Multi-Story Office
For Sale
$3,650,000
2 N College Avenue, Fayetteville, AR 72701
CommercialSale, Fayetteville, AR
Property Size16,988 SF
Lot Size0.46 Acres
Price / SF$214.73
Days on Market237
Property Features for 2 N College Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Lot features
Central Business District
Directions
From I-49, take exit 67A for US-71B S/College Ave toward Fayetteville. Continue south on US-71B S/N College Ave for approximately 3 miles. The property, located at 2 N College Ave, will be on your right, just past E Meadow St and directly across from the Historic Washington County Courthouse. Look for the distinctive 1905 building with its prominent facade.
Standard status
Active
APN
765-12715-000
Size
16,998 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
P L 244 NW 8 FT S SIDE & 75 FT OF 25 86/240 FURTHER DESCRIBED FROM 2010-16225 AS: PART OF THE SW 1/4 OF THE NW 1/4 OF SECTION 15, T-16-N, R-30-W, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED ON A PLAT-OF-SURVEY BY ALAN REID & ASSOCI ATES
Tax Annual Amount
30613
Legal Description
P L 244 NW 8 FT S SIDE & 75 FT OF 25 86/240 FURTHER DESCRIBED FROM 2010-16225 AS: PART OF THE SW 1/4 OF THE NW 1/4 OF SECTION 15, T-16-N, R-30-W, WASHINGTON COUNTY, ARKANSAS, BEING MORE PARTICULARLY DESCRIBED ON A PLAT-OF-SURVEY BY ALAN REID & ASSOCI ATES
Building Details
Year built
1905
Listing Agency:
CBRE, Inc-Fayetteville
(479) 301-2520
Listed By:
Hunter Groce · License #SA00083831
(479) 249-9520
Added: Mar 8
Changed: Sep 29
Last Checked: Oct 31 at 8:06AM
MLS# 1338558
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building at 2 N College Avenue includes three floors of office space plus a basement and 30 dedicated parking spaces. Constructed in 1905, the property is fully leased under an agreement extending through July 2027. The building occupies a 0.455-acre site in Fayetteville.
The property is positioned on College Avenue near the University of Arkansas and the Washington County Courthouse. Its central Fayetteville setting provides an established downtown office location for the existing tenancy.
The property is positioned on College Avenue near the University of Arkansas and the Washington County Courthouse. Its central Fayetteville setting provides an established downtown office location for the existing tenancy.
Key Highlights
- Fully leased through July 2027
- Three floors of office space plus a basement
- 30 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$256,643
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,132,860
$5.1M
Cap Rate 7%
$3,666,329
$3.7M
Cap Rate 9%
$2,851,589
$2.9M
Market Conditions
NOI Build-Up for 16,998 SF
Gross rent
$367.2K $21.60/SF
− Vacancy
−$25.0K −$1.47/SF
EGI
$342.2K $20.13/SF
− OpEx
−$85.5K −$5.03/SF
NOI
$256.6K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,132,860
Cap Rate 7%
$3,666,329
Cap Rate 9%
$2,851,589
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $256,643 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,377 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Fully leased office property with three floors, a basement, and dedicated parking near the University of Arkansas.
Where is this office building located?
The property is located at 2 N College Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Fully leased through July 2027; Three floors of office space plus a basement; 30 dedicated parking spaces
