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    Thriving Business on Highway Frontage Title is generated by Realmo AI

    789 N Highway 59, Sulphur Springs, AR 72768

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    Claim this Listing
    For Sale
    $789,000

    SINGLE_FAMILY - Sulphur Springs, AR

    Type:Retail
    Property size:
    10,193 SF
    Lot size:
    1.15 Acres
    Price / SF:
    $77/SF
    Added:
    Nov 11, 2025
    Days on Market:
    180
    Last Refresh:
    May 10 at 3:06 pm

    Property Features for 789 N Highway 59

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking features
    Parking Lot
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    14-00024-000
    Size
    10,193 SF
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Description
    PART OF THE NE1/4 OF THE NW1/4 OF SECTION 23, TOWNSHIP 21 NORTH, RANGE 33 WEST, BENTON COUNTY, ARKANSAS,
    Tax Annual Amount
    2626

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Steve Mansfield

    Listing agent Steve Mansfield License #EB00052807

    Listing office Coldwell Banker Harris McHaney & Faucette-Rogers 809 S 52nd Street, Rogers, AR

    Listing date Nov 11, 2025

    MLS# 1328172

    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

    • Thriving business with consistent income and growth potential.
    • Exceptional Hwy 59 frontage with excellent visibility and access.
    • 10,000 sq ft commercial building on over an acre with ample parking.
    • Currently operating as a fully rented flea market with a wait list.
    • Strong tenant base and proven performance.
    • Turn‑key investment opportunity with strong cash flow.

    Overview

    This commercial property features a 10,193 square foot building situated on 1.15 acres. The property benefits from frontage on Highway 59, offering excellent visibility and access. Currently, the property operates as a fully rented flea market, generating steady income with a consistent wait list. This turn-key investment has room for continued growth. The business is well-established and profitable, drawing steady local and highway traffic. The property has ample parking. The property offers an ideal combination of stability and future potential. The property is located in Sulphur Springs, Arkansas, in Benton County. The property's strong tenant base, proven performance, and valuable highway exposure make it a standout opportunity in a growing Northwest Arkansas market. The possibilities are endless, whether continuing the successful flea market operation or bringing your own commercial vision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Sulphur Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.448913
    Latitude
    36.474435

    FAQs

    What type of property is this?
    Retail space - Profitable flea market business and property on over an acre.
    Where is this retail space located?
    The property is located at 789 N Highway 59 Sulphur Springs, AR.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: Thriving business with consistent income and growth potential.; Exceptional Hwy 59 frontage with excellent visibility and access.; 10,000 sq ft commercial building on over an acre with ample parking.
    (479) 871-2664
    We can help!
    Listing Contact
    Steve Mansfield
    Real Estate License ID: EB00052807
    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.

    More about this property
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