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    Fayetteville Office/Warehouse Space for Lease Title is generated by Realmo AI

    2887 N College Avenue, Fayetteville, AR 72703

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    For Lease
    $8 SF/Yr $4,122/Mo (calc)

    COMMERCIAL - Fayetteville, AR

    Property size:
    6,184 SF
    Added:
    Nov 10, 2025
    Days on Market:
    190
    Last Refresh:
    May 19 at 2:06 pm

    Property Features for 2887 N College Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Size
    6,184 SF

    Taxes and HOA fees

    Expense value
    9290
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Michael Driver

    Listing agent Michael Driver License #PB00069542

    Listing office Driver Real Estate Group 240 N Block Avenue Suite 303, Fayetteville, AR

    Listing date Nov 10, 2025

    MLS# 1327779

    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.

    HighLights

    • Prime central location on N. College Avenue with high traffic exposure.
    • UC (Urban Corridor) zoning allows for a wide range of commercial uses.
    • Convenient access to Hwy 71B and I‑49.
    • 11,148‑square‑foot office/warehouse suite with approximately +2,500‑square‑foot heated and cooled office/showroom.
    • Four roller doors for easy loading and unloading.
    • Warehouse with 16'11" clear heights and natural temperature regulation.

    Overview

    Located along N. College Avenue, this commercial property in Fayetteville, Arkansas, offers a combination of office and warehouse space. The 11,148-square-foot suite includes approximately 2,500 square feet of heated and cooled office/showroom area. The warehouse portion features clear heights of approximately 16 feet 11 inches and built-in heaters. There are four roller doors of varying sizes: two measuring 9 feet 11 inches, one 14-foot door, and one 6-foot 11-inch door. The warehouse benefits from its placement against the hillside, which helps maintain a comfortable temperature throughout the year. The property is zoned UC (Urban Corridor), accommodating a wide range of commercial uses. It is situated with convenient access to major routes, being 1 mile from Hwy 71B, 1.6 miles from I-49, and a short distance from downtown Fayetteville. The location provides excellent exposure with a traffic count of 33,000 vehicles per day. The minimum divisible space is 4,000 square feet, making it suitable for businesses needing a balance of functional warehouse space and modern office accommodations in a central location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Paintings Store Superior Van & Mobility Production Facility

    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.

    Similar Places Nearby

    • College Street Storage — 2593 N College Ave, Fayetteville, AR 72703

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.148345
    Latitude
    36.103435

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    FAQs

    What type of property is this?
    Warehouse - Centrally located office/warehouse with excellent exposure and convenient access.
    Where is this warehouse located?
    The property is located at 2887 N College Avenue Fayetteville, AR.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Prime central location on N. College Avenue with high traffic exposure.; UC (Urban Corridor) zoning allows for a wide range of commercial uses.; Convenient access to Hwy 71B and I‑49.
    (479) 435-0238
    We can help!
    Listing Contact
    Michael Driver
    Real Estate License ID: PB00069542
    Learn More
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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.

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    2887 N College Avenue, Fayetteville, AR 72703
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