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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
2710 College Ave Conway, AR 72034-6141
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US05-0310075
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
15,448 SF
Lot
2 ac (87,120 SF)
APN
710-07404-001
UPID
US05-0310075
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
-
Arkansas Pediatrics of Conway Pediatrician Medical Clinic
-
Alexis Cooper Physician
-
Arkansas Pediatrics of Conway: Lucas Philip MD Physician
-
Dr. Steven D. Mcnabb, MD Pediatrician Medical Clinic
-
Martin Karen L Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$872k
Blend (final)
Blend
$645k
Owner & transaction history
Lumac LLC · 5 yrs held
Lumac LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+24.7%
Retail stores
$950,000
+24.5%
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
by Request
ML approach
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$760,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +25% · Conversion: Difficult
RETAIL STORES
$950,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$42 / 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
$28,064
Tax year 2023
Assessed value
$554,630
Assessed 2023
Previous assessed
$554,630
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$65,340
Assessed improvement
$489,290
Land market value
$326,700
Improvement market value
$2,446,450
Total market value
$2,773,150
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
2004
Heating
NONE
Cooling
NONE
Stories
2
Total area
15,448 SF
Lot
2 ac (87,120 SF)
APN
710-07404-001
UPID
US05-0310075
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
MEDICAL BUILDING Current
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$950,000
RETAIL STORES
Est. value
$950,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Cooling
Yes
Stories
2
Lot
2 ac
Current owner
From public records · entity-resolved
Lumac LLC
Entity
Mailing address
PO BOX 1210, CONWAY, AR 72033-1210
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
—
Lumac LLC
—
Deed
related
$708,859 · Arvest Bank
Jul 21, 2020
—
Lumac LLC
—
Deed
related
$1,753,684 · Arvest Bank
Mar 9, 2018
—
Lumac LLC
—
Deed
related
$2,465,000 · Regions Bk/fayette
Jul 24, 2017
—
Lumac LLC
—
Deed
related
$1,500,000 · First Security Bank
—
—
Lumac LLC
—
Deed Of Trust
related
$1,900,000 · First Security Bank
—
—
Lumac LLC
—
Deed Of Trust
related
$2,465,000 · Regions Bk/fayette
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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