4083 Shiloh DrFayetteville, AR 72703

For Sale
$2,400,000 View listing
  • 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
4083 Shiloh Dr, Fayetteville, Arkansas

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

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
2024
$13,768
$73,500
$251,930
$325,430
-
$367,500
$1,259,650
$1,627,150

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