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    Fayetteville Commercial Space For Rent Title is generated by Realmo AI

    3340 N College Ave #5, Fayetteville, AR 72703

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    For Lease
    $16 SF/Yr $5,333/Mo (calc)

    COMMERCIAL - Fayetteville, AR

    Type:Retail
    Property size:
    4,000 SF
    Lot size:
    1.00 Acre
    Added:
    Dec 1, 2024
    Days on Market:
    526
    Last Refresh:
    May 11 at 8:06 am

    Property Features for 3340 N College Ave #5

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Expense value
    10000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1970
    Floors in Building
    1

    We can help!

    Listing Contact
    George Faucette, Jr

    Listing agent George Faucette, Jr License #EB00001940

    Listing office Coldwell Banker Harris McHaney & Faucette -Fayette 3589 N College, Fayetteville, AR

    Listing date Dec 1, 2024

    MLS# 1292713

    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 location in North Fayetteville near I‑49 and major retail.
    • High traffic count (34,000 per day) on College Avenue.
    • Abundant parking immediately in front of the premises.
    • Excellent signage on the building.
    • Existing build‑out suitable for medical offices with 7 examining rooms, lab, and reception area.
    • Located within a shopping center with established businesses.

    Overview

    This commercial space is located in North Fayetteville, offering a prime location near I-49 and the city's major retail areas. The 2022 traffic count on College Avenue, one block south of the property, was 34,000 vehicles per day. The shopping center includes Village Inn, FedEx, Liquor World, 7Brew, and Bargain Brothers. Nearby businesses include Whole Foods, Fiesta Square Shopping Center, Cain's Chicken, Chipotle, and numerous other small businesses. Ample parking is available directly in front of the premises. The property is currently configured for medical offices, featuring 7 examining rooms, staff support areas, a lab room, a reception area, and additional offices. The property offers excellent signage on the building. The lot size is 1 acre and the property size is 4,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mascot Media Marketing & Advertising Medical Associates-Nw Arkansas Medical Clinic Bargain Brothers Fayetteville Discount Store Hennigan Cheryl Medical Clinic MANA Family Medicine ... Pediatrician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.14324
    Latitude
    36.111897

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    FAQs

    What type of property is this?
    Retail space - Prime location near I-49 and major retail, excellent signage.
    Where is this retail space located?
    The property is located at 3340 N College Ave #5 Fayetteville, AR.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime location in North Fayetteville near I‑49 and major retail.; High traffic count (34,000 per day) on College Avenue.; Abundant parking immediately in front of the premises.
    4795216106x2
    We can help!
    Listing Contact
    George Faucette, Jr
    Real Estate License ID: EB00001940
    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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    3340 N College Ave, #5, Fayetteville, AR 72703
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