Building Details

Year Built 1980

Buildings 1

Listing Agency: Legend Realty Inc

Listed By: Matthew Jones · License #EB00083774 Show Phone

Source: Thebesthomeprice

Added: Jul 30 Changed: Sep 5 Last Checked: Oct 7 at 3:15PM

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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 Legend Realty Inc

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Investment Insights

Based on property information with market context.

This 1,196-square-foot storefront property is configured with a retail area, office, storage room, mechanical room, restroom, and loading dock. The building is currently operating as an antique store and will convey in its present AS-IS, WHERE IS condition, subject to seller confirmation.

The property is located at 18374 Marshall St in downtown Garfield, with frontage along US-62 Highway. The corridor recorded approximately 14,000 vehicles per day in 2024, based on Arkansas Department of Transportation traffic data. The real estate auction is scheduled for 12:00 PM on Friday, August 21, 2026, following a personal property auction at 10:00 AM.

Key Highlights

• 1,196± SF storefront property
• Frontage on US‑62 Highway in downtown Garfield
• 2024 AADT of approximately 14,000 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,606

Suggested Prices Based on Cap Rates

Cap Rate 5%

$272,120 $272.1K

Cap Rate 7%

$194,371 $194.4K

Cap Rate 9%

$151,178 $151.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,196 SF

Gross rent

$20.8K $17.40/SF

− Vacancy

−$1.4K −$1.15/SF

EGI

$19.4K $16.25/SF

− OpEx

−$5.8K −$4.88/SF

NOI

$13.6K $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 Rate 5%

$272,120

Cap Rate 7%

$194,371

Cap Rate 9%

$151,178

Alternative Uses

Best Use

Retail

$194.4K

$170.1K – $226.8K (±1% cap)

NOI $13,606 @ 7.0% cap · market cap 1,360,600.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$328.7K

$287.6K – $383.5K (±1% cap)

NOI $23,007 @ 7.0% cap · market cap 2,300,700.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Al's Country Junque Home Decor Store

Suggested Use

Top Pick Building Supply Garden Center Storage Facility Real Estate Agency Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

43

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Commercial building includes office, storage, restroom, and mechanical space.

Where is this storefront property located?

The property is located at 18374 Marshall St Garfield, AR.

What are key features of this property?

This property features: 1,196± SF storefront property; Frontage on US‑62 Highway in downtown Garfield; 2024 AADT of approximately 14,000 vehicles per day