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 Market38
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
(469) 688-2866
Listed By:
Rhonda Cox-Henderson · License #SA00095757
(469) 688-2866
Source:
Connectrealtynwa
Added: Jul 26
Changed: Aug 30
Last Checked: Aug 31 at 5:06PM
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 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 = 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
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
Questions? Ask Rey
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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
