Historic Commercial Building with
506 E Main Street Siloam Springs, AR 72761
506 E Main Street, Siloam Springs, AR, 72761
$850,000
For Sale
$850,000
Updated historic building with long-term tenants in downtown Siloam Springs.
Property Size6,533 SF
Price / SF$130.11
Days on Market141
Property Features for 506 E Main Street
General Information
- Standard status
- Active
- Size
- 6,533 SF
- Property subtype
- Commercial/Industrial
Listing Agency
Keller Williams Market Pro Realty - Siloam Springs
(479) 427-0240
Listed by
Cammi Hevener · License #EB00075080
(479) 427-0240
Source
Exitrealty
Added: Feb 26 Checked: Jul 17 at 4:32 am
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 Keller Williams Market Pro Realty - Siloam Springs
Investment Insights
Based on property information with market context.
This historic commercial building in Siloam Springs offers a blend of classic character and modern updates. The building is in excellent condition and features 12-foot ceilings and large windows that provide natural light. Major infrastructure upgrades, including a TPO roof and new water, electric, and sewer connections, were completed in 2017. Current tenants have signed an extension through 8/31/2034. The property benefits from foot traffic and is located near a coffee shop and other downtown businesses. The property size is 6533 square feet.
Key Highlights
- Long‑term tenant lease extension through 8/31/2034, providing stable income.
- Major infrastructure upgrades completed in 2017, including TPO roof, new water, electric, and sewer connections.
- Prime downtown location with high foot traffic, adjacent to a thriving coffee shop.
Local Financial Insights For Retail
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 | $113.7k | $17.40 |
| − Vacancy | −$7.5k | −$1.15 |
| EGI | $106.2k | $16.25 |
| − OpEx | −$31.9k | −$4.88 |
| NOI | $74.3k | $11.38 |
6,533 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.06M
$929.0K – $1.24M
NOI $74,320 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,672 @ 7.0% cap · market cap 14.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Brooke's Flowers & Gifts — 321 W Tulsa St A, Siloam Springs, AR 72761
FAQs
What type of property is this?
Storefront property - Updated historic building with long-term tenants in downtown Siloam Springs.
Where is this storefront property located?
The property is located at 506 E Main Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Long‑term tenant lease extension through 8/31/2034, providing stable income.; Major infrastructure upgrades completed in 2017, including TPO roof, new water, electric, and sewer connections.; Prime downtown location with high foot traffic, adjacent to a thriving coffee shop.
