Mixed-Use Historic
400 Mount Olive Street Siloam Springs, AR 72761
400 Mount Olive Street, Siloam Springs, AR, 72761
$710,000
For Sale
$710,000
Historic main house offers chiropractic office space with ADA accessibility, plus separate upstairs living quarters and an active detached short-term rental.
Property Size3,718 SF
Price / SF$190.96
Days on Market69
Property Features for 400 Mount Olive Street
General Information
- Standard status
- Active
- Size
- 3,718 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1907
Listing agency
Century 21 Lyons & Associates
(479) 228-2398
Listed by
Stephanie Truitt · License #EB00079735
(479) 228-2398
Source
Exitrealty
Added: May 15 Updated: Jul 21 at 12:05AM Checked: Jul 21 at 5:49AM
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 Century 21 Lyons & Associates
Investment Insights
Based on property information with market context.
This meticulously maintained historic property includes commercial space and residential living in one building, along with a detached cottage used as an active short-term rental. The main level operates as a chiropractic office and features ADA accessibility, three private offices, a half bath, and three-phase power. Updates include a new roof and new upstairs windows in the main house. Upstairs living quarters offer a kitchen, full bath, and bedroom, with an additional third-floor bedroom.
A detached cottage built in 2001 operates as an active short-term rental and is configured as two separate approx. 500 sq ft units, each with one bedroom, one bath, and a kitchen. Exterior amenities include custom decks, a garage/workshop, carport, street parking, landscaped yard, and raised garden beds. The property is located across from a park, library, and farmers market, and is minutes from downtown.
Overall, the configuration provides on-site professional space, private residential quarters, and two independent short-term rental units on the same property.
A detached cottage built in 2001 operates as an active short-term rental and is configured as two separate approx. 500 sq ft units, each with one bedroom, one bath, and a kitchen. Exterior amenities include custom decks, a garage/workshop, carport, street parking, landscaped yard, and raised garden beds. The property is located across from a park, library, and farmers market, and is minutes from downtown.
Overall, the configuration provides on-site professional space, private residential quarters, and two independent short-term rental units on the same property.
Key Highlights
- 1907 historic main house with commercial chiropractic office on the main level plus separate upstairs living quarters
- Main‑level office includes ADA accessibility, 3 private offices, and a half bath, with three‑phase power
- Upstairs living quarters feature a kitchen, full bath, and bedroom, plus an additional third‑floor bedroom
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.5k | $22.20 |
| − Vacancy | −$5.6k | −$1.51 |
| EGI | $76.9k | $20.69 |
| − OpEx | −$19.2k | −$5.17 |
| NOI | $57.7k | $15.52 |
3,718 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$824.2K
$721.2K – $961.6K
NOI $57,695 @ 7.0% cap · market cap 8.13%
Second Best
Healthcare Medical
$642.9K
$562.6K – $750.1K
NOI $45,005 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.02M
$894.0K – $1.19M
NOI $71,521 @ 7.0% cap · market cap 10.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lee Family Chiropractic
Alternative Medicine Practice
Darren K. Lee, ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Historic main house offers chiropractic office space with ADA accessibility, plus separate upstairs living quarters and an active detached short-term rental.
Where is this live-work space located?
The property is located at 400 Mount Olive Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: 1907 historic main house with commercial chiropractic office on the main level plus separate upstairs living quarters; Main‑level office includes ADA accessibility, 3 private offices, and a half bath, with three‑phase power; Upstairs living quarters feature a kitchen, full bath, and bedroom, plus an additional third‑floor bedroom
