Building Details

Year Built 1976

Buildings 1

Construction concrete block

Listing Agency: Hillcrest Real Estate Group, LLC Show Phone

Listed By: Bob Hill · License #PB00047670 Show Phone

Source: Connectrealtynwa

Added: Aug 17 Changed: Oct 2 Last Checked: Oct 7 at 12:08PM

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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 Hillcrest Real Estate Group, LLC

Investment Insights

Based on property information with market context.

The Trumbo Building is a 7,825-square-foot office property constructed with concrete block and topped by a flat Firestone synthetic roof installed in 2008. The site includes concrete parking for 19 vehicles at the front, along with an additional 3-4 spaces at the rear.

Located at 3024 N Market Ave in Fayetteville, the property provides access to Highway 71, Interstate-49, and Highway 265. Building utilities are separately metered with six electric meters and six gas meters, while water service is supplied through one meter.

Key Highlights

• 7,825‑square‑foot office building at 3024 N Market Ave, Fayetteville, AR
• Concrete block construction with a flat Firestone synthetic roof installed in 2008
• Concrete parking provides 19 front spaces and 3‑4 rear spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$118,145

Cap Rate

8.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,362,900 $2.4M

Cap Rate 7%

$1,687,786 $1.7M

Cap Rate 9%

$1,312,722 $1.3M

Market Conditions

NOI Build-Up for 7,825 SF

Gross rent

$169.0K $21.60/SF

− Vacancy

−$11.5K −$1.47/SF

EGI

$157.5K $20.13/SF

− OpEx

−$39.4K −$5.03/SF

NOI

$118.1K $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%

$2,362,900

Cap Rate 7%

$1,687,786

Cap Rate 9%

$1,312,722

Alternative Uses

Best Use

Office B

$1.69M

$1.48M – $1.97M (±1% cap)

NOI $118,145 @ 7.0% cap · market cap 8.44%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.10M

$1.84M – $2.45M (±1% cap)

NOI $147,025 @ 7.0% cap · market cap 10.50%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

R H Hill ... Real Estate Agency Home Front Air ... Medical Supply Store Giltner Solutions Freight Service J & G Ventures ... Home Health Care Service strut Marketing & Advertising

Suggested Use

Top Pick Kitchen & Bath Showroom Big Box & Wholesale Store HVAC Service Storage Facility Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

789

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Concrete block construction and on-site parking define this office property.

Where is this office building located?

The property is located at 3024 N Market Avenue Fayetteville, AR.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: 7,825‑square‑foot office building at 3024 N Market Ave, Fayetteville, AR; Concrete block construction with a flat Firestone synthetic roof installed in 2008; Concrete parking provides 19 front spaces and 3‑4 rear spaces