Remodeled Medical
For Sale
$1,100,000
816 S Mount Olive St, Siloam Springs, AR 72761
Updated healthcare office with treatment rooms, an X-ray station, reception area, break room, and on-site parking.
Property Size2,400 SF
Price / SF$458.33
Days on Market63
Property Features for 816 S Mount Olive St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial Building
Additional Details
Road Access
Yes
Amenities
Lot Size Acres: 0.15
Metal Roof
Total Taxes: $4,012, Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
Above Area Square Feet: 2400
Brick Siding
Listing Agency:
Crye Leike Realtors
(479) 736-1353
Listed By:
Delton Williams · License #PB00054955
(479) 736-1353
Source:
Doyle-realty
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 30 at 6:20PM
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 Crye Leike Realtors
Investment Insights
Based on property information with market context.
This 2,400-square-foot medical office property features an updated interior and a layout designed for clinical and professional office operations. The plan includes five exam or treatment rooms, a dedicated X-ray station, reception and waiting areas, a break room, and a utility room. The property previously operated as a dental office and is configured for medical, dental, healthcare, or other professional office use.
Located at 816 S Mount Olive St in Siloam Springs, the property sits along a high-visibility road with frontage and convenient access for clients and patients. On-site parking adds practical convenience for daily operations and visitors. The existing room arrangement provides a functional foundation for a practice or office requiring multiple treatment areas and supporting spaces.
Located at 816 S Mount Olive St in Siloam Springs, the property sits along a high-visibility road with frontage and convenient access for clients and patients. On-site parking adds practical convenience for daily operations and visitors. The existing room arrangement provides a functional foundation for a practice or office requiring multiple treatment areas and supporting spaces.
Key Highlights
- 2,400‑square‑foot medical office property
- Five exam or treatment rooms
- Dedicated X‑ray station
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
$37,243
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
3.39%
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%
$744,860
$744.9K
Cap Rate 7%
$532,043
$532.0K
Cap Rate 9%
$413,811
$413.8K
Market Conditions
NOI Build-Up for 2,400 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
$53.3K $22.20/SF
− Vacancy
−$3.6K −$1.51/SF
EGI
$49.7K $20.69/SF
− OpEx
−$12.4K −$5.17/SF
NOI
$37.2K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
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%
$744,860
Cap Rate 7%
$532,043
Cap Rate 9%
$413,811
Alternative Uses
Best Use
Office B
$532.0K
$465.5K – $620.7K
NOI $37,243 @ 7.0% cap · market cap 3.39%
Second Best
Healthcare Medical
$415.0K
$363.1K – $484.2K
NOI $29,051 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$659.5K
$577.1K – $769.5K
NOI $46,168 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
399
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All Creatures Veterinary Clinic — 512 S Mt Olive St, Siloam Springs, AR 72761
Frequently Asked Questions
What type of property is this?
Medical Office Space - Updated healthcare office with treatment rooms, an X-ray station, reception area, break room, and on-site parking.
Where is this medical office space located?
The property is located at 816 S Mount Olive St Siloam Springs, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 2,400‑square‑foot medical office property; Five exam or treatment rooms; Dedicated X‑ray station
