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    Property profile & analytics
    FOR SALE
    Retail space

    16727 Highway 62, Garfield, AR 72732

    5,000 SF 3 ac lot
    Entity Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-2245707
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Elkhorn Bank · 5 yrs held
    Elkhorn Bank
    since 2021
    Last sale
    $337,000
    4 recorded transactions
    2025
    2021
    $307,367
    2016
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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