Gas Station with Highway
For Sale
$360,000
16508 S 65 Highway, Damascus, AR 72039
Commercial / Industrial, Damascus, AR
Property Size3,750 SF
Lot Size1.46 Acres
Price / SF$96
Days on Market53
Property Features for 16508 S 65 Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
Hwy 65 S in Damascus, 1.6 miles N of Amigo Loco, property will be on your left.
Subdivision
Van Buren County
Standard status
Active
Size
3,750 SF
Lot size
1.46 Acres
Taxes and HOA fees
Tax Description
PT SE NE 32-09-13
Tax Annual Amount
3761
Legal Description
PT SE NE 32-09-13
Building Details
Year built
2004
Floors in Building
1
Listing Agency:
MVP Real Estate
(501) 459-6871
Listed By:
Misty Varvil
(501) 206-4728
Added: Aug 5
Changed: Sep 6
Last Checked: Sep 26 at 12:06PM
MLS# 26031793
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 3,750-square-foot commercial property includes a building constructed in 2004, an above-ground fuel tank, and existing gas pumps. The former gas station and cafe configuration offers space suited to workshop, storage, or specialized indoor agriculture applications, subject to applicable requirements. Immediate possession is available.
The property occupies 1.46 acres along Highway 65 in Damascus, Arkansas, providing highway frontage for a range of commercial operations. Its combination of an existing building, fuel infrastructure, and sizable site supports multiple business concepts without requiring a ground-up development approach.
The property occupies 1.46 acres along Highway 65 in Damascus, Arkansas, providing highway frontage for a range of commercial operations. Its combination of an existing building, fuel infrastructure, and sizable site supports multiple business concepts without requiring a ground-up development approach.
Key Highlights
- 3,750‑square‑foot commercial building constructed in 2004
- 1.46‑acre property along Highway 65
- Existing gas pumps and above‑ground fuel tank
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
$22,772
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
6.33%
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%
$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
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
$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 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%
$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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
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
Market
Vacancy Rate% for Industrial 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?
Gas station - Freestanding commercial building with existing fuel pumps, an above-ground tank, and flexible workshop or storage potential.
Where is this gas station located?
The property is located at 16508 S 65 Highway 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‑square‑foot commercial building constructed in 2004; 1.46‑acre property along Highway 65; Existing gas pumps and above‑ground fuel tank
