Lot Building

      Modern 3,941 SF building on 1.35 acres for sale.
      2400 Donaghey Ave, Conway, AR 72032
      View Details
    • Contact for pricing

      Retail Space in Conway Center

      Retail spaces available in a prominent shopping center.
      201 Skyline Dr, Conway, AR 72032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Retail Space For Lease

      New construction retail space available for lease in Conway, AR.
      680 Shelby Trl, Conway, AR 72032
      View Details
    • Contact for pricing

      Restaurant Space with Interstate Access

      6,254 sq ft restaurant space with bar area.
      2310 Sanders St, Conway, AR 72032
      View Details
    • Contact for pricing

      Restaurant Space in Growing City

      6,652 SF restaurant space in Conway, Arkansas available for lease.
      1105 E Oak St, Conway, AR 72032
      View Details
    • Contact for pricing

      Freestanding Restaurant Building For Lease

      Restaurant building for lease in Lewis Crossing retail node.
      1025 S Amity Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      800 SF

      Downtown Retail or Office Space

      Small retail or office space with great visibility and access.
      611 Court St, Conway, AR 72032
      View Details
    • Contact for pricing

      Retail/Office Space Near I-40

      Retail and office spaces with convenient access to I-40.
      2104 Harkrider St, Conway, AR 72032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2650 Donaghey Ave
    Conway, AR 72032-2362
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2650 Donaghey Ave, Conway, AR, 72032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!