4083 Shiloh DrFayetteville, AR 72703
- Retail space
- 12,968 SF
Property Details for 4083 Shiloh Dr
- Year built
- 1982
- Lot size
- 1.05 AC
- Property size (Sq ft)
- 12,968 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 765-15602-000
- APU
- 76515602000
Description
This exceptional 12,700 square foot commercial building sits on a 1.05-acre lot in Fayetteville, Arkansas's thriving mall area. Currently generating significant income, this investment property presents a remarkable opportunity for substantial returns. The building comprises multiple suites, with several currently leased well below market rates, offering immediate potential for increased rental income. A complete lease-up at $19 per square foot annually would more than double the current cash flow. Suites 1 and 2 are owner-occupied and will be vacated in early Summer 2025, further enhancing future income potential. All other suites are leased on a triple net (NNN) basis, except for one 500 square foot unit. The property benefits from a $60,000 annual tax deduction resulting from a church lease agreement encompassing units 3-5. Recent upgrades include a newer roof and HVAC system, reflecting ongoing maintenance and improvements. The building's prime location and strong tenant base make this a compelling investment prospect with significant upside potential. The property is currently generating substantial cash flow, and the opportunity to increase rental rates and fully occupy the building offers a clear path to significantly enhanced profitability. Please note: Do not disturb tenants.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,661,753
- 6.5%
- $1,533,926
- 7%
- $1,424,360
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,337,554
- Geo Method
- $2,337,554
-
Alternative Use
- Use
- Valuation
- Residential
- $1,293,924
- Hospitality
- $1,185,228
- Educational
- $986,095
- Medical
- $1,020,009
- Retail
- $1,533,926
Location Insight
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Latitude
- 36.1251
- Longitude
- -94.1466
- CBSA code
- 22220
- CBSA name
- FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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