Office Building with Metal
New
For Sale
$350,000
1722 N Gregg Avenue, Fayetteville, AR 72703
CommercialSale, Fayetteville, AR
Property Size816 SF
Lot Size0.37 Acres
Price / SF$428.92
Days on Market1
Property Features for 1722 N Gregg Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Appliances
GasWaterHeater
Lot features
Neighborhood
Directions
Heading north on College Ave, turn west on W Sycamore St, then north on Gregg Ave, the property will be on your right
Standard status
Active
APN
765-09595-000
Size
816 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
Part of Lot 7, Block 12, of Parker's Plat of Valley View Acres
Tax Annual Amount
1397
Legal Description
Part of Lot 7, Block 12, of Parker's Plat of Valley View Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
1959
Flooring type
Tile, Carpet
Building materials
VinylSiding
Roof type
Metal
Listing Agency:
Kelley Commercial Partners NW
(479) 443-8002
Listed By:
Matthew Hairston · License #SA00074883
(479) 409-1366
Added: Sep 18
Last Checked: Sep 18 at 10:06PM
MLS# 1362495
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building provides 816 square feet of commercial space on a 0.37-acre lot. Constructed in 1959, the property features vinyl siding, a metal roof, tile and carpet flooring, a gas water heater, natural gas heating, and electric cooling. Public water and public sewer serve the site.
The property is near coffee shops, restaurants, the VA Medical Center, and the Fayetteville trail system. The University of Arkansas is minutes away, adding an established institutional and amenity context to the surrounding area.
The property is near coffee shops, restaurants, the VA Medical Center, and the Fayetteville trail system. The University of Arkansas is minutes away, adding an established institutional and amenity context to the surrounding area.
Key Highlights
- 816‑square‑foot office building on a 0.37‑acre lot
- Constructed in 1959 with vinyl siding and a metal roof
- Tile and carpet flooring throughout the property
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
$12,320
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
3.52%
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%
$246,400
$246.4K
Cap Rate 7%
$176,000
$176.0K
Cap Rate 9%
$136,889
$136.9K
Market Conditions
NOI Build-Up for 816 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
$17.6K $21.60/SF
− Vacancy
−$1.2K −$1.47/SF
EGI
$16.4K $20.13/SF
− OpEx
−$4.1K −$5.03/SF
NOI
$12.3K $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%
$246,400
Cap Rate 7%
$176,000
Cap Rate 9%
$136,889
Alternative Uses
Best Use
Office B
$176.0K
$154.0K – $205.3K
NOI $12,320 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.0K
$191.7K – $255.5K
NOI $15,332 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Standalone office property with public water and sewer, tile and carpet flooring, and a mix of natural gas and electric systems.
Where is this office building located?
The property is located at 1722 N Gregg Avenue 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: 816‑square‑foot office building on a 0.37‑acre lot; Constructed in 1959 with vinyl siding and a metal roof; Tile and carpet flooring throughout the property
