Corner Mixed-Use
3714 E Heritage Parkway, Farmington, AR 72730
For Sale
$280,000
CommercialSale, Farmington, AR
Property Size1,642 SF
Lot Size0.32 Acres
Price / SF$170.52
Days on Market150
Property Features for 3714 E Heritage Parkway
General Information
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Property subtype
Lot features
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Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Listing Agency:
Collier & Associates - Farmington Branch
(479) 274-0977
Listed By:
DLT Properties Team
(512) 497-3643
Added: Jun 16
Changed: Oct 16
Last Checked: Nov 12 at 3:06AM
MLS# 1352221
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 1,642-square-foot commercial property was built in 1957 and occupies a 0.32-acre site. An income-producing tenant is already in place, while Mixed Use B-2 zoning accommodates a range of commercial and mixed-use possibilities. Paved parking is included with the property.
The site occupies a visible corner at Buddy Elkins Road and Highway 62, where Buddy Elkins Road has recently been paved. Reported traffic volume is approximately 20,000 vehicles per day, providing substantial exposure along the corridor. The property carries a Farmington mailing address and lies within the Prairie Grove city limits.
The site occupies a visible corner at Buddy Elkins Road and Highway 62, where Buddy Elkins Road has recently been paved. Reported traffic volume is approximately 20,000 vehicles per day, providing substantial exposure along the corridor. The property carries a Farmington mailing address and lies within the Prairie Grove city limits.
Key Highlights
- 1,642‑square‑foot commercial property on a 0.32‑acre site
- Mixed Use B‑2 zoning
- Income‑producing tenant already in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,428
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,560
$228.6K
Cap Rate 7%
$163,257
$163.3K
Cap Rate 9%
$126,978
$127.0K
Market Conditions
NOI Build-Up for 1,642 SF
Gross rent
$19.7K $12.00/SF
− Vacancy
−$1.4K −$0.86/SF
EGI
$18.3K $11.14/SF
− OpEx
−$6.9K −$4.18/SF
NOI
$11.4K $6.96/SF
Area
Washington 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 Rate 5%
$228,560
Cap Rate 7%
$163,257
Cap Rate 9%
$126,978
Alternative Uses
Best Use
Mixed Use
$163.3K
$142.9K – $190.5K
NOI $11,428 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.7K
$385.7K – $514.2K
NOI $30,852 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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Business Placement
Demographics for 72730, AR
9,624
Population
4,017
Households
2.4
Avg Household Size
36
Median Age
27%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
463
Density / Sq Mi
$88,780
Median Household Income
$45,652
Median Earnings
$1,225
Median Rent
$244,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B-2 mixed-use zoning, paved parking, and an existing income-producing tenant define this commercial property.
Where is this mixed-use property located?
The property is located at 3714 E Heritage Parkway Farmington, AR.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,642‑square‑foot commercial property on a 0.32‑acre site; Mixed Use B‑2 zoning; Income‑producing tenant already in place
