Add Listing
    For Lease
    • 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

    21 W Mountain Street Fayetteville, AR 72712

    View on Map
    Claim this Listing
    For Lease
    $18 SF/Yr

    COMMERCIAL - Fayetteville, AR

    Type:Office
    Property size:
    3,415 SF
    Added:
    Feb 5, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 17 at 6:06 pm

    Property Features for 21 W Mountain Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking features
    On Street, Garage
    Standard status
    Active
    Size
    3,415 SF

    Taxes and HOA fees

    Expense value
    4980
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1925
    Floors in Building
    2

    We can help!

    Listing Contact
    Salmonsen Group Realtors

    Listing agent Salmonsen Group Realtors

    Listing office Keller Williams Market Pro Realty Bentonville West 201 SW 14th St. Suite 203, Fayetteville, AR

    Listing date Feb 5, 2026

    MLS# 1335057

    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.

    Overview

    Downtown Fayetteville Office/Retail Space

    This +/- 3,415 SF office/retail space is available for lease on the Fayetteville Downtown Square. It offers visibility and flexibility for retail, office, or restaurant concepts. The space has three separate entrances, two opening to the building's courtyard and one providing direct access to Block Avenue. The layout includes a large open area suitable for coworking, merchandise displays, or seating, along with multiple private offices and restrooms. Located adjacent to the Fayetteville Town Center and surrounded by destinations such as Tiny Tim's Pizza, Jammin Java Coffee Bar, and retail and entertainment venues, this modern space benefits from pedestrian activity and a downtown setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Urban Cellar Winery Brewery & Distillery Fayetteville Chamber of Commerce Charitable Organization Alexis Information Systems ... Tech Support Center Austin Lucas Law ... Law Firm Custard Insurance Adjusters Insurance Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.160263
    Latitude
    36.061788

    Nearby Similar for Lease

    • $19/mo

      Fayetteville Office Space Available

      East Fayetteville office space for lease with ample natural light.
      2901 E Zion Road, Fayetteville, AR 72703
      View Details
    • Contact for pricing

      Fayetteville Retail/Office Space Available

      Move-in ready retail/office space with high traffic and ample parking.
      2355 Center Street, Fayetteville, AR 72701
      View Details
    • $16/mo

      Fayetteville Warehouse/Office Space For Rent

      Prime commercial space with warehouse and office in Fayetteville, AR.
      535 W Poplar Street, Fayetteville, AR 72703
      View Details
    • $24/mo

      Adaptable Space in High-Visibility Location

      Versatile 6,800 SF space suitable for various business uses.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • $25/mo

      Fayetteville Commercial Space For Lease

      Adaptable 3,288 SF space in high-visibility Fayetteville location.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • Contact for pricing

      Fayetteville Commercial Space For Lease

      Well-appointed 520 SF space ideal for office or retail.
      75 Colt Square Drive, Fayetteville, AR 72703
      View Details
    • $16/mo

      Fayetteville Flex Building For Lease

      New construction flex building suitable for office, showroom, warehouse.
      10041 N Campbell Road, Fayetteville, AR 72701
      View Details
    • $18/mo

      Fayetteville Office Building For Rent

      Professional office building with great exposure and convenient location.
      215 N College Avenue, Fayetteville, AR 72701
      View Details
    • $26/mo

      Downtown Fayetteville Office Space

      Iconic downtown Fayetteville office space for rent.
      21 W Mountain Street, Fayetteville, AR 72701
      View Details
    • $26/mo

      Retail and Office Space

      Prime Fayetteville location with high visibility and strong demographics.
      3931 N Shiloh Drive, Fayetteville, AR 72703
      View Details
    • $28/mo

      Remodeled Commercial Property, Fayetteville

      Remodeled commercial property in high-visibility South Fayetteville corridor.
      1107 S School Avenue, Fayetteville, AR 72701
      View Details
    • $26/mo

      Downtown Fayetteville Office Space

      Iconic downtown Fayetteville office space for rent.
      21 W Mountain Street, Fayetteville, AR 72701
      View Details

    FAQs

    What type of property is this?
    Office units - 3,415 SF office/retail space on Fayetteville Downtown Square.
    Where is this office units located?
    The property is located at 21 W Mountain Street Fayetteville, AR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Premier downtown location on the Fayetteville Square with high pedestrian traffic.; Versatile space suitable for retail, office, or restaurant use.; Large open area ideal for coworking, displays, or seating.
    (479) 231-1355
    We can help!
    Listing Contact
    Salmonsen Group Realtors
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!