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Property profile & analytics
OFF-MARKET
Office buildings
375 Monroe St, Conway, AR 72032-5789
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US05-0299116
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
1,872 SF
Lot
3.44 ac (149,846 SF)
APN
710-07876-000
UPID
US05-0299116
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
-
Rock Creek of Conway Apartment Building
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
Rc Conway Owner LLC · 3 yrs held
Rc Conway Owner LLC
since 2022
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
$51,280
Tax year 2023
Assessed value
$1,013,440
Assessed 2023
Previous assessed
$1,013,440
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$44,950
Assessed improvement
$968,490
Land market value
$224,750
Improvement market value
$4,842,450
Total market value
$5,067,200
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
2010
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
1,872 SF
Lot
3.44 ac (149,846 SF)
APN
710-07876-000
UPID
US05-0299116
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.44 ac
Current owner
From public records · entity-resolved
Rc Conway Owner LLC
Entity
Mailing address
14 STEUBEN LN, JACKSON, NJ 08527-2043
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
Rc Conway Owner LLC
Conway 590 Atlantic LLC
Special Warranty Deed
$4,200,000 · New York Community Bank
Aug 25, 2021
$4,600,000
Conway 590 LLC
Red Sash LLC
Special Warranty Deed
$368,000 · First Community Bank
Jan 29, 2020
—
Red Sash LLC
—
Deed
related
$1,650,000 · Legacy National Bank
Dec 17, 2019
$157,800
Red Sash LLC
Commissioner Of Faulkner County|ffh Of Conway Limt
Trustees Deed
—
Nov 30, 2009
—
Ffh Of Conway
—
Trustees Deed
related
$984,713 · First National Bank Fort Smith
Jul 3, 2007
$275,000
Ffh Of Conway
East Hedge LLC
Warranty Deed
related
$275,000 · First National Bank Fort Smith
Jan 24, 2006
$140,000
East Hedge LLC
Thessing David J
Warranty Deed
$112,000 · Summit Bank
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$984,713 · First National Bank Fort Smith
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$1,500,000 · Centennial Bk
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$500,000 · Arkansas Dev Finance Authority
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$900,000 · Arkansas Dev Finance Authority
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$885,000 · First Wstrn Bk
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$3,733,833 · Arkansas Dev Finance Authority
—
—
Ffh Of Conway LP
—
Deed Of Trust
related
$984,713 · First National Bank Fort Smith
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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