Mixed-Use Industrial and Residential
17374 Heavy Chevy Road Siloam Springs, AR 72761
17374 Heavy Chevy Road, Siloam Springs, AR, 72761
$1,499,000
For Sale
$1,499,000
Mixed-use investment on unrestricted acreage featuring a service/repair garage, storage facilities, and on-site residential units.
Property Size17,099 SF
Lot Size7.85 Acres
Price / SF$87.67
Days on Market179
Property Features for 17374 Heavy Chevy Road
General Information
- Standard status
- Active
- Size
- 17,099 SF
- Lot size
- 7.85 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1990
Listing agency
Viridian Real Estate
(469) 688-2866
Listed by
Rhonda Cox-Henderson · License #SA00095757
(469) 688-2866
Source
Exitrealty
Added: Jan 24 Updated: Jul 21 at 2:43AM Checked: Jul 21 at 5:42AM
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 Viridian Real Estate
Investment Insights
Based on property information with market context.
This income-producing mixed-use property is offered as-is on unrestricted acres outside city limits. Improvements include a 4,960± sq ft service/repair garage with a transmission shop, along with storage facilities and multiple automotive-related structures. Additional structures include a barnominium, a two-bedroom apartment, a single-family residence, mobile homes, storage trailers, and other on-site components.
Existing operations include automotive service activities, residential rentals, and salvage/junk yard use, with most units currently occupied. The property is configured across multiple parcels and ample acreage, supporting continued mixed-use investment and a range of potential uses such as contractor or equipment yard, automotive or industrial services, additional residential units, a tiny home or mobile home community, or an RV park, with future multi-family development subject to buyer verification.
Buyer should review feasibility for any intended change in use. Property is being sold with no deed restrictions.
Existing operations include automotive service activities, residential rentals, and salvage/junk yard use, with most units currently occupied. The property is configured across multiple parcels and ample acreage, supporting continued mixed-use investment and a range of potential uses such as contractor or equipment yard, automotive or industrial services, additional residential units, a tiny home or mobile home community, or an RV park, with future multi-family development subject to buyer verification.
Buyer should review feasibility for any intended change in use. Property is being sold with no deed restrictions.
Key Highlights
- 7.85± acres in Siloam Springs outside city limits with no deed restrictions (unrestricted acreage).
- 1990‑built mixed‑use income property with existing automotive service operations and salvage/junk yard activity.
- Includes a 4,960± SF service/repair garage plus transmission shop and multiple storage facilities.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.6k | $6.00 |
| − Vacancy | −$10.7k | −$0.62 |
| EGI | $91.9k | $5.38 |
| − OpEx | −$13.8k | −$0.81 |
| NOI | $78.1k | $4.57 |
17,099 SF · lease $6.00/SF/yr · vacancy 10.40% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.48M
$2.17M – $2.89M
NOI $173,277 @ 7.0% cap · market cap 11.56%
Second Best
Warehouse
$1.12M
$976.7K – $1.30M
NOI $78,136 @ 7.0% cap · market cap 5.21%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
R & D Auto ...
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Mixed-use investment on unrestricted acreage featuring a service/repair garage, storage facilities, and on-site residential units.
Where is this flex space 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± acres in Siloam Springs outside city limits with no deed restrictions (unrestricted acreage).; 1990‑built mixed‑use income property with existing automotive service operations and salvage/junk yard activity.; Includes a 4,960± SF service/repair garage plus transmission shop and multiple storage facilities.
