Commercial Land with
For Sale
$620,000
2305 Thompson Street, Springdale, AR 72764
COMMERCIAL - Springdale, AR
Property Size3,000 SF
Lot Size0.63 Acres
Price / SF$206.67
Days on Market183
Property Features for 2305 Thompson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Appliances
ElectricWaterHeater
Lot features
Central Business District
Directions
From hwy 49 don Tyson exit, travel east, then South on hwy 71. located directly on 71b South Springdale. Property on the east side of hwy 71. ( East of Walmart)
Standard status
Active
APN
815-29157-000
Size
3,000 SF
Lot size
0.63 Acres
Taxes and HOA fees
Tax Description
PT SE NE 165 X 166 further description available
Tax Annual Amount
3473
Legal Description
PT SE NE 165 X 166 further description available
Utilities
Heating system
Central
Cooling system
Electric
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Building materials
Masonite
Roof type
Shingle
Listing Agency:
Collier & Associates - Farmington Branch
(479) 274-0977
Listed By:
Amanda Wells · License #EB-76048D1
(479) 799-1638
Added: Feb 18
Changed: Aug 19
Last Checked: Aug 20 at 3:06AM
MLS# 1336492
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.
Investment Insights
Based on property information with market context.
This 0.629-acre commercial parcel includes a 3,000-square-foot building, a flat site, a parking lot, and outdoor storage. The improvements include Masonite construction, shingle roofing, carpet and tile flooring, central heating, electric cooling, and a public water source. A current tenant operates an automotive sales business from the property.
The site is positioned on Highway 71 in Springdale, across from Tyson offices and Walmart and less than one mile from the Highway 412 intersection. Highway 71 carries more than 26,000 cars per day in front of the building. The city has approved a multi-unit building opportunity, while any buyer must verify approval for the intended use.
The site is positioned on Highway 71 in Springdale, across from Tyson offices and Walmart and less than one mile from the Highway 412 intersection. Highway 71 carries more than 26,000 cars per day in front of the building. The city has approved a multi-unit building opportunity, while any buyer must verify approval for the intended use.
Key Highlights
- 0.629‑acre commercial parcel with a 3,000‑square‑foot building
- Located on Highway 71 with more than 26000 cars per day
- Across from Tyson offices and Walmart
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
$35,305
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
5.69%
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%
$706,100
$706.1K
Cap Rate 7%
$504,357
$504.4K
Cap Rate 9%
$392,278
$392.3K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$3.6K −$1.19/SF
EGI
$50.4K $16.81/SF
− OpEx
−$15.1K −$5.04/SF
NOI
$35.3K $11.77/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$706,100
Cap Rate 7%
$504,357
Cap Rate 9%
$392,278
Alternative Uses
Best Use
Retail
$504.4K
$441.3K – $588.4K
NOI $35,305 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$250.6K
$219.2K – $292.3K
NOI $17,539 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$805.2K
$704.6K – $939.5K
NOI $56,367 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 56%
Shops & Services 25%
Groceries 10%
Dining 9%
Walmart
Superstores
92,138 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,226 visits/mo
0.3 miles
Aldi
Groceries
16,693 visits/mo
0.3 miles
Arvest Bank
Shops & Services
13,992 visits/mo
0.3 miles
Wendy's
Dining
12,896 visits/mo
0.4 miles
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Flat commercial parcel with an existing building, parking, and outdoor storage along Highway 71.
Where is this commercial land located?
The property is located at 2305 Thompson Street Springdale, AR.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: 0.629‑acre commercial parcel with a 3,000‑square‑foot building; Located on Highway 71 with more than 26000 cars per day; Across from Tyson offices and Walmart
