C-2 Commercial Land
For Sale
Contact for pricing
1006 N Marvin Avenue, Fayetteville, AR 72704
The parcel has C-2 zoning and deeded access from Marvin Drive and Wedington.
Property Size1,400 SF
Price / SF$163.57
Days on Market1100
Property Features for 1006 N Marvin Avenue
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Harris McHaney & Faucette Fayetteville
Listed By:
Misty Barnes · License #AR
(479) 521-6106
Source:
Crexi
Added: Oct 13, 2023
Changed: Sep 10
Last Checked: Oct 14 at 10:14PM
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 Coldwell Banker Harris McHaney & Faucette Fayetteville
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Investment Insights
Based on property information with market context.
This commercial land parcel at 1006 N Marvin Avenue in Fayetteville carries C-2 zoning and encompasses almost half an acre. Deeded access is available from Marvin Drive and through the gas station on Wedington Drive, providing multiple approach points to the site.
The property sits in the west Fayetteville corridor near I-49 and Hwy 16 W. Surrounding context includes student housing, family neighborhoods, grocery stores, pharmacies, and restaurants. The site is positioned near established residential and commercial activity, with access connected to the Wedington corridor.
The property sits in the west Fayetteville corridor near I-49 and Hwy 16 W. Surrounding context includes student housing, family neighborhoods, grocery stores, pharmacies, and restaurants. The site is positioned near established residential and commercial activity, with access connected to the Wedington corridor.
Key Highlights
- Almost half‑acre commercial land parcel
- C‑2 zoning
- Deeded access from Marvin Drive and the gas station on Wedington
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,653
Cap Rate
7.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,060
$353.1K
Cap Rate 7%
$252,186
$252.2K
Cap Rate 9%
$196,144
$196.1K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.2K $18.00/SF
− Vacancy
−$1.7K −$1.19/SF
EGI
$23.5K $16.81/SF
− OpEx
−$5.9K −$4.20/SF
NOI
$17.7K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,060
Cap Rate 7%
$252,186
Cap Rate 9%
$196,144
Alternative Uses
Best Use
Specialty Retail
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 7.71%
Second Best
Retail
$235.4K
$206.0K – $274.6K
NOI $16,476 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$375.8K
$328.8K – $438.4K
NOI $26,305 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kum & Go
Shops & Services
11,863 visits/mo
0.5 miles
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Commercial land - The parcel has C-2 zoning and deeded access from Marvin Drive and Wedington.
Where is this commercial land located?
The property is located at 1006 N Marvin Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Almost half‑acre commercial land parcel; C‑2 zoning; Deeded access from Marvin Drive and the gas station on Wedington
