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    16727 Highway 62 Garfield, AR 72732

    For Sale
    $775,683

    High-yield, 5,000 sq ft retail building.

    Property size:
    5,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment property, located at 16727 Highway 62 Unit 2, Garfield, AR, presents a compelling opportunity for discerning investors. The 5,000 square foot retail building sits on a sizable 3-acre lot, boasting over 200 feet of prime Highway 62 frontage. This provides excellent visibility and accessibility for businesses. The property is currently 100% leased under a triple-net (NNN) lease structure, ensuring a consistent income stream. Importantly, new leases commenced in 2025, securing long-term rental income. The building itself underwent a complete remodel in 2023, ensuring modern and attractive spaces for tenants. The property's strategic location on Highway 62, coupled with the substantial lot size, offers significant potential for future expansion or development. The current 9.3% capitalization rate demonstrates the strong financial performance of this investment. This is a turnkey investment opportunity with a proven track record and significant upside potential. The two-tenant building provides diversification and reduced risk, making it an attractive option for investors seeking stable returns. The property's size and location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a high-performing retail property in a desirable location.

    Property Features for 16727 Highway 62

    General Information

    Property type
    Retail properties
    Square Feet
    5,000 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    2017
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Building Supply Auto Repair Shop Hair Salon Storage Facility Toy Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Benton
    State
    Arkansas
    Longitude
    -94.00759
    Latitude
    36.44561

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    FAQs

    What type of property is this?
    Retail property - High-yield, 5,000 sq ft retail building.
    Where is this retail property located?
    The property is located at 16727 Highway 62 Garfield, AR.
    What is the asking price?
    The asking price for this property is $775,683.
    (479) 270-4982
    Request Owner's contact information
    16727 Highway 62 Garfield, AR 72732
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    Garfield, AR 72732
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    Realmo Value Estimation

    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.

    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.

    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
    16727 Highway 62 Garfield, AR 72732
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