Live-Work Property with
New
For Sale
$299,900
605 Mount Olive Street, Siloam Springs, AR 72761
C-1A zoning and a special use permit allow business operations alongside an on-site residence.
Property Size1,780 SF
Price / SF$168.48
Days on Market2
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Property Features for 605 Mount Olive Street
General Information
Standard status
Active
Size
1,780 SF
Zoning
C-1A
Amenities
laminate flooring
abundant second-level attic storage
vinyl windows
three cooling systems
detached garage
wooded backyard
Building Details
Buildings
2
Stories
2
Listing Agency:
Keller Williams Market Pro Realty - Siloam Springs
(479) 718-2800
Listed By:
Cammi Hevener · License #EB00075080
(479) 427-0240
Source:
Connectrealtynwa
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:10AM
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 two-story live-work property at 605 Mount Olive Street in Siloam Springs includes a shop area with laminate flooring and substantial attic storage on the second level. Vinyl windows and three cooling systems—two HVAC units and a mini-split serving the front shop—are among the building’s features. A detached garage adds a separate utility space, and the property includes two parcels with a wooded backyard.
C-1A zoning and a special use permit allow the owner to operate a business and live on the property. The source identifies office space, a coffeehouse, and a soda shop as possible business concepts; buyers should verify permitted uses.
C-1A zoning and a special use permit allow the owner to operate a business and live on the property. The source identifies office space, a coffeehouse, and a soda shop as possible business concepts; buyers should verify permitted uses.
Key Highlights
- C‑1A zoning with a special use permit for business operations and on‑site residence
- Two‑story building with a shop area and second‑level attic storage
- Three cooling systems: two HVAC units and a mini‑split for the front shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,940
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,800
$478.8K
Cap Rate 7%
$342,000
$342.0K
Cap Rate 9%
$266,000
$266.0K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$34.2K $19.20/SF
− Vacancy
−$2.3K −$1.27/SF
EGI
$31.9K $17.93/SF
− OpEx
−$8.0K −$4.48/SF
NOI
$23.9K $13.45/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,800
Cap Rate 7%
$342,000
Cap Rate 9%
$266,000
Alternative Uses
Best Use
Office B
$394.6K
$345.3K – $460.4K
NOI $27,622 @ 7.0% cap · market cap 9.21%
Second Best
Specialty Retail
$342.0K
$299.3K – $399.0K
NOI $23,940 @ 7.0% cap · market cap 7.98%
Theoretical Best
Office A
$489.2K
$428.0K – $570.7K
NOI $34,241 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - C-1A zoning and a special use permit allow business operations alongside an on-site residence.
Where is this live-work space located?
The property is located at 605 Mount Olive Street Siloam Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: C‑1A zoning with a special use permit for business operations and on‑site residence; Two‑story building with a shop area and second‑level attic storage; Three cooling systems: two HVAC units and a mini‑split for the front shop
