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    350 E Millsap Road Fayetteville, AR 72703

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    Claim this Listing
    For Lease
    $18 SF/Yr $4,704/Mo (calc)

    COMMERCIAL - Fayetteville, AR

    Property size:
    3,136 SF
    Lot size:
    1.40 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    187
    Last Refresh:
    May 1 at 4:06 pm

    Property Features for 350 E Millsap Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    3,136 SF
    Lot size
    1.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    16385
    Expense value
    9400
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1997
    Floors in Building
    2

    We can help!

    Listing Contact
    Lihua Clark

    Listing agent Lihua Clark License #EB00088616

    Listing office Collier & Associates 2909 Glory Dr. #201, Augusta, AR

    Listing date Oct 27, 2025

    MLS# 1326628

    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

    Fayetteville Medical Office Space

    Located in Fayetteville's medical and office corridor, this move-in-ready suite is situated just two blocks east of Washington Regional Medical Center, offering quick access to I-49. The property taxes, insurance, and maintenance are included in the price. All utilities are available for a flat monthly fee. The space features four private offices, a front desk and reception area, a nurse station, and a shared break and meeting room. On the second floor, up to four rooms are available, and tenants may lease one, two, three, or all four rooms as needed. The property is ideal for a family doctor's office, physiotherapy clinic, chiropractic practice, massage therapy, or psychological counseling center. It can also be adapted for any office related to healthcare services or health-related products. This is a multi-tenant medical office with one pain specialist already in place, providing an excellent opportunity for cross-referrals and professional synergy. The property is situated on a 1.395-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raben Cyril a MD Physician Chinese Association of North ... Association / Organization Joann Mahan Pediatrician Cathy C. Luo, ... Physician Pain Management and Rehabilitation ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • PetSmart Veterinary Services Fayetteville — 3585 N Shiloh Dr, Fayetteville, AR 72703
    • All Cats Clinic — 3100 N College Ave, Fayetteville, AR 72703
    • VetIQ Petcare — 3919 Mall Ave, Fayetteville, AR 72703
    • Animal Medical Clinic: Belviy Michelle DVM — 3045 N Market Ave #3, Fayetteville, AR 72703
    • Animal Medical Clinic: Jaycox Jennifer DVM — 3045 N Market Ave #3, Fayetteville, AR 72703

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.152003
    Latitude
    36.11437

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in-ready medical office space near Washington Regional Medical Center.
    Where is this medical office space located?
    The property is located at 350 E Millsap Road Fayetteville, AR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Fayetteville's medical and office corridor, near Washington Regional Medical Center and I‑49.; Move‑in ready suite featuring four private offices, reception area, nurse station, and shared break/meeting room.; All‑inclusive price covers property taxes, insurance, and maintenance, plus low fixed utilities of $150/month.
    (479) 841-1530
    We can help!
    Listing Contact
    Lihua Clark
    Real Estate License ID: EB00088616
    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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    350 E Millsap Road, Fayetteville, AR 72703

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