Two-Story Live-Work
New
For Sale
$299,900
605 Mount Olive Street, Siloam Springs, AR 72761
CommercialSale, Siloam Springs, AR
Property Size1,780 SF
Lot Size0.44 Acres
Price / SF$168.48
Days on Market1
Property Features for 605 Mount Olive Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
Central Business District, City Lot, Stream Creek
Directions
Hwy 412 to Mt Olive, sign on property - Building on right side if going N
Standard status
Active
APN
03-02221-000
Size
1,780 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
L6 N65' E TO A PT 10'W OF E LINE L6 S65'W POB
Tax Annual Amount
1601
Legal Description
L6 N65' E TO A PT 10'W OF E LINE L6 S65'W POB
Amenities
laminate flooring
attic storage
vinyl windows
three cooling systems
detached garage
wooded backyard
Building Details
Year built
1976
Flooring type
Carpet, Tile, Wood
Listing Agency:
Keller Williams Market Pro Realty - Siloam Springs · Keller Williams Realty
(479) 718-2800
Listed By:
Cammi Hevener · License #EB00075080
(479) 427-0240
Added: Oct 7
Last Checked: Oct 7 at 9:06PM
MLS# 1364400
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 two-story live-work property contains 1,780 square feet and includes a shop area, attic storage on the upper level, vinyl windows, and a detached garage. Cooling is provided by two HVAC units and a mini-split serving the front shop. The property is offered in as-is condition.
C-1A zoning and a special use permit allow the owner to operate a business and reside on the property. The 0.44-acre site comprises two parcels and includes a wooded backyard. The property was built in 1976.
C-1A zoning and a special use permit allow the owner to operate a business and reside on the property. The 0.44-acre site comprises two parcels and includes a wooded backyard. The property was built in 1976.
Key Highlights
- C‑1A zoning with a special use permit for owner business operations and on‑site residence
- 1,780‑square‑foot, two‑story property
- 0.44‑acre site comprising two parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,249
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,980
$405.0K
Cap Rate 7%
$289,271
$289.3K
Cap Rate 9%
$224,989
$225.0K
Market Conditions
NOI Build-Up for 1,780 SF
Gross rent
$31.0K $17.40/SF
− Vacancy
−$2.0K −$1.15/SF
EGI
$28.9K $16.25/SF
− OpEx
−$8.7K −$4.88/SF
NOI
$20.2K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,980
Cap Rate 7%
$289,271
Cap Rate 9%
$224,989
Alternative Uses
Best Use
Office B
$394.6K
$345.3K – $460.4K
NOI $27,622 @ 7.0% cap · market cap 9.21%
Second Best
Retail
$289.3K
$253.1K – $337.5K
NOI $20,249 @ 7.0% cap · market cap 6.75%
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
808
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
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Frequently Asked Questions
What type of property is this?
Live-work space - C-1A zoning and a special use permit support business operations alongside on-site residential use.
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 owner business operations and on‑site residence; 1,780‑square‑foot, two‑story property; 0.44‑acre site comprising two parcels
