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    Downtown Siloam Springs Office Buildings Title is generated by Realmo AI

    101-103 N Broadway Street, Siloam Springs, AR 72761

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    For Lease
    $11 SF/Yr $5,133/Mo (calc)

    COMMERCIAL - Siloam Springs, AR

    Type:Office
    Property size:
    5,600 SF
    Lot size:
    0.17 Acres
    Added:
    Dec 31, 2023
    Days on Market:
    873
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 101-103 N Broadway Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    5,600 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4869
    Expense value
    5000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    We can help!

    Listing Contact
    Cammi Hevener

    Listing agent Cammi Hevener License #EB00075080

    Listing office Keller Williams Market Pro Realty - Siloam Springs 112 W Tulsa St, Fayetteville, AR

    Listing date Dec 31, 2023

    MLS# 1263752

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two buildings in downtown Siloam Springs.
    • 101 N Broadway: Features multiple office spaces (12), conference room, kitchen, 2 restrooms, and storage.
    • Ample parking: side, front, and private parking in back for both buildings.
    • 101 N Broadway: New roof (2023) and fresh exterior paint (2023).
    • 103 N Broadway: Tenant‑occupied with a long‑term lease agreement.
    • 101 N Broadway: Secure keypad entrance.

    Overview

    Two buildings are available for lease or purchase in downtown Siloam Springs. The property at 101 N Broadway is situated on a corner lot and includes parking on the side, front, and rear, including private parking areas in the back. The building offers multiple office spaces (12), a conference room, a kitchen, two restrooms, and additional storage rooms. It features a new roof installed in 2023 and an exterior that was painted in 2023. The entryway includes a secure keypad entrance. The building has been well maintained and was recently used as office spaces and a recording studio. This building provides 4400 square feet and has a front entrance and a back door entrance with a security light at the back exit. The building at 103 N Broadway is currently tenant-leased as an insurance office and has had some recent updates. The tenant has had a lease agreement for several years and intends to stay, if possible. Both buildings have front and back entrances/exits and private parking in the back. The combined lot size is 0.17 acres, and the total property size is 5600 square feet. The properties are located on Main Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.540359
    Latitude
    36.185328

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    FAQs

    What type of property is this?
    Office building - Two commercial buildings for lease or purchase in downtown.
    Where is this office building located?
    The property is located at 101-103 N Broadway Street Siloam Springs, AR.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Two buildings in downtown Siloam Springs.; 101 N Broadway: Features multiple office spaces (12), conference room, kitchen, 2 restrooms, and storage.; Ample parking: side, front, and private parking in back for both buildings.
    (479) 427-0240
    We can help!
    Listing Contact
    Cammi Hevener
    Real Estate License ID: EB00075080
    Learn More
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    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.

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