Property profile

16727 Highway 62 Garfield, AR 72732

FOR LEASE
Retail space
Property ID
US05-2245707
5,000 SF 3 ac lot
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment property, located at 16727 Highway 62 Unit 2, Garfield, AR, presents a compelling opportunity for discerning investors. The 5,000 square foot retail building sits on a sizable 3-acre lot, boasting over 200 feet of prime Highway 62 frontage. This provides excellent visibility and accessibility for businesses. The property is currently 100% leased under a triple-net (NNN) lease structure, ensuring a consistent income stream. Importantly, new leases commenced in 2025, securing long-term rental income. The building itself underwent a complete remodel in 2023, ensuring modern and attractive spaces for tenants. The property's strategic location on Highway 62, coupled with the substantial lot size, offers significant potential for future expansion or development. The current 9.3% capitalization rate demonstrates the strong financial performance of this investment. This is a turnkey investment opportunity with a proven track record and significant upside potential. The two-tenant building provides diversification and reduced risk, making it an attractive option for investors seeking stable returns. The property's size and location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a high-performing retail property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 5,000 SF
Lot 3 ac (130,680 SF)
APN 09-00170-003
UPID US05-2245707

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16727 Highway 62 Garfield, AR 72732
Garfield metro Census 21404 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2021
Last sale
$337,000
4 recorded transactions
2025
Price N/A
2021
$307,367
2016
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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