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    Fayetteville Commercial Property For Sale Title is generated by Realmo AI

    3300 W Martin Luther King Jr Boulevard, Fayetteville, AR 72704

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    For Sale
    $725,000

    SINGLE_FAMILY - Fayetteville, AR

    Type:Retail
    Property size:
    1,304 SF
    Lot size:
    1.38 Acres
    Price / SF:
    $555/SF
    Added:
    Dec 12, 2022
    Days on Market:
    1250
    Last Refresh:
    May 15 at 2:06 am

    Property Features for 3300 W Martin Luther King Jr Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    APN
    765-14780-000
    Size
    1,304 SF
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Description
    see attachment
    Tax Annual Amount
    3381

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    Brennan Sharpe
    Brennan Sharpe

    Listing agent Brennan Sharpe License #SA00084262

    Listing office Steve Fineberg & Associates 104 S MAIN ST., AR

    Listing date Dec 12, 2022

    MLS# 1235070

    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

    • High‑traffic location with approximately 232' frontage on W MLK Jr Blvd and 44,000 CPD.
    • Income‑producing property with current lease generating $2,940/month and 5% annual increases through 2027.
    • Proximity to I‑49 and the University of Arkansas.
    • Backs up to the newly constructed Centennial Park.
    • Superb visibility near major retailers (Lowe's, Walmart, Aldi).
    • Recent building upgrades include a new roof, AC, gutters, and siding.

    Overview

    This commercial property is located along W Martin Luther King Jr Boulevard in Fayetteville, Arkansas, and offers proximity to I-49 and the University of Arkansas. The property is situated adjacent to the newly constructed Centennial Park. It presents income-producing potential or redevelopment opportunities. The building features a new roof, AC, gutters, and siding. It has approximately 232 feet of frontage on W Martin Luther King Jr Boulevard, which sees 44,000 cars per day. The property benefits from high visibility near major retailers, including Lowe's, Walmart, and Aldi. The current lease generates $2,940 per month, with annual increases of 5% through 2027. The property size is 1304 square feet and the lot size is 1.38 acres. Development concept plans are available upon request. The property is located in Washington County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.208018
    Latitude
    36.051

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    FAQs

    What type of property is this?
    Retail space - Commercial property near I-49 and University of Arkansas.
    Where is this retail space located?
    The property is located at 3300 W Martin Luther King Jr Boulevard Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $725,000.
    What are key features of this property?
    This property features: High‑traffic location with approximately 232' frontage on W MLK Jr Blvd and 44,000 CPD.; Income‑producing property with current lease generating $2,940/month and 5% annual increases through 2027.; Proximity to I‑49 and the University of Arkansas.
    (479) 530-3774
    We can help!
    Listing Contact
    Brennan Sharpe
    Brennan Sharpe
    Real Estate License ID: SA00084262
    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.

    More about this property
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