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    115 University St Siloam Springs, AR 72761
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    Property profile & analytics

    115 University St Siloam Springs, AR 72761

    View on Map
    • Retail space
    • 7,500 SF
    Off-Market
    Property ID
    US05-2420723
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • YWAM Oak Haven / Church / Mosque

    Property Details for 115 University St

    Year built
    1905
    Property size
    7,500 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional mixed-use property, located at 115 E University St in Siloam Springs, Arkansas, presents a compelling investment opportunity. The 7,500 square foot building, constructed in 1905 and renovated in 2012, boasts a prime location in the historic downtown district, a stone's throw from Memorial Park, The Hub, the new library, and a revitalized downtown area. With a C-2 zoning designation, this four-story building offers unparalleled flexibility. Currently configured as a multifamily property with up to eight units, it features 11 bedrooms, 7.5 bathrooms, and five kitchens, allowing for diverse uses such as office space, retail storefront, residential rentals, or short-term rentals (Airbnbs). The building's high visibility is enhanced by existing signage, including a unique backlit billboard-style sign visible throughout downtown. The property's strong financial performance is reflected in its $1,000,000 asking price, $133.33 price per square foot, and a substantial net operating income (NOI) of $62,500. This corner location offers exceptional visibility and access, making it an ideal investment for discerning buyers seeking a high-return property in a thriving Arkansas community. The property's versatility and strong financial performance make it a rare find in the Siloam Springs market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.540804215119
    Latitude
    36.18599680445

    Comparable in this City

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      Mixed-Use Building in Downtown Siloam

      Mixed-use property with retail, office, and residential spaces.
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    • $1,300,000
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      Mixed-Use Building in Downtown

      Mixed-use property with retail, office, and residential spaces.
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      New Retail Ground Lease Opportunity

      New construction retail property on major retail corridor for sale.
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    • $600,000
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      Historic Building in Downtown Siloam

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    Similar Nearby for Sale

    • $1,300,000
      14,632 SF

      Mixed-Use Building in Downtown

      Mixed-use property with retail, office, and loft apartments.
      116 Broadway St, Siloam Springs, AR 72761
      View Details
    • $1,300,000
      14,632 SF

      Mixed-Use Building in Downtown

      Mixed-use property with retail, office, and residential spaces.
      116 Broadway St, Siloam Springs, AR 72761
      View Details
    • $1,300,000
      14,632 SF

      Mixed-Use Building in Downtown Siloam

      Mixed-use property with retail, office, and residential spaces.
      116 South Broadway St, Siloam Springs, AR 72761
      View Details
    • Contact for pricing

      New Retail Ground Lease Opportunity

      New construction retail property on major retail corridor for sale.
      3868 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • $600,000
      4,372 SF

      Victorian Multifamily in Siloam Springs

      Downtown Siloam Springs multifamily investment with value-add potential.
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    • $849,000
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      Historic Building in Downtown Siloam

      Historic corner building in downtown Siloam Springs for sale.
      101 S Broadway St, Siloam Springs, AR 72761
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    Similar Nearby for Lease

    • $17 SF/Yr
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      Retail Space on Highway 412

      Highly visible retail space with high traffic and easy access.
      1223 Us-412, Siloam Springs, AR 72761
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    • $25 SF/Yr

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    • $0.13 SF/Yr

      Siloam Springs Office/Retail Space

      Office/retail space in high-traffic area of Siloam Springs, Arkansas.
      1270 Highway 412 West, Siloam Springs, AR 72761
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    • $12 SF/Yr
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      Siloam Springs Retail/Office Space

      Retail/office space with high visibility and accessibility on US-412.
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    • $10 SF/Yr
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      Downtown Siloam Springs Retail Space

      Retail space available in downtown Siloam Springs.
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      View Details
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    115 University St
    Siloam Springs, AR 72761
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    115 University St, Siloam Springs, AR, 72761
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