Mixed-Use Property with Service
For Sale
$1,499,000
17374 Heavy Chevy Road, Siloam Springs, AR 72761
Multiple residential and automotive improvements support an established mixed-use operation outside city limits.
Property Size17,099 SF
Lot Size7.85 Acres
Price / SF$87.67
Days on Market83
Property Features for 17374 Heavy Chevy Road
General Information
Standard status
Active
Size
17,099 SF
Lot size
7.85 Acres
Property subtype
CommercialSale
Listing Agency:
Viridian Real Estate
(479) 235-2820
Listed By:
Rhonda Cox-Henderson · License #SA00095757
(469) 688-2866
Source:
Connectrealtynwa
Added: Jul 26
Changed: Oct 7
Last Checked: Oct 14 at 11:02PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property encompasses 7.85± acres with no deed restrictions and a range of existing improvements. The property includes a 4,960± square foot service and repair garage, transmission shop, storage structures, automotive-related buildings, a barnominium, a two-bedroom apartment, a single-family residence, mobile homes, and storage trailers. Current activity includes automotive services, residential rentals, and salvage or junk yard operations.
Located outside the city limits of Siloam Springs, the property includes multiple parcels and currently produces rental income, with most units occupied. The site is being offered as-is. Potential future directions identified for the property include continued mixed-use operations, contractor or equipment storage, automotive or industrial services, additional residential units, a tiny home or mobile home community, an RV park, or multifamily development, subject to buyer verification of feasibility.
Located outside the city limits of Siloam Springs, the property includes multiple parcels and currently produces rental income, with most units occupied. The site is being offered as-is. Potential future directions identified for the property include continued mixed-use operations, contractor or equipment storage, automotive or industrial services, additional residential units, a tiny home or mobile home community, an RV park, or multifamily development, subject to buyer verification of feasibility.
Key Highlights
- 7.85± acres with no deed restrictions
- 4,960± sq ft service and repair garage
- Includes transmission shop, storage facilities, and automotive‑related structures
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,009
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple residential and automotive improvements support an established mixed-use operation outside city limits.
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± acres with no deed restrictions; 4,960± sq ft service and repair garage; Includes transmission shop, storage facilities, and automotive‑related structures
