Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    924 Halter Rd Conway, AR 72032

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    924 Halter Rd Conway, AR 72032

    View on Map
    • Commercial real estate
    • 1.25 lot acres
    Off-Market
    Property ID
    US05-0632414
    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

    • Commercial real estate

    Property Details for 924 Halter Rd

    Lot size
    1.25 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.25-acre commercial land parcel is ideally situated in Conway, Arkansas, at 924 Halter Rd, zip code 72032, within Faulkner County. Zoned for commercial use, this property presents a fantastic opportunity for developers and businesses seeking a ready-to-build pad site. The asking price is $400,000. Its convenient location offers easy access and close proximity to Interstate 40, ensuring high visibility and excellent accessibility for customers and employees. The lot's configuration as a corner lot further enhances its appeal and potential for development. The property's size provides ample space for a variety of commercial ventures, from retail establishments to office buildings or light industrial uses. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a strategically located commercial land parcel in a thriving Arkansas market. Don't miss out on this chance to establish your business in a prime location with excellent infrastructure and accessibility. Serious inquiries only.

    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
    -92.4169632
    Latitude
    35.0888876

    Comparable in this City

    • $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
      View Details
    • $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
    • $1,378,400
      172.30 Acres

      172 Acres of Timberland

      Timberland with creek frontage and hunting opportunities near Conway.
      10 Kim Rd, 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
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $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
    • $1,378,400
      172.30 Acres

      172 Acres of Timberland

      Timberland with creek frontage and hunting opportunities near Conway.
      10 Kim Rd, 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
      View Details

    Similar Nearby 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
      View Details
    • Contact for pricing

      Land for Rent in Conway

      Land available for rent at 315 Monroe St, Conway, AR.
      315 Monroe St, Conway, AR 72032
      View Details
    • Contact for pricing

      Land Available Near Interstate 40

      8.94 acres of commercial land for lease or sale.
      2248 Sanders Rd, Conway, AR 72032
      View Details
    • Contact for pricing

      Conway Land with I-40 Visibility

      Commercial land with high visibility and easy access.
      1610 Old Morrilton Hwy, Conway, AR 72032
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      719 Front St, Conway, AR 72032
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Conway, Arkansas.
      1040 La Ln Pat's, Conway, AR 72032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    924 Halter Rd
    Conway, AR 72032
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!