Unrestricted Mixed-Use
For Sale
$1,499,000
17374 Heavy Chevy Road, Siloam Springs, AR 72761
COMMERCIAL - Siloam Springs, AR
Property Size17,099 SF
Lot Size7.85 Acres
Price / SF$87.67
Days on Market209
Property Features for 17374 Heavy Chevy Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Carport, Garage, RV
Exterior features
Storage
Appliances
ElectricWaterHeater, GasWaterHeater
Lot features
Dead End, Outside City Limits, Rural Lot
Directions
Highway 412 to Highway 16; South to Heavy Chevy Road; Turn Left and go past DaySpring Cards; the road will curve south and the property will be in front of you.
Standard status
Active
APN
18-12789-000
Size
17,099 SF
Lot size
7.85 Acres
Taxes and HOA fees
Tax Description
PART OF THE NORTH 50 ACRES OF THE W 1/2 OF THE SW 1/4 OF SECTION 9, T-17-N, R-33-W, BENTON COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: FROM THE NE CORNER OF SAID W 1/2, SW 1/4, ...
Tax Annual Amount
7295
Legal Description
PART OF THE NORTH 50 ACRES OF THE W 1/2 OF THE SW 1/4 OF SECTION 9, T-17-N, R-33-W, BENTON COUNTY, ARKANSAS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: FROM THE NE CORNER OF SAID W 1/2, SW 1/4, ...
Utilities
Utilities
Propane
Sewer type
Public Sewer
Heating system
Ductless (Heating), Wood Stove, Propane (Heating), Wood, Central, Natural Gas, Electric (Heating)
Cooling system
Ductless, Electric, Central Air
Water source
Public
Building Details
Year built
1990
Flooring type
Carpet, Vinyl, Concrete, Laminate
Building materials
MetalSiding
Roof type
Shingle, Asphalt, Metal
Additional Structures
Storage
Listing Agency:
Viridian Real Estate
(479) 235-2820
Listed By:
Rhonda Cox-Henderson · License #SA00095757
(469) 688-2866
Added: Jan 23
Changed: Aug 19
Last Checked: Aug 20 at 7:06AM
MLS# 1333476
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 mixed-use property combines 7.85+/- acres with approximately 17,099 square feet of improvements outside the Siloam Springs city limits. Improvements include a 4,960+/- square foot service and repair garage, transmission-shop space, storage facilities, automotive-related structures, a barnominium, a two-bedroom apartment, a single-family residence, mobile homes, and storage trailers. Existing operations include automotive services, residential rentals, and salvage or junk-yard activity.
The property is arranged across multiple parcels and has no deed restrictions. Public water and sewer serve the site, while propane is available for utility service. Building features include metal siding, shingle, asphalt, and metal roofing, along with garage, carport, and RV parking. The property is offered as-is, with rental units currently generating income and most units occupied.
The property is arranged across multiple parcels and has no deed restrictions. Public water and sewer serve the site, while propane is available for utility service. Building features include metal siding, shingle, asphalt, and metal roofing, along with garage, carport, and RV parking. The property is offered as-is, with rental units currently generating income and most units occupied.
Key Highlights
- 7.85+/- unrestricted acres outside Siloam Springs city limits
- Approximately 17,099 square feet of improvements
- 4,960+/- square foot service and repair garage
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
$119,009
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
7.94%
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%
$2,380,180
$2.4M
Cap Rate 7%
$1,700,129
$1.7M
Cap Rate 9%
$1,322,322
$1.3M
Market Conditions
NOI Build-Up for 17,099 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
$205.2K $12.00/SF
− Vacancy
−$14.8K −$0.86/SF
EGI
$190.4K $11.14/SF
− OpEx
−$71.4K −$4.18/SF
NOI
$119.0K $6.96/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,380,180
Cap Rate 7%
$1,700,129
Cap Rate 9%
$1,322,322
Alternative Uses
Best Use
Retail
$2.78M
$2.43M – $3.24M
NOI $194,520 @ 7.0% cap · market cap 12.98%
Second Best
Apartment 5plus
$1.99M
$1.74M – $2.32M
NOI $139,263 @ 7.0% cap · market cap 9.29%
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,925 @ 7.0% cap · market cap 21.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 72761, AR
23,731
Population
9,101
Households
2.6
Avg Household Size
33
Median Age
29%
College-Educated
86%
High-School Grad
114.1 sq mi
ZIP Area
208
Density / Sq Mi
$69,620
Median Household Income
$35,724
Median Earnings
$936
Median Rent
$218,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple buildings support automotive, residential, storage, and other established commercial uses on one property.
Where is this mixed-use property located?
The property is located at 17374 Heavy Chevy Road Siloam Springs, AR.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 7.85+/- unrestricted acres outside Siloam Springs city limits; Approximately 17,099 square feet of improvements; 4,960+/- square foot service and repair garage
