Add Listing
    For Sale
    • 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

    1640 S Morningside Dr Unit, Unit 3 Fayetteville, AR 72701

    View on Map
    Sponsored
    For Sale
    $345,000

    Commercial - Fayetteville, AR

    Lot size:
    8.00 Acres
    Days on Market:
    62
    Last Refresh:
    Mar 29 at 3:06 pm

    Property Features for 1640 S Morningside Dr Unit

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    765-15145-000
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    8.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Salmonsen Group Realtors

    Keller Williams Market Pro Realty

    Listing agent Salmonsen Group Realtors

    Listing date Jan 26, 2026

    MLS# 1327051 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fayetteville Commercial Land Opportunity

    This property features approximately 8 acres of land situated on the front of E 15th St, which experiences approximately 16,000 vehicles per day. Utilities are readily available on-site or in close proximity. The location is along the edge of a recently constructed subdivision developed by a leading national builder. The front approximately 4 acres are currently zoned C-1 Neighborhood Commercial, making it suitable for a QSR, Retail/Office Spaces, or Short-Term Rentals. The back approximately 4 acres are currently zoned RSF8, which allows for single-family homes or short-term rentals. The property is conveniently located just a short 5-minute drive to Downtown Fayetteville and the University of Arkansas Campus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.143497
    Latitude
    36.046697

    Nearby Similar for Sale

    • New
      $635,000
      2,790 SF

      Fayetteville Office with Downtown Zoning

      Established office property near downtown Fayetteville with flexible occupancy.
      275 E Huntsville Rd, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      6,800 SF

      Adaptable Space in High-Visibility Location

      Versatile space suitable for office, retail, medical, or childcare.
      3422 College Ave, Fayetteville, AR 72703
      View Details
    • $2,300,000
      6,216 SF

      Fayetteville Multi-Suite Complex For Sale

      Highly visible, fully leased multi-suite complex in Uptown Fayetteville.
      3945 N Vantage Dr, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      4,540 SF

      Fayetteville Medical/Dental Office Space

      Move-in ready medical/dental suite near Washington Regional Medical Center.
      350 E Millsap Rd, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      3,136 SF

      Fayetteville Medical/Dental Office Space

      Move-in ready medical/dental suite near Washington Regional Medical Center.
      350 E Millsap Rd, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      5,475 SF

      Fayetteville Retail/Office Space Available

      5,475 SF retail/office space on Fayetteville Downtown Square.
      21 W Mountain St, Fayetteville, AR 72712
      View Details
    • Contact for pricing
      4,000 SF

      Fayetteville Retail/Medical Office Space

      Prime location near I-49 and major retail areas.
      3340 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      5,960 SF

      Fayetteville Office Building on College

      Professional office building near Downtown Fayetteville and University of Arkansas.
      215 N College Ave, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      14,440 SF

      Remodeled Commercial Property on US-71B

      Fully remodeled commercial property in Fayetteville, available Q1 2027.
      1107 S School Ave, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      4,274 SF

      Remodeled Commercial Property in Fayetteville

      Remodeled commercial property on high-visibility South School Ave.
      1221 S School Ave, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      6,346 SF

      Downtown Fayetteville Office Space

      Iconic downtown office space with modern amenities and parking.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      3,490 SF

      Downtown Fayetteville Office Space

      3,490 SF office space in the heart of Fayetteville.
      21 W Mountain St, Fayetteville, AR 72701
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8 acres of commercial land near Downtown Fayetteville and University of Arkansas.
    Where is this commercial land located?
    The property is located at 1640 S Morningside Dr Unit, Unit 3 Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $345,000.
    What are key features of this property?
    This property features: - 1.8 Acres of Land with High Traffic Frontage (16,000 VPD) on E 15th St; - Zoned for Diverse Uses: C-1 (Commercial) and RSF8 (Residential); - Ideal for QSR, Retail/Office, Single Family Homes, or Short-Term Rentals
    (479) 718-2800
    Request Owner's contact information
    1640 S Morningside Dr Unit, Unit 3 Fayetteville, AR 72701
    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.
    1640 S Morningside Dr Unit, Unit 3
    Fayetteville, AR 72701
    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
    1640 S Morningside Dr Unit, Unit 3 Fayetteville, AR 72701
    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

    We can help!
    Listing Contact
    Salmonsen Group Realtors
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!