Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 E Millsap Rd Fayetteville, AR 72703

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr ($16,962 /Mo)

    Office space available for lease in Fayetteville, Arkansas.

    Property size:
    8,142 SF
    Lot size:
    0.94 Acres

    Property Features for 302 E Millsap Rd

    General Information

    Size
    8,142 SF
    Lot size
    0.94 Acres

    We can help!

    Listing Contact
    Matt Mozzoni
    Matt Mozzoni
    Source: Moodyscre

    Listing Agent: Matt Mozzoni

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

    Learn more

    Property Insight Report

    Overview

    Fayetteville Office Space Available

    This office space, located in Fayetteville, Arkansas, offers 8,142 square feet of space available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hammond Brad Engineer Crider M Engineer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -94.1529012
    Latitude
    36.1142532

    Nearby Similar for Lease

    • Contact for pricing
      52,000 SF

      Class A Office Building Space

      Class A office space available for lease in Fayetteville.
      E Sain St, Fayetteville, AR 72703
      View Details
    • $22 SF/Yr
      14,644 SF

      Downtown Fayetteville Historic Office Space

      Historic building with flexible office space in downtown Fayetteville.
      2 North College Ave, Fayetteville, AR 72701
      View Details
    • $6,975 /Mo

      Luxury Condo on Fayetteville Square

      Luxury condo with panoramic views, private garage, and modern finishes.
      5 W Mountain St, Fayetteville, AR 72701
      View Details
    • $35 SF/Yr
      2,182 SF

      Modern Office Space on Joyce

      Premier office space with high visibility and easy I-49 access.
      1277 East Joyce Blvd, Fayetteville, AR 72703
      View Details
    • $12 SF/Yr
      31,488 SF

      Fayetteville Retail Space Sublease

      High-visibility retail space with flexible sublease options and dock access.
      3340 North College Ave, Fayetteville, AR 72703
      View Details
    • $26 SF/Yr
      66,120 SF

      Fayetteville Office/Warehouse Space For Rent

      Upscale office/warehouse space with trail access and convenient highway access.
      4375 North Vantage Dr, Fayetteville, AR 72703
      View Details
    • $1,290 /Mo

      Charming Apartment with Pond View

      Cozy 2-bedroom apartment near downtown Fayetteville and University of Arkansas.
      7 S University Ave, Fayetteville, AR 72701
      View Details
    • $1,550 /Mo
      1,032 SF

      Charming Duplex in Prime Location

      Move-in-ready duplex near Fulbright Expressway, I-49, and NWA Mall.
      1987 Wilkins Pl, Fayetteville, AR 72703
      View Details
    • $20 SF/Yr
      30,000 SF

      Prime Fayetteville Executive Office Space

      Downtown Fayetteville Office Suites Available
      26 Center St, Fayetteville, AR 72701
      View Details
    • $25 SF/Yr
      52,292 SF

      Prime Fayetteville Office Space

      Downtown Fayetteville, AR - 5 Suites Available
      112 Center St, Fayetteville, AR 72701
      View Details
    • $32 SF/Yr
      22,000 SF

      Modern Office Building in Fayetteville

      Planned Class A office building with high parking ratio.
      E Stearns St, Fayetteville, AR 72703
      View Details
    • $29 SF/Yr

      Downtown Fayetteville Office/Retail Space

      Flexible office/retail space in the heart of Fayetteville Square.
      21 W Mountain St, Fayetteville, AR 72701
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Fayetteville, Arkansas.
    Where is this office space located?
    The property is located at 302 E Millsap Rd Fayetteville, AR.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Office space available for lease; - Located in Fayetteville, Arkansas
    (501) 425-6905
    Request Owner's contact information
    302 E Millsap Rd 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.
    302 E Millsap Rd
    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
    302 E Millsap Rd 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
    Matt Mozzoni
    Matt Mozzoni
    (501) 425-6905
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.