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    Property profile & analytics

    605 Salem Rd Conway, AR 72034-4861

    • Drive through restaurants
    • 1,879 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Feb 06, 2024
    $220,000
    Location Intelligence
    Property ID
    US05-0684439
    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.

    Current Use by Public Records

    • Great American Cookies / Cookie Shop
    • Top Line Cleaners / Dry Cleaner
    • Mohammad Idris / Family Practice Physician / Health Care Facility
    • Hailee Ireland / Nurse Practitioner
    • Xen Thai and Ramen / Asian Restaurant / Ramen Restaurant

    Property Details for 605 Salem Rd

    Year built
    2014
    Lot size
    0.40 lot acres
    Property size
    1,879 SF
    Property type
    Drive through restaurants
    APN
    712-12110-138
    APU
    71212110138

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $235,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $250,000
      Mixed-Use
      $290,000
      Hospitality
      $250,000
      Educational
      $275,000
      Residential Income
      $235,000
      Energy
      $280,000
      Income-Based Land
      $240,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4721
    Latitude
    35.0866
    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
    $5,226
    $31,550
    $71,730
    $103,280
    -
    $157,750
    $358,650
    $516,400

    Comparable in this City

    • Value Estimation
      $560,000
      1,232 SF

      2375 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,232 SF
      2375 Dave Ward Dr, Conway, AR 72034-8688
      View Details
    • Value Estimation
      $330,000
      2,755 SF

      1105 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,755 SF
      1105 Dave Ward Dr, Conway, AR 72034-6992
      View Details
    • Value Estimation
      $395,000
      3,458 SF

      2295 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,458 SF
      2295 Dave Ward Dr, Conway, AR 72034-6753
      View Details
    • Value Estimation
      $2,570,000
      3,223 SF

      2205 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,223 SF
      2205 Dave Ward Dr, Conway, AR 72034
      View Details
    • Value Estimation
      $1,950,000
      3,050 SF

      3750 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,050 SF
      3750 Dave Ward Dr, Conway, AR 72034-7980
      View Details
    • Value Estimation
      $1,660,000
      3,471 SF

      1055 Dave Ward Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,471 SF
      1055 Dave Ward Dr, Conway, AR 72034-7080
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      Conway Retail/Restaurant Opportunity For Sale

      Recently renovated retail/restaurant space across from the University of Central Arkansas.
      2205 Dave Ward Dr, Conway, AR 72034
      View Details
    • $230,000
      1,712 SF

      Conway Office/Retail Opportunity

      Office or retail building with living space and storage.
      1214 Clifton St, Conway, AR 72034
      View Details
    • $360,000
      2,006 SF

      Commercial Space in Conway, AR

      Commercial space with high visibility and plentiful parking.
      703 Donaghey Ave, Conway, AR 72034
      View Details
    • New
      $150,000
      1,200 SF

      Leola Convenience Store on 3.68 Acres

      Turnkey convenience store with land, inventory, and equipment included.
      5499 Highway 9, Leola, AR 72034
      View Details
    • $399,900
      1,960 SF

      Commercial Building with Prime Location

      Versatile commercial building suitable for various business uses.
      2845 W Prince St, Conway, AR 72034
      View Details
    • $180,000
      1,072 SF

      Downtown Conway Commercial/Residential Space

      Commercial or residential space in Downtown Conway with parking.
      1511 Caldwell St, Conway, AR 72034
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      1,105 SF

      Retail Space with Ample Parking

      Retail space for rent with residential living above.
      825 S Donaghey Ave, Conway, AR 72034
      View Details
    • $26 SF/Yr
      975 SF

      Retail Space Near UCA

      Retail space with high visibility and access near UCA.
      2285 Moix Blvd, Conway, AR 72034
      View Details
    • $26 SF/Yr
      1,518 SF

      Retail Space Near UCA

      Retail space with high visibility and easy access to I-40.
      2280 Moix Blvd, Conway, AR 72034
      View Details
    • $22 SF/Yr
      1,400 SF

      Upscale Retail Space in Conway

      Retail space available in upscale lifestyle center in Conway, AR.
      2235 Dave Ward Dr, Conway, AR 72034
      View Details
    • $12 SF/Yr
      2,400 SF

      Office Space with Open Layout

      Office space featuring an open floor plan and kitchen area.
      707 Robins St, Conway, AR 72034
      View Details
    • $13 SF/Yr
      20,500 SF

      Crown Plaza Executive Suites

      Conway Office Space Available Now
      2915 Dave Ward Dr, Conway, AR 72034
      View Details
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    605 Salem Rd
    Conway, AR 72034-4861
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    Realmo Value Estimation

    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.

    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.

    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
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