Gas Station Property with Highway
For Sale
$360,000
16508 Highway 65 S, Damascus, AR 72039
Existing fuel pumps, an above-ground tank, and a café building remain on the property.
Property Size3,750 SF
Price / SF$96
Days on Market72
Property Features for 16508 Highway 65 S
General Information
Standard status
Active
Size
3,750 SF
Taxes and HOA fees
Annual Taxes
$3,761
Listing Agency:
MVP Real Estate
(501) 459-6871
Listed By:
Misty Varvil
(501) 206-4728
Source:
Exprealty
Added: Aug 5
Changed: Oct 8
Last Checked: Oct 15 at 4:45AM
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 MVP Real Estate
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Investment Insights
Based on property information with market context.
This 3,750-square-foot commercial property in Damascus, Arkansas, occupies 1.46 acres along Highway 65 S. The improvements include a former gas station and café, with existing fuel pumps and an above-ground tank still in place. The property offers a combination of enclosed building area and highway-facing land for a range of commercial configurations. Immediate possession is available.
Key Highlights
- 3,750 SF building on 1.46 acres
- Highway 65 S frontage in Damascus, AR
- Existing fuel pumps remain on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,772
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,440
$455.4K
Cap Rate 7%
$325,314
$325.3K
Cap Rate 9%
$253,022
$253.0K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$37.4K $9.96/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$35.0K $9.34/SF
− OpEx
−$12.3K −$3.27/SF
NOI
$22.8K $6.07/SF
Area
Faulkner County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$455,440
Cap Rate 7%
$325,314
Cap Rate 9%
$253,022
Alternative Uses
Best Use
Specialty Retail
$602.1K
$526.9K – $702.5K
NOI $42,149 @ 7.0% cap · market cap 11.71%
Second Best
Retail
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 10.27%
Theoretical Best
Office A
$855.3K
$748.4K – $997.9K
NOI $59,873 @ 7.0% cap · market cap 16.63%
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
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 72039, AR
2,254
Population
944
Households
2.4
Avg Household Size
40
Median Age
16%
College-Educated
89%
High-School Grad
61.1 sq mi
ZIP Area
37
Density / Sq Mi
$59,018
Median Household Income
$37,792
Median Earnings
$974
Median Rent
$147,200
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Gas station - Existing fuel pumps, an above-ground tank, and a café building remain on the property.
Where is this gas station located?
The property is located at 16508 Highway 65 S Damascus, AR.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: 3,750 SF building on 1.46 acres; Highway 65 S frontage in Damascus, AR; Existing fuel pumps remain on site
