Historic Mixed-Use
For Sale
$695,000
400 Mount Olive St, Siloam Springs, AR 72761
Historic property combines accessible commercial space with residential quarters and a detached short-term rental cottage.
Property Size3,718 SF
Price / SF$186.93
Days on Market72
Property Features for 400 Mount Olive St
General Information
Standard status
Active
Size
3,718 SF
Additional Details
Office Units
1
Amenities
ADA accessibility
three-phase power
Building Details
Year Built
1907
Buildings
2
Listing Agency:
Century 21 Lyons & Associates
Listed By:
Stephanie Truitt · License #EB00079735
(479) 228-2398
Source:
Thebesthomeprice
Added: Aug 6
Changed: Sep 15
Last Checked: Oct 7 at 5:32PM
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
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Investment Insights
Based on property information with market context.
Built in 1907, this 3,718-square-foot mixed-use property combines an operating chiropractic office with residential accommodations in the main house. The commercial level includes ADA access, three private offices, a half bath, and three-phase power. Upstairs are a kitchen, full bathroom, one bedroom, and a separate third-floor bedroom. A new roof and replacement upstairs windows add to the property’s improvements.
The detached 2001 cottage is configured as two separate approximately 500-square-foot short-term rental units, each with one bedroom, one bathroom, and a kitchen. Custom decks, a garage/workshop, carport, landscaped grounds, raised garden beds, and street parking are also included. At 400 Mount Olive St in Siloam Springs, the property is across from a park, library, and farmers market, with downtown minutes away.
The detached 2001 cottage is configured as two separate approximately 500-square-foot short-term rental units, each with one bedroom, one bathroom, and a kitchen. Custom decks, a garage/workshop, carport, landscaped grounds, raised garden beds, and street parking are also included. At 400 Mount Olive St in Siloam Springs, the property is across from a park, library, and farmers market, with downtown minutes away.
Key Highlights
- 3,718‑square‑foot mixed‑use property built in 1907
- Main level includes ADA access, 3 private offices, half bath, and three‑phase power
- Main house features a new roof and new upstairs windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,695
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,900
$1.2M
Cap Rate 7%
$824,214
$824.2K
Cap Rate 9%
$641,056
$641.1K
Market Conditions
NOI Build-Up for 3,718 SF
Gross rent
$82.5K $22.20/SF
− Vacancy
−$5.6K −$1.51/SF
EGI
$76.9K $20.69/SF
− OpEx
−$19.2K −$5.17/SF
NOI
$57.7K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,900
Cap Rate 7%
$824,214
Cap Rate 9%
$641,056
Alternative Uses
Best Use
Office B
$824.2K
$721.2K – $961.6K
NOI $57,695 @ 7.0% cap · market cap 8.30%
Second Best
Healthcare Medical
$642.9K
$562.6K – $750.1K
NOI $45,005 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.02M
$894.0K – $1.19M
NOI $71,521 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
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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 Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic property combines accessible commercial space with residential quarters and a detached short-term rental cottage.
Where is this mixed-use property located?
The property is located at 400 Mount Olive St Siloam Springs, AR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 3,718‑square‑foot mixed‑use property built in 1907; Main level includes ADA access, 3 private offices, half bath, and three‑phase power; Main house features a new roof and new upstairs windows
