Luxury Condominiums Near Baum
For Sale
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1512 S Razorback Rd, Fayetteville, AR 72701
20 luxury condominiums across from Baum Stadium in Fayetteville, Arkansas.
Property Size33,277 SF
Price / SF$204.20
Days on Market223
Property Features for 1512 S Razorback Rd
General Information
Standard status
Active
Size
33,277 SF
Class
A
Total Parking Spaces
59
Property subtype
Multifamily
Occupancy
95%
Investment Type
Stabilized
Building Details
Year Built
2021
Buildings
3
Stories
3
Units
20
Listing Agency:
KW Commercial Fayetteville, AR
Listed By:
Cheryl Garner · License #AR 00083287
Source:
Crexi
Added: Feb 25
Changed: Sep 18
Last Checked: Oct 5 at 4:40PM
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 KW Commercial Fayetteville, AR
Investment Insights
Based on property information with market context.
This property features 20 luxury condominiums situated directly across the street from Baum Stadium at the University of Arkansas, in Fayetteville, AR. The location is also just minutes away from the University of Arkansas, making it suitable for students and professionals. The residences include modern amenities such as patio decks, granite counters, ensuite bathrooms, 2-car attached, first-floor garages, and spacious open living areas. The property is adjacent to the Fayetteville Trail System. The property is currently leased with competitive rates, and there is potential in market lease rates. The property size is 33277 square feet.
Key Highlights
- Prime location directly across the street from Baum Stadium and adjacent to the Fayetteville Trail System.
- Minutes from the University of Arkansas, appealing to students and professionals.
- Modern amenities including patio decks, granite counters, ensuite bathrooms, and 2‑car attached garages.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$264,959
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,299,180
$5.3M
Cap Rate 7%
$3,785,129
$3.8M
Cap Rate 9%
$2,943,989
$2.9M
Market Conditions
NOI Build-Up for 33,277 SF
Gross rent
$519.1K $15.60/SF
− Vacancy
−$37.4K −$1.12/SF
EGI
$481.7K $14.48/SF
− OpEx
−$216.8K −$6.51/SF
NOI
$265.0K $7.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,299,180
Cap Rate 7%
$3,785,129
Cap Rate 9%
$2,943,989
Alternative Uses
Best Use
Apartment 5plus
$3.79M
$3.31M – $4.42M
NOI $264,959 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.93M
$7.82M – $10.42M
NOI $625,246 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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 Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - 20 luxury condominiums across from Baum Stadium in Fayetteville, Arkansas.
Where is this apartment building located?
The property is located at 1512 S Razorback Rd Fayetteville, AR.
What is the asking price?
The asking price for this property is $6,795,000.
What are key features of this property?
This property features: Prime location directly across the street from Baum Stadium and adjacent to the Fayetteville Trail System.; Minutes from the University of Arkansas, appealing to students and professionals.; Modern amenities including patio decks, granite counters, ensuite bathrooms, and 2‑car attached garages.**
