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    Class A Retail Buildings for Lease Title is generated by Realmo AI

    SE Hwy 412 & Willard Street, Springdale, AR 72762

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    For Lease
    $36 SF/Yr $102,000/Mo (calc)

    COMMERCIAL - Springdale, AR

    Type:Retail
    Property size:
    34,000 SF
    Added:
    Jul 10, 2024
    Days on Market:
    697
    Last Refresh:
    Jun 6 at 2:06 pm

    Property Features for SE Hwy 412 & Willard Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    Size
    34,000 SF

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Mason Wood
    Mason Wood

    Listing agent Mason Wood License #SA00094197

    Listing office Colliers International - Branch Office 3503 S 55th St, Suite 200 102, AR

    Listing date Jul 10, 2024

    MLS# 1280946

    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

    • Class A new construction retail buildings, under construction with Year Built 2024
    • 34,000 total SF retail development with 2,000 to 12,000 SF available for lease
    • Highway 412 (W Sunset Ave) frontage with 38,000 cars per day traffic count
    • Pre‑leasing underway with expected delivery of June 2026
    • Potential for drive‑thru and patio concept, with ample well‑lit parking
    • Located slightly east of the I‑49 and Highway 412 intersection in Springdale, AR

    Overview

    New construction Class “A” retail buildings are available for pre-leasing, with multiple suite options ranging from approximately 2,000 to 12,000 square feet within a 34,000-square-foot total development. The project is designed with well-lit parking and offers potential for drive-thru and patio concepts, supporting tenant strategies that benefit from both quick access and outdoor customer space. Expected delivery is June 2026.

    The buildings are positioned on a bustling retail and business corridor along Highway 412 (W Sunset Avenue) with visibility supported by frontage reported at 38,000 cars per day. The site is slightly east of the Interstate 49 and Highway 412 intersection and is described as minutes from Springdale’s Care Corridor, benefiting from nearby dense residential neighborhoods.

    This offering is well-suited for retailers seeking a new, high-quality format in a high-visibility location where customers can access conveniently and parking remains prominent. The range of available sizes also supports both smaller neighborhood-oriented concepts and larger-format tenants planning for storefront presence and customer-focused amenities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Map

    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.169254
    Latitude
    36.174643

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    FAQs

    What type of property is this?
    Shopping center - Pre-leasing new retail suites with major Highway 412 visibility and potential drive-thru or patio layouts.
    Where is this shopping center located?
    The property is located at SE Hwy 412 & Willard Street Springdale, AR.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Class A new construction retail buildings, under construction with Year Built 2024; 34,000 total SF retail development with 2,000 to 12,000 SF available for lease; Highway 412 (W Sunset Ave) frontage with 38,000 cars per day traffic count
    (479) 409-0409
    We can help!
    Listing Contact
    Mason Wood
    Mason Wood
    Real Estate License ID: SA00094197
    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.

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    SE Hwy 412 & Willard Street, Springdale, AR 72762
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