Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    516 E Millsap RD Unit #100 Fayetteville, AR 72703

    View on Map
    For Sale
    Contact for pricing

    Office - Fayetteville, AR

    Type:Office
    Property size:
    3,786 SF
    Lot size:
    1.81 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    226
    Last Refresh:
    Apr 3 at 5:06 am

    Property Features for 516 E Millsap RD Unit #100

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Parking
    3786
    Standard status
    Active
    Size
    3,786 SF
    Lot size
    1.81 Acres

    Building Details

    Year built
    2000
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeremy Kennedy

    Listing agent Jeremy Kennedy

    Listing office Lindsey & Associates Inc 1200 East Joyce Blvd, AR

    Listing date Aug 21, 2025

    MLS# 1319084 Listing URL

    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 Office Space Available

    This 3,786 square foot office space is located in the Millsap Commercial Corridor. The layout includes a reception area, break room, seven offices, a conference room, a large open workspace suitable for cubicles, and restrooms. There is potential to add contiguous space, bringing the total area to 7,508 square feet. The property is situated on a 1.81-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hawkins-Weir Engineers, Inc. Engineering Consultant HoganTaylor LLP Accounting Firm Wheeler Holly Insurance Agency Schneider Electric Production Facility Arvest Private Banking Financial Advisor

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.150258
    Latitude
    36.1146192

    Nearby Similar for Sale

    • $635,000
      2,790 SF

      Fayetteville Office with Downtown Zoning

      Established office property near downtown Fayetteville with flexible occupancy.
      275 E Huntsville RD, Fayetteville, AR 72701
      View Details
    • $18
      5,960 SF

      Fayetteville Office Building on College

      Professional office building near Downtown Fayetteville and University of Arkansas.
      215 N College AVE, Fayetteville, AR 72701
      View Details
    • $28
      14,440 SF

      Remodeled Commercial Property on US-71B

      Fully remodeled commercial property in Fayetteville, available Q1 2027.
      1107 S School AVE, Fayetteville, AR 72701
      View Details
    • $24
      4,274 SF

      Remodeled Commercial Property in Fayetteville

      Remodeled commercial property on high-visibility South School Ave.
      1221 S School AVE, Fayetteville, AR 72701
      View Details
    • $23
      6,800 SF

      Adaptable Space in High-Visibility Location

      Versatile space suitable for office, retail, medical, or childcare.
      3422 College AVE Unit #3-5, Fayetteville, AR 72703
      View Details
    • $24
      1,033 SF

      Fayetteville Retail/Office Space Available

      Retail or office space with ample natural light and parking.
      384 E Sunbridge DR, Fayetteville, AR 72703
      View Details
    • $558,000
      2,866 SF

      Upscale Duplex on Corner Lot

      Fayetteville duplex on corner lot, ideal for investment/family.
      6297 and 6299 W Milliken BND, Fayetteville, AR 72704
      View Details
    • $30
      3,500 SF

      Fayetteville Restaurant Opportunity For Sale

      Restaurant opportunity in Fayetteville's Uptown District with existing kitchen build-out.
      3931 N Shiloh DR Unit #2, Fayetteville, AR 72703
      View Details
    • $3,650,000
      16,998 SF

      Fayetteville Office Building Investment

      Fully leased multi-story office building near University of Arkansas.
      2 N College AVE, Fayetteville, AR 72701
      View Details
    • $25
      3,490 SF

      Downtown Fayetteville Office Space

      3,490 SF office space in the heart of Fayetteville.
      21 W Mountain ST Unit #300A, Fayetteville, AR 72701
      View Details
    • $1,250,000
      6,500 SF

      Refurbished Warehouse in South Fayetteville

      6,500 SF updated warehouse with interstate access for sale.
      2716 S School AVE, Fayetteville, AR 72701
      View Details
    • $16
      6,355 SF

      Fayetteville Retail Space on College

      Retail property on College Avenue with modern design and ample space.
      427 N College AVE, Fayetteville, AR 72701
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Millsap Commercial Corridor with expansion potential.
    Where is this office units located?
    The property is located at 516 E Millsap RD Unit #100 Fayetteville, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 3,786 SF office space in Millsap Commercial Corridor.; Potential to add contiguous space for a total of 7,508 SF.; Includes reception area, break room, 7 offices, and conference room.
    (479) 636-2200
    We can help!
    Listing Contact
    Jeremy Kennedy
    Real Estate License ID: SA00059336
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!