Office Unit with Retail
New
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 Market4
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
Last Checked: Sep 7 at 6:14AM
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 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 = 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
$12,079
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
3.45%
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%
$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
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
$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 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%
$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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
