Multi-Office Professional
For Sale
Contact for pricing
Pending
1148 E Stearns St, Fayetteville, AR 72703
Configured with private offices, meeting space, reception, kitchen, and two restrooms for professional office operations.
Property Size1,573 SF
Days on Market55
Property Features for 1148 E Stearns St
General Information
Standard status
Pending
Size
1,573 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
Lindsey & Associates Inc
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 24 at 4:52PM
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 Lindsey & Associates Inc
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Investment Insights
Based on property information with market context.
The 1,573-square-foot office unit at 1148 E Stearns Street includes four private offices, a conference room, kitchen, lobby and waiting area, and two bathrooms. The arrangement combines enclosed work areas with dedicated meeting and reception space within a single commercial suite.
Built in 1994, the property is located in Fayetteville, Arkansas. The offering is identified as an NNN lease, with permitted use, zoning, measurements, and lease terms subject to tenant verification.
Built in 1994, the property is located in Fayetteville, Arkansas. The offering is identified as an NNN lease, with permitted use, zoning, measurements, and lease terms subject to tenant verification.
Key Highlights
- 1,573 SF office unit at 1148 E Stearns Street
- Four private offices and a separate conference room
- Lobby and waiting area provide dedicated reception space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,750
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,000
$475.0K
Cap Rate 7%
$339,286
$339.3K
Cap Rate 9%
$263,889
$263.9K
Market Conditions
NOI Build-Up for 1,573 SF
Gross rent
$34.0K $21.60/SF
− Vacancy
−$2.3K −$1.47/SF
EGI
$31.7K $20.13/SF
− OpEx
−$7.9K −$5.03/SF
NOI
$23.7K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$475,000
Cap Rate 7%
$339,286
Cap Rate 9%
$263,889
Alternative Uses
Best Use
Office B
$339.3K
$296.9K – $395.8K
NOI $23,750 @ 7.0% cap · market cap 118,750.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$422.2K
$369.4K – $492.6K
NOI $29,555 @ 7.0% cap · market cap 147,775.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 72703, AR
33,767
Population
17,202
Households
2
Avg Household Size
33
Median Age
49%
College-Educated
96%
High-School Grad
40.2 sq mi
ZIP Area
840
Density / Sq Mi
$60,232
Median Household Income
$39,190
Median Earnings
$958
Median Rent
$341,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, meeting space, reception, kitchen, and two restrooms for professional office operations.
Where is this office unit located?
The property is located at 1148 E Stearns St Fayetteville, AR.
What are key features of this property?
This property features: 1,573 SF office unit at 1148 E Stearns Street; Four private offices and a separate conference room; Lobby and waiting area provide dedicated reception space
