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    816 Oak St Conway, AR 72032-4724
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    Property profile & analytics

    816 Oak St Conway, AR 72032-4724

    View on Map
    • Motels
    • 20,148 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US05-0374743
    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.
    Value Estimations
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Waffle House / Restaurant
    • Best Western Conway / Hotel & Motel

    Property Details for 816 Oak St

    Lot size
    1.00 lot acres
    Property size
    20,148 SF
    Property type
    Motels
    APN
    710-07841-001
    APU
    71007841001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $978,000
      Market price range: $287k - $1.22M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $800,000
      Current use
      RESTAURANT
      $1,770,000
      Change: +121% Conversion: Difficult
      OFFICE BUILDING
      $1,685,000
      Change: +110% Conversion: Difficult
      RETAIL STORES
      $1,510,000
      Change: +89% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,205,000
      Change: +50% Conversion: Difficult
      MEDICAL BUILDING
      $1,010,000
      Change: +26% Conversion: Difficult
      WAREHOUSE, STORAGE
      $725,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.42
    Latitude
    35.0921
    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
    $13,826
    $104,540
    $168,710
    $273,250
    -
    $522,700
    $843,550
    $1,366,250

    Comparable in this City

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      $2,475,000
      33,142 SF

      2430 Sanders Rd

      MOTEL • 33,142 SF
      2430 Sanders Rd, Conway, AR 72032-2832
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    • Value Estimation by Request
      8,416 SF

      134 Harkrider St

      MOTEL • 8,416 SF
      134 Harkrider St, Conway, AR 72032-6623
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    • Value Estimation
      $765,000
      23,488 SF

      1105 Skyline Dr

      MOTEL • 23,488 SF
      1105 Skyline Dr, Conway, AR 72032-2857
      View Details
    • Value Estimation
      $670,000
      23,533 SF

      1002 Oak St

      MOTEL • 23,533 SF
      1002 Oak St, Conway, AR 72032-4726
      View Details
    • Value Estimation
      $2,140,000
      22,638 SF

      150 Hwy 65th N

      MOTEL • 22,638 SF
      150 Hwy 65th N, Conway, AR 72032-3500
      View Details
    • Value Estimation
      $1,325,000
      48,140 SF

      1090 Skyline Dr

      MOTEL • 48,140 SF
      1090 Skyline Dr, Conway, AR 72032-2865
      View Details

    Similar Nearby for Sale

    • $4,000,000

      Country Inn & Suites For Sale

      67-room hotel in Conway, Arkansas, near major colleges.
      750 Amity Rd, Conway, AR 72032
      View Details
    • $1,350,000
      77.00 Acres

      Conway, AR Development Land

      77 acres of raw land, great development opportunity.
      000 Malvern Hl Dr, Conway, AR 72032
      View Details
    • $124,000
      7.04 Acres

      Conway Acreage with Utilities

      7.04 acres near Conway, AR, with no restrictions.
      7 Logan Way, Conway, AR 72032
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    • $175,000
      5.00 Acres

      Conway Acreage with Development Potential

      5-acre tract near Conway with commercial and industrial options.
      278-H Highway 64 E, Conway, AR 72032
      View Details
    • $150,000
      6.00 Acres

      Conway Residential Lot For Sale

      Large residential lots in a country setting near city amenities.
      12 Rooster Rd, Conway, AR 72032
      View Details
    • $200,000
      7.25 Acres

      Conway Corner Property on Highway

      7.25 acre corner lot suitable for commercial or storage.
      738 B, Conway, AR 72032
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    Similar Nearby for Lease

    • $7 SF/Yr
      15,298 SF

      Conway Industrial Building For Sale/Lease

      15,298 SF industrial building; excellent investment opportunity.
      900 Runway Drive, Conway, AR 72032
      View Details
    • Contact for pricing

      Restaurant Space in Growing City

      6,652 SF restaurant space in Conway, Arkansas available for lease.
      1105 E Oak St, Conway, AR 72032
      View Details
    • Contact for pricing
      1,200 SF

      Downtown Office Space Available

      Office space in a good downtown area for rent.
      1014 Main St, Conway, AR 72032
      View Details
    • Contact for pricing
      1,380 SF

      Downtown Retail Space For Rent

      Retail space in downtown Conway with high traffic visibility.
      805 Monroe St, Conway, AR 72032
      View Details
    • Contact for pricing
      16,800 SF

      Leased Shopping Center in Conway

      Well-located shopping center with strong national tenant mix.
      1120 S Amity Rd, Conway, AR 72032
      View Details
    • Contact for pricing
      4,295 SF

      Conway Office Space Available

      Office space available for lease in Conway, Arkansas.
      895 Oak St, Conway, AR 72032
      View Details
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    Conway, AR 72032-4724
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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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