Highway Retail
For Sale
$695,000
16727 Highway 62, Garfield, AR 72732
COMMERCIAL - Garfield, AR
Property Size5,000 SF
Lot Size3.00 Acres
Price / SF$139
Days on Market52
Property Features for 16727 Highway 62
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Directions
Located directly off Hwy 62 in Garfield
Standard status
Active
APN
09-00170-003
Size
5,000 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Description
PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 36, T-21-N, R-29-W, BENTON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT BEING USED AS THE QUARTER CORNER SECTION'S 31 AND 36; THENCE SOUTH 01*38
Tax Annual Amount
4183
Legal Description
PART OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 36, T-21-N, R-29-W, BENTON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT A POINT BEING USED AS THE QUARTER CORNER SECTION'S 31 AND 36; THENCE SOUTH 01*38
Building Details
Year built
2017
Listing Agency:
Moses Tucker Partners-Bentonville Branch
(479) 271-6118
Listed By:
Paul Esterer · License #EB00052591
(479) 685-6612
Added: Jun 30
Changed: Aug 19
Last Checked: Aug 20 at 4:06AM
MLS# 1353864
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.
Investment Insights
Based on property information with market context.
This retail property includes a 5,000-square-foot building completed in 2017 and situated on 3 acres. The asset is located along Highway 62 in Garfield, providing a commercial setting within Benton County and the broader Northwest Arkansas region.
The property is less than 7 miles from the Arkansas/Missouri border, with Rogers approximately 8.5 miles away and Pea Ridge approximately 7.3 miles away. Highway 62 provides an east-west connection between Northwest Arkansas and Southwest Missouri, placing the building within reach of multiple regional communities.
The property is less than 7 miles from the Arkansas/Missouri border, with Rogers approximately 8.5 miles away and Pea Ridge approximately 7.3 miles away. Highway 62 provides an east-west connection between Northwest Arkansas and Southwest Missouri, placing the building within reach of multiple regional communities.
Key Highlights
- 5,000‑square‑foot retail building completed in 2017
- 3‑acre property along Highway 62
- Less than 7 miles from the Arkansas/Missouri border
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
$56,881
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
8.18%
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%
$1,137,620
$1.1M
Cap Rate 7%
$812,586
$812.6K
Cap Rate 9%
$632,011
$632.0K
Market Conditions
NOI Build-Up for 5,000 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
$87.0K $17.40/SF
− Vacancy
−$5.7K −$1.15/SF
EGI
$81.3K $16.25/SF
− OpEx
−$24.4K −$4.88/SF
NOI
$56.9K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,137,620
Cap Rate 7%
$812,586
Cap Rate 9%
$632,011
Alternative Uses
Best Use
Retail
$812.6K
$711.0K – $948.0K
NOI $56,881 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,182 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
5,297 visits/mo
0.2 miles
Demographics for 72732, AR
4,990
Population
2,834
Households
1.8
Avg Household Size
46
Median Age
24%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
57
Density / Sq Mi
$68,548
Median Household Income
$38,788
Median Earnings
$955
Median Rent
$236,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2017 retail building positioned along an east-west highway corridor in a growing Benton County community.
Where is this retail space located?
The property is located at 16727 Highway 62 Garfield, AR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 5,000‑square‑foot retail building completed in 2017; 3‑acre property along Highway 62; Less than 7 miles from the Arkansas/Missouri border
