Tenant-Occupied Warehouse
For Sale
$1,895,000
3513 Martin Luther King Jr Boulevard, Fayetteville, AR 72704
COMMERCIAL - Fayetteville, AR
Property Size13,127 SF
Lot Size2.22 Acres
Price / SF$144.36
Days on Market773
Property Features for 3513 Martin Luther King Jr Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Going west on MLK property is on the left past Lowe's.
Standard status
Active
APN
765-14792-000
Size
13,127 SF
Lot size
2.22 Acres
Taxes and HOA fees
Tax Description
Legal in file
Tax Annual Amount
7255
Legal Description
Legal in file
Building Details
Year built
1971
Listing Agency:
Arkansas Heritage Realty
(479) 521-2252
Listed By:
Will Schmidt · License #PB00057734
(479) 521-2252
Added: Jul 10, 2024
Changed: Aug 19
Last Checked: Aug 21 at 8:06AM
MLS# 1280966
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.
Investment Insights
Based on property information with market context.
This industrial property comprises 13,127 square feet across three warehouse buildings on 2.22 acres. All three structures are occupied by tenants, providing an existing operating configuration rather than vacant space. The improvements date to 1971.
Located at 3513 Martin Luther King Jr Boulevard in Fayetteville, Arkansas, the property benefits from frontage along a major road. Two warehouse leases are month-to-month, while the third extends beyond a month-to-month arrangement, creating varied lease terms across the site. Property access for showings is restricted until an accepted contract is in place.
Located at 3513 Martin Luther King Jr Boulevard in Fayetteville, Arkansas, the property benefits from frontage along a major road. Two warehouse leases are month-to-month, while the third extends beyond a month-to-month arrangement, creating varied lease terms across the site. Property access for showings is restricted until an accepted contract is in place.
Key Highlights
- Three tenant‑occupied warehouse buildings totaling 13,127 square feet
- 2.22‑acre industrial property with frontage on a major road
- Located at 3513 Martin Luther King Jr Boulevard in Fayetteville, AR
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,380
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,607,600
$1.6M
Cap Rate 7%
$1,148,286
$1.1M
Cap Rate 9%
$893,111
$893.1K
Market Conditions
NOI Build-Up for 13,127 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.5K $8.04/SF
− Vacancy
−$11.0K −$0.84/SF
EGI
$94.6K $7.20/SF
− OpEx
−$14.2K −$1.08/SF
NOI
$80.4K $6.12/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,607,600
Cap Rate 7%
$1,148,286
Cap Rate 9%
$893,111
Alternative Uses
Best Use
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,380 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$1.10M
$959.3K – $1.28M
NOI $76,746 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$3.52M
$3.08M – $4.11M
NOI $246,645 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Hall's Junk Removal and Hauling — 1190 SE Farmers Dr, Fayetteville, AR 72701
- The Hogpen Parking and Storage — 3595 M.L.K. Jr Blvd, Fayetteville, AR 72704
- AAA Self Storage — 2712 M.L.K. Jr Blvd, Fayetteville, AR 72704
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial property with multiple occupied warehouse buildings and established lease arrangements.
Where is this warehouse located?
The property is located at 3513 Martin Luther King Jr Boulevard Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Three tenant‑occupied warehouse buildings totaling 13,127 square feet; 2.22‑acre industrial property with frontage on a major road; Located at 3513 Martin Luther King Jr Boulevard in Fayetteville, AR
