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    637 Highway 365 Mayflower, AR 72106

    Sponsored
    For Sale
    $200,000

    Traditional, Building and Land - Mayflower, AR

    Property size:
    1,200 SF
    Lot size:
    0.10 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 28 at 4:06 am

    Property Features for 637 Highway 365

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    D1 and C1
    APN
    760-00443-002C /760-00443-001C
    Parking
    2
    Interior features
    Insulated Windows, Insulated Doors, Kitchen Area
    Exterior features
    Partially Fenced
    Fencing
    Fenced, Partial
    Size
    1,200 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1986
    Floors in Building
    1
    Flooring type
    Concrete, Vinyl
    Building materials
    Block, Vinyl Siding
    Roof type
    Composition, Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Kara Kellerman
    Kara Kellerman

    Coldwell Banker RPM (501) 916-8223

    Listing agent Kara Kellerman (501) 851-8282

    Listing date Feb 27, 2026

    MLS# 26007704 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway Frontage Commercial Office Buildings

    Two commercial office buildings front Highway 365, with Interstate 40 directly behind, offering local visibility and major interstate exposure. Previously leased as a daycare and an insurance office, these properties are suited for various small business uses, including professional services, boutique retail, contractor offices, salon/spa, medical, or for investors wanting income-producing office rentals. The properties feature highway frontage, excellent visibility and accessibility, a kitchenette, a full bathroom, and central heating and air. The white office building is 1200 square feet and features laundry hookups, a refrigerator, and an additional private office. The green office building is 800 square feet. Approximately 76,000 vehicles per day pass through Mayflower via I-40, with 16% being truck traffic. An average of 9,400 vehicles pass through Mayflower via Highway 365. The lot size is 0.1 acres. Zoning is D1 and C1. Tax amount is for both properties combined and sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mayflower
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.423029
    Latitude
    34.957169

    Nearby Similar for Sale

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      Prime Mayflower Commercial Land

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    • $399,900
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      Prime Mayflower Highway Commercial Land

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    FAQs

    What type of property is this?
    Office building - Two commercial buildings suitable for various business uses.
    Where is this office building located?
    The property is located at 637 Highway 365 Mayflower, AR.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - High visibility location with frontage on Highway 365 and exposure to Interstate 40 (I-40).; - Two commercial office buildings included in the sale, offering flexibility for various uses.; - Suitable for owner-occupancy, leasing, or investment purposes.
    (501) 804-5272
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    637 Highway 365 Mayflower, AR 72106
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    Mayflower, AR 72106
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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.

    More about this property
    637 Highway 365 Mayflower, AR 72106
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    We can help!
    Listing Contact
    Kara Kellerman
    Kara Kellerman
    (501) 804-5272 (501) 851-8282 (501) 916-8247
    Learn more
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