9-Unit Mixed-Use
New
For Sale
$465,000
495 Highway 365, Mayflower, AR 72106
Multi-Family, Mayflower, AR
Property Size6,896 SF
Lot Size1.00 Acre
Price / SF$67.43
Days on Market4
Property Features for 495 Highway 365
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
10
Bathrooms
9
Full bathrooms
9
Rooms
Bathroom 9, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 9, Bathroom 8, Bedroom 10, Bedroom 7, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 8, Bathroom 6, Bedroom 3, Bathroom 7, Bathroom 3
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Gas, Dryer-Stays, Hot Water Heater-Gas, Hot Water Heater-Electric, Smoke Detector, Primary Bedroom with Bath
Exterior features
Dumpster
Appliances
Free-Standing Stove, Gas Range, Refrigerator-Stays, Exhaust Fan, Free-Standing Stove, Gas Range, Refrigerator-Stays, Exhaust Fan
Subdivision
Metes & Bounds
Lot features
Level, Not in Subdivision, Flood Insurance Required
High school
Mayflower
Directions
Take I-40 East to Mayflower, take the Mayflower exit, keep right to HWY 365. Building will be on the right hand side.
Standard status
Active
APN
760-01089-000
Size
6,896 SF
Lot size
1.00 Acre
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
17-04N-13W
Tax Annual Amount
2610
Legal Description
17-04N-13W
Utilities
Water front features
Creek
Building Details
Year built
1985
Floors in Building
2
Number of units
9
Flooring type
Carpet - Full, Vinyl
Roof type
Shingle
Buildings
1
Listing Agency:
IRealty Arkansas - Cabot
(501) 286-6072
Listed By:
Christopher Cribbs
(501) 697-5522
Added: Oct 23
Last Checked: Oct 26 at 3:06PM
MLS# 26042800
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,896-square-foot mixed-use property combines five commercial units at street level with four residential units upstairs. All nine units are occupied. Recent work in each of the five commercial spaces included replacement flooring and drywall. The building dates to 1985 and occupies a 1-acre parcel at 495 Highway 365 in Mayflower, Arkansas.
The two-part unit mix brings commercial and residential tenancy together in one building. Site features include a creek, and the property has gas and electric water heaters, washer and dryer connections, and a shingle roof.
The two-part unit mix brings commercial and residential tenancy together in one building. Site features include a creek, and the property has gas and electric water heaters, washer and dryer connections, and a shingle roof.
Key Highlights
- Nine units: five commercial spaces and four residential apartments
- All nine units are currently occupied
- 6,896‑square‑foot building on a 1‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,455
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,100
$829.1K
Cap Rate 7%
$592,214
$592.2K
Cap Rate 9%
$460,611
$460.6K
Market Conditions
NOI Build-Up for 6,896 SF
Gross rent
$80.3K $11.64/SF
− Vacancy
−$4.9K −$0.71/SF
EGI
$75.4K $10.93/SF
− OpEx
−$33.9K −$4.92/SF
NOI
$41.5K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,100
Cap Rate 7%
$592,214
Cap Rate 9%
$460,611
Alternative Uses
Best Use
Mixed Use
$739.6K
$647.2K – $862.9K
NOI $51,772 @ 7.0% cap · market cap 11.13%
Second Best
Apartment 5plus
$592.2K
$518.2K – $690.9K
NOI $41,455 @ 7.0% cap · market cap 8.92%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,103 @ 7.0% cap · market cap 23.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 72106, AR
5,206
Population
2,602
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
86%
High-School Grad
52.4 sq mi
ZIP Area
99
Density / Sq Mi
$59,375
Median Household Income
$38,630
Median Earnings
$855
Median Rent
$173,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five commercial spaces sit below four residential apartments in a fully occupied configuration.
Where is this mixed-use property located?
The property is located at 495 Highway 365 Mayflower, AR.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Nine units: five commercial spaces and four residential apartments; All nine units are currently occupied; 6,896‑square‑foot building on a 1‑acre parcel
