Gas Station on Hard
For Sale
Contact for pricing
1501 N College Ave, Fayetteville, AR 72703
Signalized corner property with substantial roadway exposure along a high-volume commercial corridor.
Property Size2,480 SF
Price / SF$403.23
Days on Market77
Property Features for 1501 N College Ave
General Information
Standard status
Active
Size
2,480 SF
Property subtype
RETAIL
Site & Location
Traffic Count
28,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Kelley Commercial Partners - Springdale
(501) 951-6300
Listed By:
Jackson Moore · License #SA00081924
(501) 951-6300
Source:
Moodyscre
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 12:14AM
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 Kelley Commercial Partners - Springdale
Investment Insights
Based on property information with market context.
This 2,480-square-foot gas station property occupies a signalized corner at 1501 N College Ave in Fayetteville, Arkansas. The site includes 200 feet of frontage along HWY 71, also identified as N College Ave.
Traffic volume is reported at 28,000 VPD, providing measurable exposure along the roadway. The hard-corner position and traffic-light access define the property's primary physical characteristics.
Traffic volume is reported at 28,000 VPD, providing measurable exposure along the roadway. The hard-corner position and traffic-light access define the property's primary physical characteristics.
Key Highlights
- Gas station property totaling 2,480 square feet
- 200 ft of Frontage on HWY 71 (N College Ave)
- Hard corner with traffic light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,400
$625.4K
Cap Rate 7%
$446,714
$446.7K
Cap Rate 9%
$347,444
$347.4K
Market Conditions
NOI Build-Up for 2,480 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.6K $18.00/SF
− Vacancy
−$2.9K −$1.19/SF
EGI
$41.7K $16.81/SF
− OpEx
−$10.4K −$4.20/SF
NOI
$31.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$625,400
Cap Rate 7%
$446,714
Cap Rate 9%
$347,444
Alternative Uses
Best Use
Specialty Retail
$446.7K
$390.9K – $521.2K
NOI $31,270 @ 7.0% cap · market cap 3.13%
Second Best
Retail
$416.9K
$364.8K – $486.4K
NOI $29,186 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$665.7K
$582.5K – $776.6K
NOI $46,597 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 74%
Shops & Services 19%
Home Improvements & Furnishings 5%
Electronics 2%
McDonald's
Dining
21,770 visits/mo
0.1 miles
Einstein Bros Bagels
Dining
9,813 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,252 visits/mo
0.2 miles
Cheba Hut
Dining
8,293 visits/mo
0.4 miles
Summer Moon Coffee
Dining
6,468 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Signalized corner property with substantial roadway exposure along a high-volume commercial corridor.
Where is this gas station located?
The property is located at 1501 N College Ave Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Gas station property totaling 2,480 square feet; 200 ft of Frontage on HWY 71 (N College Ave); Hard corner with traffic light
