Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    620 N College Ave, Unit 204 Fayetteville, AR 72701

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Office - Fayetteville, AR

    Type:Office
    Property size:
    3,359 SF
    Days on Market:
    13
    Last Refresh:
    Mar 17 at 4:06 pm

    Property Features for 620 N College Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Size
    3,359 SF

    Building Details

    Year built
    2007
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Christopher Allcorn

    Hat Rack Real Estate (479) 305-9960

    Listing agent Christopher Allcorn (479) 305-9960

    Listing date Mar 4, 2026

    MLS# 1297740 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.

    Learn more

    Property Insight Report

    Overview

    Fayetteville Office Space For Sale

    This office space is centrally located on N College Avenue, providing convenient access to both uptown and downtown Fayetteville. The location offers high visibility and easy access to major roads, cafes, and restaurants. The property contains 3359 square feet and is located in Fayetteville, Arkansas, within Washington County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Wordsmith Salon + Spa Hair Salon Roots Real Estate ... Real Estate Agency Parallel Innovation Center ... Marketing & Advertising WCR Construction Company Michael K Ward, ... Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.157196
    Latitude
    36.072349

    Nearby Similar for Sale

    • $2,300,000
      6,216 SF

      Fayetteville Multi-Suite Complex For Sale

      Highly visible, fully leased multi-suite complex in Uptown Fayetteville.
      3945 N Vantage Dr, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      3,078 SF

      Fayetteville Medical/Dental Office Space

      Move-in ready medical/dental suite near Washington Regional Medical Center.
      350 E Millsap Rd, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      5,475 SF

      Fayetteville Retail/Office Space Available

      5,475 SF retail/office space on Fayetteville Downtown Square.
      21 W Mountain St, Fayetteville, AR 72712
      View Details
    • Contact for pricing
      4,000 SF

      Fayetteville Retail/Medical Office Space

      Prime location near I-49 and major retail areas.
      3340 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      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
    • $949,000
      7,820 SF

      Historic Rockwood Club Opportunity

      Iconic Fayetteville venue with rich music history and commercial potential.
      380 W 24Th St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      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
    • New
      Contact for pricing
      6,346 SF

      Downtown Fayetteville Office Space

      Iconic downtown office space with modern amenities and parking.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      3,490 SF

      Downtown Fayetteville Office Space

      3,490 SF office space in the heart of Fayetteville.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      2,855 SF

      Downtown Fayetteville Office Space

      Iconic downtown Fayetteville office space with modern amenities.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      6,184 SF

      Fayetteville Office/Warehouse with Excellent Exposure

      Centrally located office/warehouse with high traffic and convenient access.
      2887 N College Ave, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in a convenient, central Fayetteville location.
    Where is this office units located?
    The property is located at 620 N College Ave, Unit 204 Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $16.
    What are key features of this property?
    This property features: - Centrally located on N College Avenue.; - Easy access to both uptown and downtown Fayetteville.; - High visibility.
    (479) 305-9960
    Request Owner's contact information
    620 N College Ave, Unit 204 Fayetteville, AR 72701
    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.
    620 N College Ave, Unit 204
    Fayetteville, AR 72701
    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
    620 N College Ave, Unit 204 Fayetteville, AR 72701
    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
    Christopher Allcorn
    Real Estate License ID: SA00089658
    (479) 305-9960 (479) 466-8829
    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!