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Property profile & analytics
FOR LEASE
Strip malls
805 Monroe St Conway, AR 72032
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0309366
For Lease
1 / 2
$1,500/Mo
805 Monroe St, Conway, AR 72032
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2009
Total area
13,603 SF
Lot
0.16 ac (6,752 SF)
APN
710-03477-000
UPID
US05-0309366
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
-
Uptown Swank Permanent Cosmetics & Spray Tan Spa & Massage Center
-
Delta Trust & Bank-Conway Bank Loan Service
-
Osment Law Firm Law Firm
-
Conway Medical & Wellness Clinic Gym & Fitness Center Alternative Medicine Practice
-
Melissa Reibe Photography LLC Photography Service (Bike/Boat/Book/etc) Store
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
Vernon G Salter JR · 10 yrs held
Vernon G Salter JR
since 2015
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
$11,785
Tax year 2023
Assessed value
$232,910
Assessed 2023
Previous assessed
$232,910
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$6,750
Assessed improvement
$226,160
Land market value
$33,750
Improvement market value
$1,130,800
Total market value
$1,164,550
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
For Lease
Year built
2009
Heating
NONE
Cooling
NONE
Stories
1
Total area
13,603 SF
Lot
0.16 ac (6,752 SF)
APN
710-03477-000
UPID
US05-0309366
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
2009
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Vernon G Salter JR
Individual
Free & Clear · 10 yrs held
Mailing address
1535 WILLOW CRK CV, CONWAY, AR 72034-7565
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2020
—
Salter Gene JR.
—
Deed
related
—
Jul 31, 2015
—
Vernon G Salter JR
Salter Vernon G & J D Trust
Quit Claim Deed
related
—
—
—
Salter Vernon G & Jaxine D Trust
—
Deed Of Trust
related
—
—
—
Salter Gene JR.
—
Loan Modification
related
—
—
—
Salter,vernon G & Jaxine D Trust
—
Loan Modification
related
—
—
—
Salter,vernon G & Jaxine D Trust
—
Loan Modification
related
—
—
—
Gene Salter Properties INC
—
Loan Modification
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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