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    200 Progress Ave Siloam Springs, AR 72761-4325
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    Property profile & analytics

    200 Progress Ave, Siloam Springs, AR 72761-4325

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    • Banks
    • 57,503 SF
    • 7.08 lot acres
    Off-Market
    Property ID
    US05-0361247
    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
    $1,925,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tim Craig, REALTOR® / Real Estate Agency
    • Nail Status / Nail Salon
    • Supercuts / Hair Salon
    • Generations Bank / Bank / Loan Service
    • Eat My Catfish / Restaurant

    Property Details for 200 Progress Ave

    Year built
    2006
    Lot size
    7.08 lot acres
    Property type
    Banks
    APN
    03-05563-000
    APU
    305563000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 13, 2026 — Signature Plaza Of Siloam Spri — Deed · related $750k · Signature Bank Of Ar
    Dec 4, 2025 — Signature Plaza Of Siloam Springs L — Deed · related $5.3M · Signature Bank Of Arkansas
    Jun 11, 2025 — Signature Plaza Of Siloam Springs L — Deed · related $500k · Signature Bank Of Arkansas
    Oct 27, 2020 $165,500 Rosa M Amaya Robert Mcallan Warranty Deed —
    Jul 12, 2019 — Signature Plz Of Siloam Springs L — Deed · related —
    Jun 3, 2019 — Signature Plz Of Siloam Spring — Deed · related —
    May 31, 2019 — Signature Plz Of Siloam Spring — Deed · related —
    May 30, 2019 — Signature Plz Of Siloam Spring — Deed · related —
    Jan 19, 2017 — Lc Siloam Springs LLC — Deed · related $9M · Wells Fargo Bk
    Jun 17, 2016 — Signature Plaza Of Siloam Springs — Deed · related $4.6M · Signature Bk/ar
    Sep 26, 2007 — Signature Plaza Of Siloam Springs — Trustees Deed · related $300k · Signature Bank Ar
    Mar 20, 2007 — Signature Plaza Of Siloam Springs — Trustees Deed · related $700k · Signature Bank Ar
    Apr 6, 2006 — Signature Plaza Of Siloam Springs — Grant Deed · related $5M · Signature Bank Ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $274k · Signature Bk/ar
    — — Signature Plaza Of Siloam Springs — Deed Of Trust · related $406k · Signature Bank Ar
    — — Signature Plaza Of Siloam Springs — Deed Of Trust · related $394k · Signature Bank Ar
    — — Lc Siloam Springs LLC — Deed Of Trust · related $9M · Wells Fargo Bk
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $640k · Signature Bk/ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $363k · Signature Bk/ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $374k · Signature Bk/ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $4.6M · Signature Bk/ar
    — — Signature Plz Of Siloam Spring — Loan Modification · related —
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $289k · Signature Bank Ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $675k · Signature Bank Ar
    — — Signature Plaza Of Siloam Springs — Loan Modification · related $4.8M · Signature Bank Ar
    — — Signature Plz Of Siloam Springs L — Loan Modification · related —
    — — Signature Plz Of Siloam Spring — Loan Modification · related —
    — — Signature Plz Of Siloam Spring — Loan Modification · related —
    — — Signature Plz Of Siloam Spring — Loan Modification · related —
    — — Signature Plz Of Siloam Spring — Loan Modification · related —

    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
    -94.5154
    Latitude
    36.183
    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
    $44,697
    $395,070
    $380,920
    $775,990
    -
    $1,975,350
    $1,904,600
    $3,879,950

    Comparable in this City

    • Value Estimation
      $755,000
      18,314 SF

      1645 Hwy 412th W

      FINANCIAL BUILDING
      1645 Hwy 412th W, Siloam Springs, AR 72761-4557
      View Details
    • Value Estimation by Request
      4,982 SF

      2485 Hwy 412th E

      FINANCIAL BUILDING
      2485 Hwy 412th E, Siloam Springs, AR 72761-8657
      View Details
    • Value Estimation by Request
      3,832 SF

      2730 Hwy 412th E

      FINANCIAL BUILDING
      2730 Hwy 412th E, Siloam Springs, AR 72761-8005
      View Details
    • Value Estimation by Request
      3,596 SF

      2401 Main St

      FINANCIAL BUILDING
      2401 Main St, Siloam Springs, AR 72761-5591
      View Details
    • Value Estimation by Request
      2,447 SF

      101 Hwy 412th W

      FINANCIAL BUILDING
      101 Hwy 412th W, Siloam Springs, AR 72761-4527
      View Details
    • Value Estimation
      $555,000
      7,160 SF

      1660 Hwy 412th W

      FINANCIAL BUILDING
      1660 Hwy 412th W, Siloam Springs, AR 72761-4556
      View Details

    Similar Nearby for Sale

    • $735,000
      8,252 SF

      Development-Ready Site on Highway 412

      Turn-key site with city-approved plans and high traffic exposure.
      E Kenwood 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
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    • Contact for pricing
      15,000 SF

      Versatile Commercial Space on Highway

      15,000 SF commercial space with high traffic exposure.
      1490 Highway 412 W, Siloam Springs, AR 72761
      View Details
    • $735,000
      1.47 Acres

      Development-Ready Site on Highway 412

      Turn-key commercial site with high traffic exposure.
      412 E Kenwood 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
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    • Contact for pricing
      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

    Similar Nearby for Lease

    • $25 SF/Yr

      Retail Space Near Walmart

      Prime retail leasing opportunity with high visibility and ample parking.
      3200 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • $9 SF/Yr
      3,250 SF

      Siloam Springs Retail/Office Space

      Versatile 3,250 SF space in Highland Park Shopping Center.
      1011 Mount Olive St S, Siloam Springs, AR 72761
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    • $11 SF/Yr
      2,100 SF

      Siloam Springs Commercial Space

      Versatile commercial space in established Siloam Springs corridor.
      1706 Southpointe, Siloam Springs, AR 72761
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    • Contact for pricing

      Siloam Springs Office/Retail Space

      Office/retail space in high-traffic area of Siloam Springs, Arkansas.
      1270 Highway 412 West, Siloam Springs, AR 72761
      View Details
    • New
      $13 SF/Yr
      750 SF

      Office/Retail Suite with Open Workspace

      Versatile 750 SF suite with showroom/work area, back room, and private restroom—ideal for a wide range of tenants.
      883 Dogwood St, Siloam Springs, AR 72761
      View Details
    • $18 SF/Yr
      2,075 SF

      Siloam Springs Retail Space Available

      Prime retail space in high-traffic area near national retailers.
      1123 Us-412, Siloam Springs, AR 72761
      View Details
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    200 Progress Ave
    Siloam Springs, AR 72761-4325
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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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    200 Progress Ave, Siloam Springs, AR, 72761
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