Mixed-Use
For Sale
$499,999
Pending
1224 Huntsville Avenue, Springdale, AR 72764
A three-bedroom residence is paired with a rear building described for light manufacturing use.
Property Size4,609 SF
Days on Market15
Property Features for 1224 Huntsville Avenue
General Information
Standard status
Pending
Size
4,609 SF
Zoning
Multi Family
Additional Details
Mixed-Use Components
residential, industrial
Property Use
Light Manufacturing
Taxes and HOA fees
Annual Taxes
$2,734
Amenities
Wood
true
2
false
Public Records
Central Business District,City Lot
Public
0.82
10
Two Spaces
Storage
Block
Main Thoroughfare
4609
Building Details
Building Size
4,609 SF
Year Built
1949
Buildings
2
Stories
2
Listing Agency:
Keller Williams Market Pro Realty
(479) 782-8911
Listed By:
Monica Baber
Source:
Sagely
Added: Oct 16
Changed: Oct 29
Last Checked: Oct 29 at 2:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Market Pro Realty
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Investment Insights
Based on property information with market context.
Built in 1949, the property combines a three-bedroom main residence with a separate rear building described for light manufacturing. The home has hardwood floors, a deck, and an outdoor kitchen on the patio.
Key Highlights
- 1949‑built main residence with three bedrooms
- Separate rear building described for light manufacturing
- Hardwood floors in the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,079
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,580
$641.6K
Cap Rate 7%
$458,271
$458.3K
Cap Rate 9%
$356,433
$356.4K
Market Conditions
NOI Build-Up for 4,609 SF
Gross rent
$55.3K $12.00/SF
− Vacancy
−$4.0K −$0.86/SF
EGI
$51.3K $11.14/SF
− OpEx
−$19.2K −$4.18/SF
NOI
$32.1K $6.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$641,580
Cap Rate 7%
$458,271
Cap Rate 9%
$356,433
Alternative Uses
Best Use
Mixed Use
$458.3K
$401.0K – $534.7K
NOI $32,079 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$384.9K
$336.8K – $449.1K
NOI $26,946 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,599 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
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Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom residence is paired with a rear building described for light manufacturing use.
Where is this mixed-use property located?
The property is located at 1224 Huntsville Avenue Springdale, AR.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 1949‑built main residence with three bedrooms; Separate rear building described for light manufacturing; Hardwood floors in the residence
