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    Property profile & analytics

    815 Donaghey Ave Conway, AR 72034

    • Office buildings
    • 6,304 SF
    • 1.02 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Last Sale
    Jun 04, 2021
    $1,958,300
    Value Estimations
    $2,015,000
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence
    Property ID
    US05-0001952
    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

    • Hopebridge Autism Therapy Centers / Speech Pathologist / Mental Health Clinic
    • Hopebridge Autism Therapy Center / Mental Health Clinic / Child Health Care Centre
    • AIM - Autism in Motion / Child Health Care Centre
    • AIM - Autism in Motion Clinics / Mental Health Clinic / Child Health Care Centre

    Property Details for 815 Donaghey Ave

    Year built
    2021
    Lot size
    1.02 lot acres
    Property size
    6,304 SF
    Property type
    Office buildings
    APN
    710-08561-004
    APU
    71008561004

    Description

    This exceptional 6,246-square-foot medical office building, constructed in 2021, is available for sublease at 815 S. Donaghey Ave in Conway, Arkansas. The single-story building sits on a 1.02-acre lot and offers high visibility, boasting approximately 31,500 vehicles daily on Dave Ward Drive and 12,000 on S. Donaghey Avenue. The entire 6,246 square feet is currently vacant, presenting a unique opportunity for a medical practice or other professional business. Located in Faulkner County, this property benefits from its convenient access to Interstate 40, enhancing accessibility for patients and staff. The site also includes a playground, adding a family-friendly element to the location. The lease rate is $20.00 per square foot (NNN). This prime location in a growing area offers a strong potential for success. The property's modern design and convenient amenities make it an ideal space for a variety of medical or professional uses. Don't miss this chance to secure a well-situated medical office in a thriving Arkansas community. The zip code is 72034.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,015,000
      ML approach
      $1,845,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4554
    Latitude
    35.0693
    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
    $14,199
    $88,860
    $191,760
    $280,620
    -
    $444,300
    $958,800
    $1,403,100

    Comparable in this City

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      $290,000
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      1200 Covington Way

      OFFICE BUILDING • 4,170 SF
      1200 Covington Way, Conway, AR 72034-7155
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    • Value Estimation
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      850 SF

      1302 Oak St

      OFFICE BUILDING • 850 SF
      1302 Oak St, Conway, AR 72034-5339
      View Details
    • Value Estimation
      $295,000
      2,016 SF

      811 Pkwy St

      OFFICE BUILDING • 2,016 SF
      811 Pkwy St, Conway, AR 72034-5342
      View Details
    • Value Estimation
      $280,000
      2,500 SF

      821 Pkwy St

      OFFICE BUILDING • 2,500 SF
      821 Pkwy St, Conway, AR 72034-5342
      View Details
    • Value Estimation
      $295,000
      2,400 SF

      231 Sturgis Rd

      OFFICE BUILDING • 2,400 SF
      231 Sturgis Rd, Conway, AR 72034-8334
      View Details
    • Value Estimation by Request
      1,632 SF

      574 Locust Ave

      OFFICE BUILDING • 1,632 SF
      574 Locust Ave, Conway, AR 72034-5349
      View Details

    Similar Nearby for Sale

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      Conway Office/Retail Opportunity

      Office or retail building with living space and storage.
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    • Contact for pricing
      150,000 SF

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      Class A Office, Available Now
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    Similar Nearby for Lease

    • $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
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    • $13 SF/Yr
      20,500 SF

      Crown Plaza Executive Suites

      Conway Office Space Available Now
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      View Details
    • $2,975 /Mo
      1,536 SF

      Medical Office Space Available

      Medical office space for rent near Conway Regional Medical Center.
      2425 Dave Ward Dr, Conway, AR 72034
      View Details
    • $8 SF/Yr
      2,000 SF

      Office Space Near Dave Ward

      Office space with garage and private restroom near Dave Ward.
      600 S German Ln, Conway, AR 72034
      View Details
    • $20 SF/Yr
      4,012 SF

      Office Space with Drive-Through

      Office space with drive-through available for lease.
      3700 Dave Ward Dr, Conway, AR 72034
      View Details
    • $20 SF/Yr
      6,246 SF

      Conway Medical Office Sublease

      Modern 6,246 SF Medical Clinic in Conway, AR
      815 Donaghey Ave, Conway, AR 72034
      View Details
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    Conway, AR 72034
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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