711 Mount Olive StSiloam Springs, AR 72761

Property Details for 711 Mount Olive St

Property size (Sq ft)

408 SF

Property type

Office buildings

APN

03-02215-003

APU

302215003

Description

This exceptional investment opportunity presents a fully leased, 1,625-square-foot Class B office building situated at 711 S Mt. Olive St in Siloam Springs, Arkansas. The property, encompassing a 0.17-acre lot, features two suites currently occupied by long-term tenants under a modified gross lease. The building boasts expansive windows providing ample natural light, welcoming reception areas, generously sized offices, and three restrooms, one equipped with a shower. With six parking spaces available, this single-story building offers convenient access for tenants and visitors. Located on Mt. Olive Street, experiencing approximately 5,600 vehicles per day, and just half a mile from Highway 412, this property benefits from excellent visibility and convenient access to the broader Northwest Arkansas region. The asking price is $380,000, translating to $233.85 per square foot. The property's zoning is commercial, and its APN is 03-02215-002. This presents a strong value-add opportunity with potential for increased return through lease restructuring to a net-net-net (NNN) arrangement. The property's strong tenancy and prime location make it an attractive investment for discerning buyers seeking a stable, income-generating asset in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $35,566

  6.5%

  $32,830

  7%

  $30,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $29,184

  Geo Method

  $29,184

• Alternative Use

  Use

  Valuation

  Residential

  $40,710

  Hospitality

  $37,290

  Educational

  $31,025

  Medical

  $32,092

  Retail

  $48,260

Location Insight

City

Siloam Springs

County

Benton

State

Arkansas

Latitude

36.1787

Longitude

-94.541

CBSA code

22220

CBSA name

FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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