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    916 E Oak St Conway, AR 72032
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    Property profile & analytics

    916 E Oak St, Conway, AR 72032

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    • Drive through restaurants
    • 3,216 SF
    • 1.00 lot acres
    For Lease
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    Prime Retail Corridor Land For Lease
    Contact for pricing

    Prime Retail Corridor Land

    1.49 acres available for ground lease or build-to-suit.

    916 E Oak St, Conway, AR 72032
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    Property ID
    US05-0196584
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Raising Cane's Chicken Fingers / Restaurant / Take-out & Catering
    • MDT Investments / Financial Advisor

    Property Details for 916 E Oak St

    Year built
    2020
    Lot size
    1.00 lot acres
    Property type
    Drive through restaurants
    APN
    710-07785-001
    APU
    71007785001

    Description

    This exceptional 1.49-acre commercial lot presents a prime development opportunity in Conway, Arkansas. Located at 916 E. Oak Street, this single-tenancy property is zoned for commercial and retail use, offering significant potential for ground lease or build-to-suit (BTS) projects. The expansive lot size provides ample space for a variety of commercial ventures, catering to businesses seeking a prominent location within a thriving community. Situated in Faulkner County, the property boasts convenient access to major roadways and essential amenities, ensuring high visibility and accessibility for future tenants or occupants. The address, 916 E. Oak Street, Conway, AR 72032, places the property within a dynamic commercial corridor, promising strong returns on investment. This is an ideal site for developers seeking a strategic location to construct a new building tailored to their specific needs or for investors looking for a lucrative ground lease opportunity. The property's size and location make it an attractive proposition for a wide range of commercial uses, from retail establishments to office spaces, and more. With its strategic location and significant acreage, this property represents a rare opportunity to establish a strong commercial presence in a rapidly growing market. The property is classified as land with a commercial and retail subtype. The total building square footage is listed as 1 square foot, indicating that no existing structures are present, further enhancing the potential for new construction. This presents a blank canvas for developers to create a bespoke commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.4175
    Latitude
    35.092
    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
    $11,895
    $87,120
    $147,960
    $235,080
    -
    $435,600
    $739,800
    $1,175,400

    Comparable in this City

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      4,076 SF

      220 Oak St

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      305 Oak St

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      3,083 SF

      102 Oak St

      DRIVE-THRU RESTAURANT, FAST FOOD
      102 Oak St, Conway, AR 72032-4643
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    • Value Estimation by Request
      1,636 SF

      1890 Old Morrilton Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD
      1890 Old Morrilton Hwy, Conway, AR 72032-2745
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      1,558 SF

      NNN Leased Retail Investment

      Retail property with long-term absolute NNN lease.
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      Commercial Land with Road Frontage

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      High-Visibility Corner Lot Building

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      Retail Space in Conway Center

      Retail spaces available in a prominent shopping center.
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      Restaurant Space in Growing City

      6,652 SF restaurant space in Conway, Arkansas available for lease.
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      Restaurant Space with Interstate Access

      6,254 sq ft restaurant space with bar area.
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      Retail Space in Prominent Center

      Retail spaces ranging from 1,125 SF - 9,900 SF available.
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      4,622 SF

      Retail Space with Highway Access

      Retail space with strong brand presence and highway accessibility.
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    Conway, AR 72032
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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.

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