Mixed-Use Building with Nine
495 Hwy 365, Mayflower, AR 72106
For Sale
New
$465,000
Commercial / Industrial, Mayflower, AR
Property Size6,850 SF
Lot Size1.00 Acre
Price / SF$67.88
Days on Market5
Property Features for 495 Hwy 365
General Information
Property type
Property subtype
Zoning description
Parking
Interior features
Exterior features
Subdivision
Lot features
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Roof type
Listing Agency:
IRealty Arkansas - Cabot
(501) 286-6072
Listed By:
Christopher Cribbs
(501) 697-5522
Added: Nov 2
Last Checked: Nov 6 at 11:06PM
MLS# 26044023
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.
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Investment Insights
Based on property information with market context.
This 6,850-square-foot mixed-use property contains nine units across two levels. Five commercial units are located on the ground floor, with four residential units above. The commercial spaces have received new flooring and drywall. Building features include in-unit bathrooms, kitchen areas, and living areas; flooring includes carpet in part and vinyl. The property was built in 1985 and sits on a 1-acre parcel.
Located at 495 Hwy 365 in Mayflower, the property has all nine units occupied. Access to major roadways is noted, and the address is in Faulkner County, Arkansas.
Located at 495 Hwy 365 in Mayflower, the property has all nine units occupied. Access to major roadways is noted, and the address is in Faulkner County, Arkansas.
Key Highlights
- Nine total units: five commercial spaces at ground level and four residential units above
- All 9 units are occupied
- 6,850 square feet on a 1‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,179
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$823,580
$823.6K
Cap Rate 7%
$588,271
$588.3K
Cap Rate 9%
$457,544
$457.5K
Market Conditions
NOI Build-Up for 6,850 SF
Gross rent
$79.7K $11.64/SF
− Vacancy
−$4.9K −$0.71/SF
EGI
$74.9K $10.93/SF
− OpEx
−$33.7K −$4.92/SF
NOI
$41.2K $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%
$823,580
Cap Rate 7%
$588,271
Cap Rate 9%
$457,544
Alternative Uses
Best Use
Mixed Use
$734.7K
$642.8K – $857.1K
NOI $51,426 @ 7.0% cap · market cap 11.06%
Second Best
Apartment 5plus
$588.3K
$514.7K – $686.3K
NOI $41,179 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,369 @ 7.0% cap · market cap 23.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five commercial spaces occupy the ground floor, with four residential units arranged above.
Where is this mixed-use property located?
The property is located at 495 Hwy 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 total units: five commercial spaces at ground level and four residential units above; All 9 units are occupied; 6,850 square feet on a 1‑acre parcel
