Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space on Highway 62 Title is generated by Realmo AI

    16727 Highway 62, Garfield, AR 72732

    View on Map
    Claim this Listing
    For Lease
    $13 SF/Yr $2,166/Mo (calc)

    COMMERCIAL - Garfield, AR

    Type:Retail
    Property size:
    2,000 SF
    Lot size:
    3.00 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 16727 Highway 62

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Size
    2,000 SF
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4183
    Expense value
    2100
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2017

    We can help!

    Listing Contact
    Paul Esterer

    Listing agent Paul Esterer License #EB00052591

    Listing office Moses Tucker Partners-Bentonville Branch 805 S Walton Blvd. Ste 123, Bentonville, AR

    Listing date Apr 22, 2026

    MLS# 1343919

    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

    • High visibility retail space on Hwy 62 with 14,000+ vehicles per day.
    • Two flexible +/-1,000 SF suites suitable for retail, service, office, or convenience uses.
    • Excellent signage exposure on Hwy 62.
    • Strong east‑west connectivity linking Northwest Arkansas to Southwest Missouri.
    • Convenient location less than 7 miles from the Arkansas/Missouri border.
    • Located within easy reach of Rogers (8.5 miles) and Pea Ridge (7.3 miles).

    Overview

    This commercial property offers a highly visible retail opportunity along Highway 62, providing strong east-west connectivity between Northwest Arkansas and Southwest Missouri. The property features two flexible suites, each approximately 1,000 square feet, suitable for retail, service, office, or neighborhood convenience purposes. Excellent signage exposure is available on Highway 62, which sees traffic counts exceeding 14,000 vehicles per day. The location is conveniently situated less than 7 miles from the Arkansas/Missouri border and within easy reach of Rogers (8.5 miles) and Pea Ridge (7.3 miles). The property size is 2,000 square feet and the lot size is 3 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Auto Repair Shop Hair Salon Storage Facility (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Benton
    State
    Arkansas
    Longitude
    -94.00757
    Latitude
    36.445363

    Nearby Similar for Lease

    • $6 SF/Yr
      18,252 SF

      Wedding Venue, Hotel, Restaurant Opportunity

      Unique venue with hotel rooms and restaurant in Garfield, AR.
      12483 Lodge Drive, Garfield, AR 72732
      View Details
    • $12 SF/Yr
      7,000 SF

      New Construction Flex Space

      New construction flex space along Hwy 62 in Garfield, AR.
      15423 US Hwy 62, Garfield, AR 72732
      View Details
    • $5 SF/Yr
      18,252 SF

      Versatile Commercial Space for Rent

      Adaptable commercial property suitable for various business needs.
      12483 Lodge Drive, Garfield, AR 72732
      View Details
    • Contact for pricing

      Event Venue with Hotel Rooms

      Unique venue with hotel, restaurant, and event space.
      12483 Lodge Dr, Garfield, AR 72732
      View Details

    FAQs

    What type of property is this?
    Retail space - Highly visible retail opportunity in Garfield, Arkansas, near Rogers.
    Where is this retail space located?
    The property is located at 16727 Highway 62 Garfield, AR.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: High visibility retail space on Hwy 62 with 14,000+ vehicles per day.; Two flexible +/-1,000 SF suites suitable for retail, service, office, or convenience uses.; Excellent signage exposure on Hwy 62.
    (479) 685-6612
    We can help!
    Listing Contact
    Paul Esterer
    Real Estate License ID: EB00052591
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    16727 Highway 62, Garfield, AR 72732
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!