Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    190 Progress Ave Siloam Springs, AR 72761-4318

    • Drive through restaurants
    • 2,836 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0437432
    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.

    Current Use by Public Records

    • Zaxby's Chicken Fingers & Buffalo Wings / Delivery Restaurant / Caterer

    Property Details for 190 Progress Ave

    Lot size
    0.69 lot acres
    Property size
    2,836 SF
    Property type
    Drive through restaurants
    APN
    03-05564-000
    APU
    305564000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $366,000
      Market price range: $286k - $477k

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

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.5149
    Latitude
    36.1821
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,778
    $69,300
    $83,090
    $152,390
    -
    $346,500
    $415,450
    $761,950

    Comparable in this City

    • Value Estimation
      $365,000
      2,175 SF

      400 Hwy 412th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,175 SF
      400 Hwy 412th W, Siloam Springs, AR 72761-4608
      View Details
    • Value Estimation
      $1,430,000
      3,182 SF

      3511 Hwy 412th E

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,182 SF
      3511 Hwy 412th E, Siloam Springs, AR 72761-7090
      View Details
    • Value Estimation
      $380,000
      2,870 SF

      525 Hwy 412th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,870 SF
      525 Hwy 412th W, Siloam Springs, AR 72761-4672
      View Details
    • Value Estimation
      $455,000
      3,227 SF

      3500 Hwy 412th E

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,227 SF
      3500 Hwy 412th E, Siloam Springs, AR 72761-8675
      View Details
    • Value Estimation
      $335,000
      2,340 SF

      1001 Hwy 412th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,340 SF
      1001 Hwy 412th W, Siloam Springs, AR 72761-4549
      View Details
    • Value Estimation
      $410,000
      2,758 SF

      1115 Hwy 412th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,758 SF
      1115 Hwy 412th W, Siloam Springs, AR 72761-4551
      View Details

    Similar Nearby for Sale

    • $795,000
      3,762 SF

      Restaurant on Highway 412

      3,762 SF restaurant on 1.87 AC with highway frontage.
      1400 Highway 412 W, Siloam Springs, AR 72761
      View Details
    • Contact for pricing
      2,714 SF

      Highway 412 Retail Storefront

      Class-A retail space on Highway 412 in Siloam Springs, AR.
      1223 Us-412, Siloam Springs, AR 72761
      View Details
    • $3,304,348

      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
    • $1,700,000
      15,000 SF

      Versatile Commercial Space on Highway 412

      15,000 SF commercial space with high visibility on US HWY 412.
      1490 Highway 412 W, Siloam Springs, AR 72761
      View Details
    • Contact for pricing
      920 SF

      Siloam Springs Flex Space Available

      920 SF flex space in Siloam Springs for sale.
      1506 E Southpointe St, Siloam Springs, AR 72761
      View Details
    • Contact for pricing
      1,100 SF

      Siloam Springs Office/Retail Space

      Office or retail space in high-traffic Siloam Springs, Arkansas.
      1270 Highway 412 West, Siloam Springs, AR 72761
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      11,273 SF

      Siloam Springs Retail Plaza

      Prime Retail Space, High Visibility
      3200 Us-412, Siloam Springs, AR 72761
      View Details
    • $25 SF/Yr
      11,273 SF

      Retail Space Near Walmart

      Prime retail leasing opportunity with high visibility and ample parking.
      3200 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • $1,479,000
      9,860 SF

      Versatile Retail/Office & Warehouse Space

      Retail/office space with warehouse, roll-up doors, highway access.
      1971 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • $8 SF/Yr
      14,682 SF

      Siloam Springs Warehouse For Lease

      14,682 SF Warehouse, Excellent Location
      1201 Lake Francis Dr, Siloam Springs, AR 72761
      View Details
    • $1,350 /Mo
      1,224 SF

      Siloam Springs Duplex with Yard

      Spacious 3 bed, 2 bath duplex with fenced backyard.
      607 W Weymouth Ct, Siloam Springs, AR 72761
      View Details
    • $0.13 SF/Yr
      1,050 SF

      Siloam Springs Office Space - Hwy 412

      High-traffic location, 1,050 sq ft office.
      1270 Highway 412, Siloam Springs, AR 72761
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    190 Progress Ave
    Siloam Springs, AR 72761-4318
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.