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

    1904 College Ave Fayetteville, AR 72703

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Fayetteville Investment Opportunity

    Property size:
    3,674 SF

    Property Features for 1904 College Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,674 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built
    1927

    We can help!

    Listing Contact
    Jeremy Kennedy

    Listing Agency: Lindsey & Associates, Inc Listing Agent: Jeremy Kennedy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Fayetteville investment property boasts a prime College Avenue location, offering high visibility and strong traffic flow. The main structure is a 2,700 square foot retail building, perfectly suited for a variety of commercial uses. Its recent meticulous remodel incorporated modern electrical, plumbing, and HVAC systems, while thoughtfully preserving its historic charm. Adding significant value is a delightful 2-bedroom stone cottage situated on the same 1.12-acre lot. Currently operating as a highly successful short-term rental, this charming cottage provides a consistent income stream. The combined property offers a total of 3,674 square feet of space, presenting a unique blend of commercial and residential income potential. This is a rare opportunity to acquire a meticulously maintained, historically significant property in a high-demand location. The property's strong location and diverse income streams make it an attractive investment for discerning buyers seeking a blend of commercial and residential income. The modern systems ensure efficient operation and low maintenance costs, maximizing return on investment. This turnkey property is ready for immediate occupancy and income generation. The asking price is $1,200,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Freckled Hen Home Decor Store Freckled Hen Home Home Decor Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.15412
    Latitude
    36.08734

    Nearby Similar for Sale

    • Contact for pricing
      1,693 SF

      Fayetteville Office/Retail Opportunity

      Versatile space near Dickson Street, Downtown Square, and University of Arkansas.
      509 W Spring St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      700 SF

      Fayetteville Office/Retail Leasing Opportunity

      Versatile space near Dickson Street, Downtown Square, and University of Arkansas.
      509 W Spring St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      6,903 SF

      Fayetteville Office Building For Sale

      Class A office near Fayetteville Square with panoramic views.
      112 W Center St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      2,679 SF

      Downtown Fayetteville Office Building

      Class A office space near Fayetteville Square.
      112 W Center St, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      1,188 SF

      Fayetteville Office Building For Sale

      Professional office building in Fayetteville's Central Business District.
      3000 N Market Ave, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      3,531 SF

      Fayetteville Office with Recent Updates

      Updated office space with meeting rooms and convenient highway access.
      540 E Appleby Rd, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      3,786 SF

      Fayetteville Office Space Available

      Office space in Millsap Commercial Corridor with expansion potential.
      516 E Millsap Rd, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      1,194 SF

      Fayetteville Office Space Available

      1,194 SF office space off College Ave in Fayetteville.
      388 E Sunbridge Dr, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      2,182 SF

      Fayetteville Office Space Available

      Class A office space for sale in Fayetteville, Arkansas.
      1277 E Joyce Blvd, Fayetteville, AR 72703
      View Details
    • $1,500,000
      6,355 SF

      Fayetteville Retail Opportunity on College

      Retail property on College Avenue with high visibility and traffic.
      427 N College Ave, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      750 SF

      Fayetteville Office Space Available

      Office space with kitchenette and bathroom in Fayetteville, AR.
      3525 Salem Rd, Fayetteville, AR 72704
      View Details
    • $1,650,000
      3,178 SF

      Fayetteville Office Suite For Sale

      Renovated office suite in prime Fayetteville location.
      3853 N Crossover Rd, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Retail property - Fayetteville Investment Opportunity
    Where is this retail property located?
    The property is located at 1904 College Ave Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    (479) 636-2200
    Request Owner's contact information
    1904 College Ave Fayetteville, AR 72703
    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.
    1904 College Ave
    Fayetteville, AR 72703
    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
    1904 College Ave Fayetteville, AR 72703
    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

    We can help!
    Listing Contact
    Jeremy Kennedy
    Real Estate License ID: SA00059336
    (479) 636-2200 (479) 521-6611 (479) 841-4088
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!