Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Progress Avenue Siloam Springs, AR 72761

    View on Map
    Claim this Listing
    Picture of Commercial land at Progress Avenue, Siloam Springs, AR
    For Sale
    $1,000,000

    LAND - Siloam Springs, AR

    Lot size:
    8.84 Acres
    Added:
    Mar 12, 2025
    Days on Market:
    420
    Last Refresh:
    May 5 at 9:06 pm

    Property Features for Progress Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    03-05905-003
    Lot size
    8.84 Acres

    Taxes and HOA fees

    Tax Description
    Sec-Twp-Rng: 33-18-33 D OF L202032385/ REPLAT 6/05/2020 L202032385
    Tax Annual Amount
    29

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Keith Truitt

    Listing agent Keith Truitt License #SA00088464

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

    Listing date Mar 12, 2025

    MLS# 1301003 Listing URL

    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.

    Overview

    Siloam Springs Commercial Land

    This commercial property offers 8.84 acres with 1,102 feet of frontage on Progress Avenue. The site is located next to Siloam Springs High School and across the street from the Siloam Springs Hospital. Nearby are WalMart, Lowe's, and Aldi, along with numerous restaurants, retail spaces, and residential areas. Utilities available to the site include water, sewer, electricity, and gas. The property has easy access to Hwy 412 and Hwy 59. It is currently zoned C-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.510428
    Latitude
    36.191563

    Nearby Similar for Sale

    • $850,000
      6,533 SF

      Historic Siloam Springs Commercial Building

      Unique commercial building with long-term tenants and modern updates.
      506 E Main Street, Siloam Springs, AR 72761
      View Details
    • $850,000
      7,426 SF

      Historic Siloam Springs Investment Opportunity

      Fully leased historic commercial building in Siloam Springs' 5 Points District.
      516 E Main Street, Siloam Springs, AR 72761
      View Details
    • $550,000
      4,347 SF

      Siloam Springs Triplex Investment Opportunity

      Well-maintained triplex with updates near shopping, schools, and hospital.
      2910 Dawn Court, Siloam Springs, AR 72761
      View Details
    • $3,397,600
      33,976 SF

      Historic Downtown Siloam Springs Building

      Versatile building in Siloam Springs' historic downtown.
      305 E Main Street, Siloam Springs, AR 72761
      View Details
    • $595,000

      Siloam Springs Corner Lot

      High-visibility corner lot in a growing area.
      5.09 AC Hwy 16 & E Kenwood Street, Siloam Springs, AR 72761
      View Details
    • $449,000
      2,637 SF

      Siloam Springs Income Property

      Rare, rebuilt 1900s farmhouse with income potential near downtown.
      515 S Washington Street, Siloam Springs, AR 72761
      View Details
    • $650,000

      Siloam Springs Commercial Land

      4.14 acres ideal for retail, hotel, or multi-family.
      N Simon Sager Avenue, Siloam Springs, AR 72761
      View Details
    • $600,000
      4,372 SF

      Victorian Multifamily in Siloam Springs

      Downtown Siloam Springs multifamily investment with value-add potential.
      401 E Twin Springs, Siloam Springs, AR 72761
      View Details
    • $795,000
      6,620 SF

      Historic Building in Downtown Siloam

      Historic building in downtown Siloam Springs, close to parks.
      101 S Broadway Street, Siloam Springs, AR 72761
      View Details
    • $406,000
      2,820 SF

      Siloam Springs Duplex in Ravenwood

      Income-producing duplex in a desirable Siloam Springs neighborhood.
      211 Ravenwood Boulevard, Siloam Springs, AR 72761
      View Details
    • $384,900
      2,497 SF

      Updated Duplex with Two-Car Garages

      Siloam Springs duplex featuring updated units and two-car garages.
      706 Meghan Street, Siloam Springs, AR 72761
      View Details
    • $430,000
      2,456 SF

      Siloam Springs Duplex Investment Opportunity

      Duplex in prime location near downtown and John Brown University.
      517 N Oak Hill Street, Siloam Springs, AR 72761
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.84 acres with frontage on Progress Avenue.
    Where is this commercial land located?
    The property is located at Progress Avenue Siloam Springs, AR.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Excellent Commercial Location: Situated next to Siloam Springs High School and across from Siloam Springs Hospital.; High Traffic Frontage: Boasting 1,102 feet of frontage on Progress Avenue.; Utilities Available: Water, sewer, electricity, and gas are all available.
    (479) 427-7771
    We can help!
    Listing Contact
    Keith Truitt
    Real Estate License ID: SA00088464
    Learn More
    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
    Progress Avenue, 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!