Gas Station with Food Service
For Sale
$449,900
6061 Hwy 167 S, Sheridan, AR 72150
COMMERCIAL - Sheridan, AR
Property Size3,980 SF
Lot Size1.18 Acres
Price / SF$113.04
Days on Market182
Property Features for 6061 Hwy 167 S
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Interior features
Public Restrooms, Equipment (see remarks), Inventory (see remarks), Smoke Detector, Kitchen Area
Exterior features
Pole Sign, Wheelchair Accessible
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
Go South on 167 approx 6 miles. Store located at the intersection of Hwy 167 and Grant 8
Subdivision
SHERIDAN & GRANT COUNTY
Standard status
Active
APN
001-044894-000C
Size
3,980 SF
Lot size
1.18 Acres
Taxes and HOA fees
Tax Description
courthouse
Tax Annual Amount
698
Legal Description
courthouse
Building Details
Year built
1985
Floors in Building
1
Flooring type
Tile, Carpet - Partial
Additional Structures
See Remarks
Listing Agency:
TMK Properties
(870) 942-0800
Listed By:
Lisa Ray
(870) 941-2294
Added: Feb 11
Changed: Aug 12
Last Checked: Aug 12 at 7:06PM
MLS# 26005365
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.
Investment Insights
Based on property information with market context.
This gas-station property includes a 3980-square-foot commercial building on 1.18 acres. The interior provides a kitchen area, public restrooms, tile flooring, partial carpet, and equipment identified in the listing. The property is being offered as-is and includes food-service equipment. Built in 1985, the building also features a pole sign and wheelchair-accessible entry with a ramp.
Located at 6061 Hwy 167 S in Sheridan, Arkansas, the property offers highway access, customer parking, and a visible roadside setting. Its former operational use as a gas station, combined with the existing food-service components and commercial building improvements, supports continued evaluation for related business use or owner-occupant operation.
Located at 6061 Hwy 167 S in Sheridan, Arkansas, the property offers highway access, customer parking, and a visible roadside setting. Its former operational use as a gas station, combined with the existing food-service components and commercial building improvements, supports continued evaluation for related business use or owner-occupant operation.
Key Highlights
- 3980‑square‑foot commercial building on 1.18 acres
- Former operational gas station with food‑service equipment included
- Kitchen area and public restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,597
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,940
$791.9K
Cap Rate 7%
$565,671
$565.7K
Cap Rate 9%
$439,967
$440.0K
Market Conditions
NOI Build-Up for 3,980 SF
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.
Gross rent
$60.2K $15.12/SF
− Vacancy
−$3.6K −$0.91/SF
EGI
$56.6K $14.21/SF
− OpEx
−$17.0K −$4.26/SF
NOI
$39.6K $9.95/SF
Area
Grant County, AR
Vacancy
6.00%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$791,940
Cap Rate 7%
$565,671
Cap Rate 9%
$439,967
Alternative Uses
Best Use
Specialty Retail
$683.0K
$597.7K – $796.9K
NOI $47,813 @ 7.0% cap · market cap 10.63%
Second Best
Retail
$565.7K
$495.0K – $660.0K
NOI $39,597 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$810.4K
$709.1K – $945.4K
NOI $56,725 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 72150, AR
12,218
Population
5,359
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
293.5 sq mi
ZIP Area
42
Density / Sq Mi
$75,342
Median Household Income
$45,316
Median Earnings
$781
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Includes food-service equipment, a kitchen area, public restrooms, accessible ramp entry, and customer parking.
Where is this gas station located?
The property is located at 6061 Hwy 167 S Sheridan, AR.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 3980‑square‑foot commercial building on 1.18 acres; Former operational gas station with food‑service equipment included; Kitchen area and public restrooms
