Commercial Land Along Interstate
For Sale
$1,300,000
4605 Falcon Road, Springdale, AR 72762
CommercialSale, Springdale, AR
Property Size2,419 SF
Lot Size1.90 Acres
Price / SF$537.41
Days on Market170
Property Features for 4605 Falcon Road
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Storage
Appliances
GasWaterHeater
Lot features
City Lot, Dead End
Directions
Head toward Mill St, Continue onto White Rd, Continue onto Elm Springs Rd, Turn right onto N 40th St, Turn left onto Falcon Rd, property will be on the left.
Standard status
Active
APN
815-29789-486
Size
2,419 SF
Lot size
1.90 Acres
Taxes and HOA fees
Tax Description
S28-T18-R30
Tax Annual Amount
851
Legal Description
S28-T18-R30
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
2
Flooring type
Carpet
Building materials
VinylSiding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Keller Williams Market Pro Realty - Rogers Branch · Keller Williams Realty
(479) 718-2800
Listed By:
The Duley Group
(479) 616-4663
Added: Mar 6
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 1337825
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 1.9-acre commercial land holding comprises three parcels along I-49 in Springdale. The property includes a 2,419-square-foot, five-bedroom home built in 1997, with vinyl siding, carpeted flooring, a shingle roof, central air, and natural-gas heat. Storage is also present.
Zoning varies across the assemblage: the smaller parcel is designated C6, while the other two parcels are currently residentially zoned. Public water and septic service are in place. Current City of Springdale plans identify a future Falcon Road overpass intended to connect the east and west sides of I-49 near Elm Springs Walmart.
Zoning varies across the assemblage: the smaller parcel is designated C6, while the other two parcels are currently residentially zoned. Public water and septic service are in place. Current City of Springdale plans identify a future Falcon Road overpass intended to connect the east and west sides of I-49 near Elm Springs Walmart.
Key Highlights
- 1.9‑acre commercial land holding along the I‑49 corridor
- Three parcels included in the assemblage
- Smaller parcel zoned C6; two parcels currently residentially zoned
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
$36,523
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
2.81%
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%
$730,460
$730.5K
Cap Rate 7%
$521,757
$521.8K
Cap Rate 9%
$405,811
$405.8K
Market Conditions
NOI Build-Up for 2,419 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
$52.3K $21.60/SF
− Vacancy
−$3.6K −$1.47/SF
EGI
$48.7K $20.13/SF
− OpEx
−$12.2K −$5.03/SF
NOI
$36.5K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$730,460
Cap Rate 7%
$521,757
Cap Rate 9%
$405,811
Alternative Uses
Best Use
Office B
$521.8K
$456.5K – $608.7K
NOI $36,523 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$649.3K
$568.1K – $757.5K
NOI $45,451 @ 7.0% cap · market cap 3.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
Median Home Value
Market
Vacancy Rate% for Office 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 - Three-parcel holding with mixed zoning and an existing five-bedroom residential improvement.
Where is this commercial land located?
The property is located at 4605 Falcon Road Springdale, AR.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1.9‑acre commercial land holding along the I‑49 corridor; Three parcels included in the assemblage; Smaller parcel zoned C6; two parcels currently residentially zoned
