Two-Story Brick
For Sale
Contact for pricing
223 N Wright Street, Siloam Springs, AR 72761
Open interior space and a prominent corner position support retail or office use.
Property Size2,400 SF
Price / SF$0.00
Days on Market116
Property Features for 223 N Wright Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Property Use
Office
Amenities
open layout
storefront exposure
second-floor space
open-concept floor plan
exposed brick
dramatic interior staircase
large front display windows
abundant natural light
walkable to downtown restaurants, retail, and entertainment
Building Details
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Justin Silver · License #SA00100214
(417) 496-9567
Source:
Hangerpropertygroup
Added: Jul 10
Changed: Nov 1
Last Checked: Oct 31 at 11:36PM
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 Steve Fineberg & Associates
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Investment Insights
Based on property information with market context.
This two-story brick storefront contains 2,400 square feet arranged around an open floor plan. Exposed brick, a prominent interior staircase, and broad front display windows bring character and natural light to the space. The layout includes a second floor and is suited to retail or office occupancy.
Positioned on a downtown corner in Siloam Springs, the property is within walking distance of restaurants, shops, and entertainment venues.
Positioned on a downtown corner in Siloam Springs, the property is within walking distance of restaurants, shops, and entertainment venues.
Key Highlights
- 2,400‑square‑foot, two‑story brick storefront
- Open floor plan with exposed brick and an interior staircase
- Large front display windows bring natural light into the space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,303
Suggested Prices Based on Cap Rates
Cap Rate 5%
$546,060
$546.1K
Cap Rate 7%
$390,043
$390.0K
Cap Rate 9%
$303,367
$303.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$41.8K $17.40/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$39.0K $16.25/SF
− OpEx
−$11.7K −$4.88/SF
NOI
$27.3K $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%
$546,060
Cap Rate 7%
$390,043
Cap Rate 9%
$303,367
Alternative Uses
Best Use
Retail
$390.0K
$341.3K – $455.1K
NOI $27,303 @ 7.0% cap · market cap 303,366.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.5K
$577.1K – $769.5K
NOI $46,168 @ 7.0% cap · market cap 512,977.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Brooke's Flowers & Gifts — 321 W Tulsa St A, Siloam Springs, AR 72761
Frequently Asked Questions
What type of property is this?
Storefront property - Open interior space and a prominent corner position support retail or office use.
Where is this storefront property located?
The property is located at 223 N Wright Street Siloam Springs, AR.
What are key features of this property?
This property features: 2,400‑square‑foot, two‑story brick storefront; Open floor plan with exposed brick and an interior staircase; Large front display windows bring natural light into the space
