40-Unit Drive-Up Storage
18688 Hwy 127, Garfield, AR 72732
For Sale
$275,000
CommercialSale, Garfield, AR
Property Size3,750 SF
Lot Size4.01 Acres
Price / SF$73.33
Days on Market89
Property Features for 18688 Hwy 127
General Information
Property type
Property subtype
Exterior features
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
Vesta Boutique Realty
Listed By:
Kailee Mathews · License AR PB00081262
(479) 263-0457
Added: Aug 16
Changed: Nov 9
Last Checked: Nov 12 at 8:06AM
MLS# 1359045
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.
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Investment Insights
Based on property information with market context.
This 40-unit self-storage facility contains 3,750 square feet of storage space on 4.01 acres. Each unit offers drive-up access, and the property is currently vacant with no tenants or leases in place. The improvements include metal siding, a metal roof, and vinyl flooring, with construction dating to 2003.
Recent site work includes fresh exterior paint, new gravel, and general cleanup. Electric service is available on site but has not been activated by the current ownership. The property fronts Highway 127 at 18688 Hwy 127 in Garfield, with access to Highway 62 and nearby residential areas. Additional room is available for future improvements or expansion.
Recent site work includes fresh exterior paint, new gravel, and general cleanup. Electric service is available on site but has not been activated by the current ownership. The property fronts Highway 127 at 18688 Hwy 127 in Garfield, with access to Highway 62 and nearby residential areas. Additional room is available for future improvements or expansion.
Key Highlights
- 40‑unit self‑storage facility
- 3,750 square feet on 4.01 acres
- Drive‑up access at every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,136
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,720
$342.7K
Cap Rate 7%
$244,800
$244.8K
Cap Rate 9%
$190,400
$190.4K
Market Conditions
NOI Build-Up for 3,750 SF
Gross rent
$22.5K $6.00/SF
− Vacancy
−$2.3K −$0.62/SF
EGI
$20.2K $5.38/SF
− OpEx
−$3.0K −$0.81/SF
NOI
$17.1K $4.57/SF
Area
Benton County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,720
Cap Rate 7%
$244,800
Cap Rate 9%
$190,400
Alternative Uses
Best Use
Self Storage
$414.0K
$362.3K – $483.0K
NOI $28,980 @ 7.0% cap · market cap 10.54%
Second Best
Warehouse
$244.8K
$214.2K – $285.6K
NOI $17,136 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$1.03M
$901.7K – $1.20M
NOI $72,137 @ 7.0% cap · market cap 26.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - Vacant storage facility with drive-up access to every unit and room for future improvements.
Where is this self storage facility located?
The property is located at 18688 Hwy 127 Garfield, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 40‑unit self‑storage facility; 3,750 square feet on 4.01 acres; Drive‑up access at every unit
