Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Historic Commercial Space Available Title is generated by Realmo AI

    708 S Mount Olive Street, Siloam Springs, AR 72761

    View on Map
    Claim this Listing
    For Lease
    $15 SF/Yr $1,645/Mo (calc)

    COMMERCIAL - Siloam Springs, AR

    Type:Office
    Property size:
    1,316 SF
    Lot size:
    0.21 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    77
    Last Refresh:
    May 27 at 9:06 pm

    Property Features for 708 S Mount Olive Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    1,316 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1890
    Expense value
    1650
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1904
    Floors in Building
    2

    We can help!

    Listing Contact
    Cammi Hevener
    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 Mar 12, 2026

    MLS# 1339111

    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 location on a busy street.
    • Recently remodeled historic building (built around 1904).
    • Flexible lease options: entire space or per office.
    • Includes 3 private offices, 2 common areas, 2 full bathrooms, and a kitchen/break area.
    • All utilities included (water, sewer, trash, electricity, natural gas, high‑speed internet) for approximately $200/month.
    • Suitable for a variety of professional uses (insurance, legal, medical, salon, etc.).

    Overview

    This historic commercial space, originally built around 1904 and recently remodeled, is available for lease at 708 S. Mt. Olive St. in Siloam Springs. The 1,316 sq ft space features 3 private offices, 2 common areas suitable as reception or waiting areas, 2 full bathrooms, and a kitchen/break area. It is ideally suited for professional uses such as insurance, legal, accounting, medical/eye care, salon, or other office services. The property is located in a high-visibility location on one of Siloam Springs' busiest streets. The monthly utilities, which include water, sewer, trash, electricity, natural gas, and business high-speed internet, are approximately $200 per month and are prorated annually. The lot size is 0.21 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    C. ED Lunsford ... Insurance Agency Broadway Screen Printing (Bike/Boat/Book/etc) Store Broadway Screen Ptg ... Production Facility Ember Dreemur Counselor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.541722
    Latitude
    36.178794

    Nearby Similar for Lease

    • $21 SF/Yr
      400 SF

      Modern Office Space in Siloam

      New 400 SF office space with private restroom.
      1100 E Kenwood Street, Siloam Springs, AR 72761
      View Details
    • $9 SF/Yr
      3,250 SF

      Siloam Springs Retail/Office Space

      Versatile 3,250 SF space in Highland Park Shopping Center.
      1011 S Mount Olive, Siloam Springs, AR 72761
      View Details
    • $12 SF/Yr
      1,266 SF

      Siloam Springs Retail/Office Space

      Prime retail/office space in high-traffic Siloam Springs, Arkansas.
      1270 Hwy 412 W Suite G, Siloam Springs, AR 72761
      View Details
    • $5 SF/Yr
      60,000 SF

      Siloam Springs Industrial Lease Opportunity

      60,000 SF industrial space for lease in Siloam Springs.
      1024 Jefferson Street, Siloam Springs, AR 72761
      View Details
    • $18 SF/Yr
      1,075 SF

      Siloam Springs Retail Space Available

      Prime retail space in high-traffic area near national retailers.
      1123 US-412, Siloam Springs, AR 72761
      View Details
    • $18 SF/Yr
      1,000 SF

      Siloam Springs Retail Space Available

      Prime retail space in high-traffic area near national retailers.
      1121 US-412, Siloam Springs, AR 72761
      View Details
    • $12 SF/Yr
      1,850 SF

      Siloam Springs Retail/Office Space

      Retail/office space with high visibility and accessibility on US-412.
      1245 US-412 Highway, Siloam Springs, AR 72761
      View Details
    • $18 SF/Yr
      2,075 SF

      Siloam Springs Retail Space Available

      Prime retail space in high-traffic area near national retailers.
      1123 US-412, Siloam Springs, AR 72761
      View Details
    • $17 SF/Yr
      1,350 SF

      Retail Space on Highway 412

      Highly visible retail space with high traffic and easy access.
      1223 US-412, Siloam Springs, AR 72761
      View Details
    • $11 SF/Yr
      972 SF

      Siloam Springs Office Space For Rent

      972 SF office space with excellent visibility and accessibility.
      885 Dogwood Street, Siloam Springs, AR 72761
      View Details
    • $11 SF/Yr
      2,100 SF

      Siloam Springs Commercial Space

      Versatile commercial space in established Siloam Springs corridor.
      1706 Southpointe, Siloam Springs, AR 72761
      View Details
    • $11 SF/Yr
      1,266 SF

      Siloam Springs Retail Space Available

      Retail space for lease on Highway 412 in Siloam Springs.
      1270 Hwy 412 West Suite G, Siloam Springs, AR 72761
      View Details

    FAQs

    What type of property is this?
    Office units - Historic, remodeled commercial space ideal for professional office use.
    Where is this office units located?
    The property is located at 708 S Mount Olive Street Siloam Springs, AR.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on a busy street.; Recently remodeled historic building (built around 1904).; Flexible lease options: entire space or per office.
    (479) 427-0240
    We can help!
    Listing Contact
    Cammi Hevener
    Cammi Hevener
    Real Estate License ID: EB00075080
    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
    708 S Mount Olive Street, Siloam Springs, AR 72761
    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!