C-2 Commercial Land
For Sale
Contact for pricing
Pending
1006 N Marvin Avenue, Fayetteville, AR 72704
The parcel has C-2 zoning and deeded access from Marvin Drive and Wedington.
Property Size1,400 SF
Days on Market1055
Property Features for 1006 N Marvin Avenue
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Harris McHaney & Faucette Fayetteville
(479) 521-6106
Listed By:
Misty Barnes · License #SA00056713
Source:
Crexi
Added: Oct 13, 2023
Changed: Aug 29
Last Checked: Aug 31 at 9:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Harris McHaney & Faucette Fayetteville
Investment Insights
Based on property information with market context.
This commercial land parcel at 1006 N Marvin Avenue in Fayetteville carries C-2 zoning and encompasses almost half an acre. Deeded access is available from Marvin Drive and through the gas station on Wedington Drive, providing multiple approach points to the site.
The property sits in the west Fayetteville corridor near I-49 and Hwy 16 W. Surrounding context includes student housing, family neighborhoods, grocery stores, pharmacies, and restaurants. The site is positioned near established residential and commercial activity, with access connected to the Wedington corridor.
The property sits in the west Fayetteville corridor near I-49 and Hwy 16 W. Surrounding context includes student housing, family neighborhoods, grocery stores, pharmacies, and restaurants. The site is positioned near established residential and commercial activity, with access connected to the Wedington corridor.
Key Highlights
- Almost half‑acre commercial land parcel
- C‑2 zoning
- Deeded access from Marvin Drive and the gas station on Wedington
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
$17,653
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
7.71%
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%
$353,060
$353.1K
Cap Rate 7%
$252,186
$252.2K
Cap Rate 9%
$196,144
$196.1K
Market Conditions
NOI Build-Up for 1,400 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
$25.2K $18.00/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$23.5K $16.81/SF
− OpEx
−$5.9K −$4.20/SF
NOI
$17.7K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$353,060
Cap Rate 7%
$252,186
Cap Rate 9%
$196,144
Alternative Uses
Best Use
Specialty Retail
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$235.4K
$206.0K – $274.6K
NOI $16,476 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$375.8K
$328.8K – $438.4K
NOI $26,305 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kum & Go
Shops & Services
11,863 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel has C-2 zoning and deeded access from Marvin Drive and Wedington.
Where is this commercial land located?
The property is located at 1006 N Marvin Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Almost half‑acre commercial land parcel; C‑2 zoning; Deeded access from Marvin Drive and the gas station on Wedington
