Office Unit with Retail
For Sale
$350,000
1722 N Gregg Ave, Fayetteville, AR 72703
Office/retail property near restaurants, coffee shops, medical services, trails, and the University of Arkansas.
Property Size800 SF
Lot Size0.37 Acres
Price / SF$437.50
Days on Market32
Property Features for 1722 N Gregg Ave
General Information
Standard status
Active
Size
800 SF
Lot size
0.37 Acres
Property subtype
Office
Additional Details
Traffic Count
10,000 vehicles/day
Building Details
Building Size
800 SF
Year Built
1959
Listed By:
Matt Hairston
(479) 409-1366
Source:
Kelleycommercialpartners
Added: Sep 5
Changed: Sep 10
Last Checked: Oct 5 at 4:37PM
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 Matt Hairston
Investment Insights
Based on property information with market context.
This office/retail property includes approximately 800 square feet on a 0.37-acre parcel. Built in 1959, the asset offers a compact commercial footprint suited to office or retail occupancy.
The property is located on N Gregg Ave in Fayetteville, Arkansas, where reported traffic counts reach 10,000 vehicles per day. Nearby destinations include coffee shops, restaurants, the VA Medical Center, the Fayetteville trail system, and the University of Arkansas, all contributing to a setting with established surrounding activity.
The property is located on N Gregg Ave in Fayetteville, Arkansas, where reported traffic counts reach 10,000 vehicles per day. Nearby destinations include coffee shops, restaurants, the VA Medical Center, the Fayetteville trail system, and the University of Arkansas, all contributing to a setting with established surrounding activity.
Key Highlights
- Approximately 800 square feet on 0.37 acres
- Office/retail property built in 1959
- Located on N Gregg Ave in Fayetteville, Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,079
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$241,580
$241.6K
Cap Rate 7%
$172,557
$172.6K
Cap Rate 9%
$134,211
$134.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$17.3K $21.60/SF
− Vacancy
−$1.2K −$1.47/SF
EGI
$16.1K $20.13/SF
− OpEx
−$4.0K −$5.03/SF
NOI
$12.1K $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%
$241,580
Cap Rate 7%
$172,557
Cap Rate 9%
$134,211
Alternative Uses
Best Use
Office B
$172.6K
$151.0K – $201.3K
NOI $12,079 @ 7.0% cap · market cap 3.45%
Second Best
Retail
$134.5K
$117.7K – $156.9K
NOI $9,415 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$214.7K
$187.9K – $250.5K
NOI $15,031 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
10,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,131
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office/retail property near restaurants, coffee shops, medical services, trails, and the University of Arkansas.
Where is this office units located?
The property is located at 1722 N Gregg Ave Fayetteville, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 800 square feet on 0.37 acres; Office/retail property built in 1959; Located on N Gregg Ave in Fayetteville, Arkansas
