Two-Building Office
For Sale
$979,000
101-103 N Broadway St, Siloam Springs, AR 72761
Two downtown office buildings offer flexible suites, parking, updated building systems, and an existing insurance-office tenancy.
Property Size5,600 SF
Price / SF$174.82
Days on Market43
Property Features for 101-103 N Broadway St
General Information
Standard status
Active
Size
5,600 SF
Additional Details
Gross Income
$52,680
Office Units
13
Amenities
conference room
kitchen
restrooms
storage rooms
secure keypad entrance
security light
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Keller Williams Market Pro Realty - Siloam Springs
Listed By:
Cammi Hevener · License #EB00075080
(479) 524-3123
Source:
Thebesthomeprice
Added: Aug 25
Changed: Sep 11
Last Checked: Oct 6 at 12:17AM
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 - Siloam Springs
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling 5,600 square feet at 101-103 N Broadway St. The 101 building contains 4,400 square feet with 12 office spaces, a conference room, kitchen, two restrooms, storage rooms, and secured keypad entry. Front and rear entrances serve the building, with parking positioned along the side, front, and rear, including private rear parking areas. The property has recently been used for office space and a recording studio.
The 103 building is occupied by an insurance office and has undergone recent updating. Property improvements completed in 2025 include TPO roofing, a new heat and air unit, and exterior paint. The buildings are located in downtown Siloam Springs and have been maintained for ongoing office use.
The 103 building is occupied by an insurance office and has undergone recent updating. Property improvements completed in 2025 include TPO roofing, a new heat and air unit, and exterior paint. The buildings are located in downtown Siloam Springs and have been maintained for ongoing office use.
Key Highlights
- Two office buildings totaling 5,600 square feet
- 101 N Broadway includes 12 office spaces, conference room, kitchen, 2 restrooms, and storage
- 103 N Broadway is leased to an insurance office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,900
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,000
$1.7M
Cap Rate 7%
$1,241,429
$1.2M
Cap Rate 9%
$965,556
$965.6K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$124.3K $22.20/SF
− Vacancy
−$8.5K −$1.51/SF
EGI
$115.9K $20.69/SF
− OpEx
−$29.0K −$5.17/SF
NOI
$86.9K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,738,000
Cap Rate 7%
$1,241,429
Cap Rate 9%
$965,556
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
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
NOI $107,724 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 72761, AR
23,731
Population
9,101
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
86%
High-School Grad
114.1 sq mi
ZIP Area
208
Density / Sq Mi
$69,620
Median Household Income
$35,724
Median Earnings
$936
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two downtown office buildings offer flexible suites, parking, updated building systems, and an existing insurance-office tenancy.
Where is this office building located?
The property is located at 101-103 N Broadway St 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 office buildings totaling 5,600 square feet; 101 N Broadway includes 12 office spaces, conference room, kitchen, 2 restrooms, and storage; 103 N Broadway is leased to an insurance office
