Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    15423 US Hwy 62 Garfield, AR 72732

    View on Map
    Claim this Listing
    New
    For Lease
    $12 SF/Yr $7,000/Mo (calc)

    COMMERCIAL - Garfield, AR

    Property size:
    7,000 SF
    Lot size:
    2.68 Acres
    Added:
    May 1, 2026
    Days on Market:
    7
    Last Refresh:
    May 7 at 4:06 am

    Property Features for 15423 US Hwy 62

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Property condition
    Under Construction
    Exterior features
    Storage
    Standard status
    Active
    Size
    7,000 SF
    Lot size
    2.68 Acres

    Taxes and HOA fees

    Expense value
    7000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    2026
    Floors in Building
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Matt Ahart

    Listing agent Matt Ahart License #PB00078038

    Listing office E & S Properties 400 W New Hope Rd Ste 200, Rogers, AR

    Listing date May 1, 2026

    MLS# 1344919

    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

    • New construction built in 2026
    • Versatile flex space to suit your business needs
    • High traffic location with almost 30,000 vehicles per day
    • Major road frontage on Hwy 62
    • Located in Garfield, AR
    • Exterior storage available

    Overview

    New Construction Flex Space

    This new construction flex space is located along Hwy 62 in Garfield, Arkansas. The property has major road frontage with almost 30,000 vehicles per day. The lot size is 2.68 acres and the property size is 7,000 square feet. The property is located in Benton County, with a postal code of 72732.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Garfield
    County
    Benton
    State
    Arkansas
    Longitude
    -93.9523
    Latitude
    36.4258

    Nearby Similar for Lease

    • $6 SF/Yr

      Wedding Venue, Hotel, Restaurant Opportunity

      Unique venue with hotel rooms and restaurant in Garfield, AR.
      12483 Lodge Drive, Garfield, AR 72732
      View Details
    • $13 SF/Yr

      Retail Space on Highway 62

      Highly visible retail opportunity in Garfield, Arkansas, near Rogers.
      16727 Highway 62, Garfield, AR 72732
      View Details
    • $5 SF/Yr

      Versatile Commercial Space for Rent

      Adaptable commercial property suitable for various business needs.
      12483 Lodge Drive, Garfield, AR 72732
      View Details
    • Contact for pricing

      Event Venue with Hotel Rooms

      Unique venue with hotel, restaurant, and event space.
      12483 Lodge Dr, Garfield, AR 72732
      View Details

    FAQs

    What type of property is this?
    Flex space - New construction flex space along Hwy 62 in Garfield, AR.
    Where is this flex space located?
    The property is located at 15423 US Hwy 62 Garfield, AR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: New construction built in 2026; Versatile flex space to suit your business needs; High traffic location with almost 30,000 vehicles per day
    (479) 366-7870
    We can help!
    Listing Contact
    Matt Ahart
    Real Estate License ID: PB00078038
    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
    15423 US Hwy 62, Garfield, AR 72732
    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!