Office Building with Conditional
1705 N Garland Avenue Fayetteville, AR 72703
For Sale
$475,000
Operating commercially under a conditional use permit since 2014 as headquarters/office for a non-profit organization.
Property Size1,906 SF
Price / SF$249.21
Days on Market196
Property Features for 1705 N Garland Avenue
General Information
Standard status
Active
Size
1,906 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1937
Listing Agency:
Keller Williams Market Pro Realty
(479) 871-3573
Listed By:
Jody Cohen · License #SA00070744
(479) 871-3573
Source:
Exitrealty
Added: Jan 14
Changed: Jul 23
Last Checked: Jul 29 at 4:57AM
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 Keller Williams Market Pro Realty
Investment Insights
Based on property information with market context.
This office building is currently zoned RSF-4, while operating commercially under a conditional use permit issued by the city since 2014. The property has been used as headquarters and office space for a non-profit organization.
Located at the intersection of Garland Ave and Sycamore St, the site benefits from an average daily traffic count of 11,000 to 18,000. It is positioned near the newly completed Midtown Bike & Walking Trail and is approximately a quarter mile from the Razorback Greenway.
The property’s established commercial operation under the conditional use permit may be an important consideration for buyers or tenants evaluating how they plan to use the space.
Located at the intersection of Garland Ave and Sycamore St, the site benefits from an average daily traffic count of 11,000 to 18,000. It is positioned near the newly completed Midtown Bike & Walking Trail and is approximately a quarter mile from the Razorback Greenway.
The property’s established commercial operation under the conditional use permit may be an important consideration for buyers or tenants evaluating how they plan to use the space.
Key Highlights
- Built in 1937
- Currently zoned RSF‑4, operating commercially under a conditional use permit since 2014 for non‑profit headquarters/office
- Located at Garland Ave and Sycamore St with 11,000 to 18,000 average daily traffic count
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.47 |
| EGI | $38.4k | $20.13 |
| − OpEx | −$9.6k | −$5.03 |
| NOI | $28.8k | $15.10 |
1,906 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$411.1K
$359.7K – $479.6K
NOI $28,778 @ 7.0% cap · market cap 6.06%
Second Best
Specialty Retail
$343.3K
$300.4K – $400.6K
NOI $24,033 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$511.6K
$447.7K – $596.9K
NOI $35,812 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Operating commercially under a conditional use permit since 2014 as headquarters/office for a non-profit organization.
Where is this office building located?
The property is located at 1705 N Garland Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 1937; Currently zoned RSF‑4, operating commercially under a conditional use permit since 2014 for non‑profit headquarters/office; Located at Garland Ave and Sycamore St with 11,000 to 18,000 average daily traffic count
