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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Strip malls
500 Amity Rd, Conway, AR 72032-5948
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0409620
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
35,921 SF
Lot
3.47 ac (151,153 SF)
APN
710-07978-008C
UPID
US05-0409620
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
-
Plato's Closet Clothing & Fashion Store
-
Style Encore Conway Clothing & Fashion Store
-
Umami Sushi Lounge & Grill Fusion in Conway Arkansas Restaurant
-
Spectrum Paint Hardware & Home Improvement Building Supply
-
The UPS Store Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$1.14M
Owner & transaction history
City Of Conway · 10 yrs held
City Of Conway
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+45.7%
Warehouse, storage
$1.3M
+4.4%
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,235,000
Current use
MEDICAL BUILDING
$1,800,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,290,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±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
$32 / 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
$35,754
Tax year 2023
Assessed value
$706,610
Assessed 2023
Previous assessed
$706,610
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$246,920
Assessed improvement
$459,690
Land market value
$1,234,600
Improvement market value
$2,298,450
Total market value
$3,533,050
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Stories
1
Total area
35,921 SF
Lot
3.47 ac (151,153 SF)
APN
710-07978-008C
UPID
US05-0409620
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2002
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
City Of Conway
Entity
Free & Clear · 10 yrs held
Mailing address
700 FRNT ST STE #101, CONWAY, AR 72032-5423
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
Nabholz Properties INC
—
Deed
related
$2,500,000 · First Security Bank
Dec 14, 2016
—
Nabholz Properties INC
—
Deed
related
$2,880,000 · First Sec Bk
Dec 5, 2016
—
Nabholz Properties INC
—
Deed
related
$2,880,000 · First Sec Bk
Jul 16, 2015
$9,850
City Of Conway
Nabholz Properties INC
Warranty Deed
—
Mar 26, 2013
—
Nabholz Properties INC
—
Deed Of Trust
related
$2,880,000 · First Sec Bk/owensboro
Dec 28, 2012
—
Nabholz Properties INC
—
Trustees Deed
related
$973,600 · Simmons First National Bank
—
—
Nabholz Properties INC
—
Loan Modification
related
$2,880,000 · First Sec Bk
—
—
Nabholz Properties INC
—
Deed Of Trust
related
$1,545,920 · Simmons First National Bank
—
—
Nabholz Properties INC
—
Deed Of Trust
related
$973,600 · Simmons First National Bank
—
—
Nabholz Properties INC
—
Deed Of Trust
related
$1,700,000 · Simmons First National Bank
—
—
Nabholz Properties INC
—
Deed Of Trust
related
$1,531,927 · Simmons First National Bank
—
—
Ward Transportation Svcs INC
—
Deed Of Trust
related
$90,000 · National Bank Of Arkansas
—
—
Ward Transportation Svcs INC
—
Deed Of Trust
related
$575,000 · National Bank Of Arkansas
—
—
Nabholz Properties INC
—
Loan Modification
related
$2,880,000 · First Sec Bk
—
—
Nabholz Properties INC
—
Loan Modification
related
$2,880,000 · First Sec Bk
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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