Mixed-Use Property with Rear
For Sale
$499,999
Pending
1224 Huntsville Avenue, Springdale, AR 72764
COMMERCIAL - Springdale, AR
Property Size4,609 SF
Lot Size0.82 Acres
Days on Market1219
Property Features for 1224 Huntsville Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi Family
Parking
10
Security features
Security
Exterior features
Storage
Appliances
GasWaterHeater
Lot features
Central Business District, City Lot
Directions
Located between Highway 71B and I-49- Huntsville road by Springdale High School
Standard status
Pending
APN
815-28061-000
Size
4,609 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Description
A PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION THIRTY-FIVE,
Tax Annual Amount
2734
Legal Description
A PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION THIRTY-FIVE,
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
Hardwood floors
Deck
Outdoor Kitchen on Patio
Building Details
Year built
1949
Floors in Building
2
Flooring type
Wood
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Keller Williams Market Pro Realty · Keller Williams Realty
(479) 718-2800
Listed By:
Mel Reed · License #EB00055975
(479) 957-3307
Added: Apr 19, 2023
Changed: Aug 19
Last Checked: Aug 19 at 12:06PM
MLS# 1244011
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 4,609-square-foot improvement on 0.82 acres, with a 1949 main residence and a separate rear building. The house contains three bedrooms, wood flooring, a deck, and an outdoor kitchen on the patio. Central heating and central air support the interior, while a shingle roof, storage area, gas water heater, public water, and public sewer are also present.
The property carries Commercial/Multi-Family/Residential zoning. The rear structure is identified for light manufacturing, office use, pet grooming, medical office, counseling, retail, and multifamily applications. Its combination of residential and secondary-building space supports a range of configurations within the existing improvements.
The property carries Commercial/Multi-Family/Residential zoning. The rear structure is identified for light manufacturing, office use, pet grooming, medical office, counseling, retail, and multifamily applications. Its combination of residential and secondary-building space supports a range of configurations within the existing improvements.
Key Highlights
- 4,609‑square‑foot property on 0.82 acres
- Commercial/Multi‑Family/Residential zoning
- 1949 main residence with three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$641,580
Cap Rate 7%
$458,271
Cap Rate 9%
$356,433
Alternative Uses
Best Use
Office B
$994.1K
$869.9K – $1.16M
NOI $69,589 @ 7.0% cap · market cap 13.92%
Second Best
Mixed Use
$458.3K
$401.0K – $534.7K
NOI $32,079 @ 7.0% cap · market cap 6.42%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic residence and separate rear building offer a varied commercial configuration.
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: 4,609‑square‑foot property on 0.82 acres; Commercial/Multi‑Family/Residential zoning; 1949 main residence with three bedrooms
