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Property profile & analytics
FOR SALE
Strip malls
985 Carson Cv Conway, AR 72034-4842
Trust Owned
11-yr Hold
Free & Clear
Property ID
US05-0259061
For Sale
1 / 45
$1,200,000
985 Carson Cv, Conway, AR 72034-4842
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1997
Total area
6,480 SF
Lot
0.7 ac (30,579 SF)
APN
710-02271-008
UPID
US05-0259061
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
-
Shimmery Donut Bakery Specialty Food Shop
-
Conner & Sartain PA Accounting Firm Tax Preparation
-
Superior Senior Services Home Health Care Service
-
Boba Love Cafe & Drive-Thru Restaurant
-
Austin Lauren CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$245k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$245k
Owner & transaction history
Pearson Family Trust B · 11 yrs held
Pearson Family Trust B
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
Method
Estimation
Statistic approach
by Request
ML approach
$245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$245k
Range $221k – $270k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$38 / SF
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
$5,167
Tax year 2023
Assessed value
$102,110
Assessed 2023
Previous assessed
$102,110
+0.0% YoY
Effective rate
5.06%
On assessed value
Assessed land
$30,580
Assessed improvement
$71,530
Land market value
$152,900
Improvement market value
$357,650
Total market value
$510,550
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 Sale
Year built
1997
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,480 SF
Lot
0.7 ac (30,579 SF)
APN
710-02271-008
UPID
US05-0259061
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Pearson Family Trust B
Trust
Free & Clear · 11 yrs held
Mailing address
PO BOX 2260, CONWAY, AR 72033-2260
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Conners Carson Cove LLC
—
Deed
related
$14,348 · First Security Bank
Jun 24, 2020
—
Conners Carson Cove LLC
—
Deed
related
$140,000 · First Security Bank
Jun 27, 2017
—
Conner S Carson Cove LLC
—
Deed
related
$40,000 · First Security Bank
May 11, 2016
—
Conners Carson Cove LLC
—
Deed
related
$106,000 · First Security Bank
Feb 19, 2015
—
Pearson Family Trust B
Pearson Family Trust
Quit Claim Deed
related
—
Feb 19, 2015
$567,000
Conner S Carson Cove LLC
Pearson Wyma
Warranty Deed
$114,000 · Simmons First National Bank
Mar 5, 2009
—
Pearson Family Trust
—
Trustees Deed
related
$890,000 · First Security Bank
Sep 13, 2005
$1,025,000
Pearson Family Trust
Hansen Living Trust
Warranty Deed
—
—
—
Pearson Family Trust
—
Loan Modification
related
$890,000 · First Security Bank
—
—
Pearson Family Trust
—
Deed Of Trust
related
$874,268 · First Security Bank
—
—
Pearson Family Trust
—
Deed Of Trust
related
$878,656 · First Security Bank
—
—
Pearson Family Trust
—
Deed Of Trust
related
$889,875 · First Security Bank
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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