Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Multistory Commercial Building For Sale Title is generated by Realmo AI

    2 N College Ave, Fayetteville, AR 72701

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased commercial building with prime location and strong income.

    Type:Retail, Office
    Property size:
    16,988 SF
    Price / SF:
    $214/SF
    Added:
    Mar 9, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 19 at 10:01 pm

    Property Features for 2 N College Ave

    General Information

    Standard status
    Active
    Size
    16,988 SF
    Property subtype
    Retail, Office

    We can help!

    Listing Contact
    David Erstine
    David Erstine

    Listing agent David Erstine License #AR EB00052105

    Listing office CBRE - Fayetteville/Bentonville

    Listing date Mar 9, 2026

    Source Crexi

    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 CBRE - Fayetteville/Bentonville

    HighLights

    • Prime location on College Ave with significant frontage.
    • Fully leased with immediate income generation.
    • Lease extends until July 2027.
    • Three floors of versatile office space plus a basement.
    • Ample dedicated parking.
    • Unparalleled proximity to the University of Arkansas and the Washington County Courthouse.

    Overview

    This multistory commercial building, located in Fayetteville, presents an investment opportunity. The property is fully leased and features frontage on College Avenue. It includes three floors of office space and a basement. The current lease extends until July 2027, providing immediate income. The property benefits from dedicated parking and proximity to the University of Arkansas and the Washington County Courthouse. The building has a total size of 16988 square feet.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $2.85M
    NOI $256,492 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.66M
    NOI $256,492 @ 7.00% cap · market / base-case scenario
    Aggressive
    $5.13M
    NOI $256,492 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $366.9k $21.60
    − Vacancy −$25.0k −$1.47
    EGI $342.0k $20.13
    − OpEx −$85.5k −$5.03
    NOI $256.5k $15.10
    16,988 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $3.66M
    $3.21M – $4.27M (±1% cap)
    NOI $256,492 @ 7.0% cap · market cap 7.03%
    Second Best
    Retail
    $2.86M
    $2.50M – $3.33M (±1% cap)
    NOI $199,922 @ 7.0% cap · market cap 5.48%
    Theoretical Best
    Office A
    $4.56M
    $3.99M – $5.32M (±1% cap)
    NOI $319,190 @ 7.0% cap · market cap 8.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mitchell Communications Group Marketing & Advertising Profound Skills Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1577398
    Latitude
    36.0629909

    Nearby Similar for Sale

    • $1,495,000
      2,779 SF

      Fayetteville Restaurant Opportunity For Sale

      Turnkey restaurant near University of Arkansas with high-visibility.
      514 N College Avenue, Fayetteville, AR 72701
      View Details
    • $2,300,000
      6,216 SF

      Fayetteville Office Building For Sale/Lease

      Highly visible, fully leased office complex in Uptown Fayetteville.
      3945 N Vantage Drive, Fayetteville, AR 72703
      View Details
    • $549,000
      3,174 SF

      Fayetteville Triplex Investment Opportunity

      Triplex near University of Arkansas with flexible investment strategies.
      1270 -1274 Trinity Drive, Fayetteville, AR 72704
      View Details
    • $2,500,000
      8,484 SF

      Fayetteville Office or Retail Space

      High-traffic location suitable for office or retail use.
      3887 N Crossover Road, Fayetteville, AR 72703
      View Details
    • $2,150,000
      11,579 SF

      Luxury Duplexes Near University

      Six-unit multifamily property near University of Arkansas and Fayetteville Trail.
      943 S Rupple Road, Fayetteville, AR 72704
      View Details
    • $619,900
      2,784 SF

      New Duplex in South Fayetteville

      New duplex for sale, leased and ready for management.
      832 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $619,900
      2,784 SF

      New Duplex in South Fayetteville

      Fully leased duplex with modern amenities in up-and-coming location.
      820 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $3,650,000
      16,998 SF

      Fayetteville Multi-Story Commercial Building

      Fully leased commercial building near University of Arkansas and courthouse.
      2 N College Avenue, Fayetteville, AR 72701
      View Details
    • $550,000
      2,866 SF

      Upscale Duplex on Corner Lot

      Fayetteville duplex with modern amenities, ideal for living or investment.
      6297 and 6299 W Milliken Bend, Fayetteville, AR 72704
      View Details
    • $435,000
      2,726 SF

      Fayetteville Multifamily Investment Opportunity

      Multifamily property near University of Arkansas, ideal for investment.
      114 & 116 S Ray Avenue, Fayetteville, AR 72701
      View Details
    • $2,400,000
      12,968 SF

      Fayetteville Investment Opportunity

      Cash flowing investment property with upside potential in Fayetteville, AR.
      4083 N Shiloh Drive, Fayetteville, AR 72703
      View Details
    • $2,520,000
      8,136 SF

      Modern Multifamily Investment Opportunity

      New construction multifamily property in Fayetteville, Arkansas, built in 2026.
      845 N Rupple Road, Fayetteville, AR 72704
      View Details

    FAQs

    What type of property is this?
    Office building - Fully leased commercial building with prime location and strong income.
    Where is this office building located?
    The property is located at 2 N College Ave Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: Prime location on College Ave with significant frontage.; Fully leased with immediate income generation.; Lease extends until July 2027.
    (479) 249-6199 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Erstine
    David Erstine
    Real Estate License ID: AR EB00052105
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2 N College Ave, Fayetteville, AR 72701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!