Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Siloam Springs Office Buildings Title is generated by Realmo AI

    101-103 N Broadway Street, Siloam Springs, AR 72761

    View on Map
    Claim this Listing
    For Sale
    $979,000

    SINGLE_FAMILY - Siloam Springs, AR

    Type:Office
    Property size:
    5,600 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $174/SF
    Added:
    Dec 7, 2023
    Days on Market:
    897
    Last Refresh:
    May 22 at 12:06 am

    Property Features for 101-103 N Broadway Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Security features
    Security
    Interior features
    WiredForSound
    Appliances
    ElectricWaterHeater, WaterHeater
    Standard status
    Active
    APN
    03-00817-000
    Size
    5,600 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    Siloam Springs ORIG
    Tax Annual Amount
    4869

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Flooring type
    Tile, Laminate, Carpet, Simulatedwood
    Building materials
    Brick, Stucco
    Roof type
    Shingle

    We can help!

    Listing Contact
    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 Dec 7, 2023

    MLS# 1262648

    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

    • Two buildings in downtown Siloam Springs.
    • $4,390 current monthly rental income from 101/103 N Broadway.
    • $285,000 in recent upgrades including new TPO roof, shingles, HVAC units, and exterior paint (all in 2025).
    • 101 N Broadway: 4400 sq ft building with 12 office spaces, conference room, kitchen, 2 restrooms, and storage.
    • 101 N Broadway: Corner lot with ample parking (side, front, and back).
    • 101 N Broadway: Secure keypad entrance for tenants/owners.

    Overview

    Two buildings are available in downtown Siloam Springs. Recent upgrades totaling $285,000 include a new TPO roof, shingles, HVAC units, and exterior paint. One building, located at 101 N Broadway, sits on a corner lot with parking on the side, front, and back, including private parking areas in the back. This 4400 square foot building features multiple office spaces (12), a conference room, a kitchen, two restrooms, and additional storage rooms. It has a secure keypad entrance for tenants and owners, a front entrance, and a back door entrance with a security light at the back exit. It has been very well maintained and recently used as office spaces and a recording studio. The building at 103 N Broadway is currently tenant-leased as an insurance office and has had some recent updating. The current monthly rent for 101/103 is $4,390. The property has new roofs and a new heat/air unit as of 2025. The lot size is 0.17 acres. The total property size is 5600 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $965.6K
    NOI $86,900 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.24M
    NOI $86,900 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.74M
    NOI $86,900 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $124.3k $22.20
    − Vacancy −$8.5k −$1.51
    EGI $115.9k $20.69
    − OpEx −$29.0k −$5.17
    NOI $86.9k $15.52
    5,600 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $1.24M
    $1.09M – $1.45M (±1% cap)
    NOI $86,900 @ 7.0% cap · market cap 8.88%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.54M
    $1.35M – $1.80M (±1% cap)
    NOI $107,724 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.540305
    Latitude
    36.185256

    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
    • $310,000
      3,029 SF

      Siloam Springs Multifamily Investment Opportunity

      Four-unit property in Siloam Springs with income potential.
      622 S Wright 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
    • $249,000
      2,184 SF

      Retail Space in Growing Community

      Retail space with living quarters in Siloam Springs, Arkansas.
      712 Mount Olive Street, 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
    • $439,000
      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
    • $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
    • $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
    • $384,900
      2,497 SF

      Updated Duplex with Two-Car Garages

      Rare investment opportunity: updated duplex with garages and modern amenities.
      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
    • $735,000
      8,252 SF

      Development-Ready Site on Highway 412

      Turn-key site with city-approved plans and high traffic exposure.
      -- Highway 412, E Kenwood, Siloam Springs, AR 72761
      View Details

    FAQs

    What type of property is this?
    Office building - Two well-maintained buildings with recent upgrades and tenant leases.
    Where is this office building located?
    The property is located at 101-103 N Broadway Street Siloam Springs, AR.
    What is the asking price?
    The asking price for this property is $979,000.
    What are key features of this property?
    This property features: Two buildings in downtown Siloam Springs.; $4,390 current monthly rental income from 101/103 N Broadway.; **$285,000 in recent upgrades including new TPO roof, shingles, HVAC units, and exterior paint (all in 2025).**
    (479) 427-0240
    We can help!
    Listing Contact
    Cammi Hevener
    Real Estate License ID: EB00075080
    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
    101-103 N Broadway 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!