Gas Station with Highway
16508 S 65 Highway, Damascus, AR 72039
For Sale
$360,000
Under Contract
Commercial / Industrial, Damascus, AR
Property Size3,750 SF
Lot Size1.46 Acres
Price / SF$96
Days on Market98
Property Features for 16508 S 65 Highway
General Information
Property type
Property subtype
Parking
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Listing Agency:
MVP Real Estate
(501) 459-6871
Listed By:
Misty Varvil
(501) 206-4728
Added: Aug 5
Changed: Oct 7
Last Checked: Nov 10 at 6:06PM
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.
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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 / 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.
How Realmo checks its estimates
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
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
