Fully Leased Fayetteville Commercial
2 N College Avenue Fayetteville, AR 72701
2 N College Avenue, Fayetteville, AR, 72701
$3,650,000
For Sale
$3,650,000
Multi-story commercial building near University of Arkansas and courthouse.
Property Size16,998 SF
Price / SF$214.73
Days on Market132
Property Features for 2 N College Avenue
General Information
- Standard status
- Active
- Size
- 16,998 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1905
Listing Agency
CBRE, Inc-Fayetteville
(479) 249-9520
Listed by
Hunter Groce · License #SA00083831
(479) 249-9520
Source
Exitrealty
Added: Mar 9 Checked: Jul 16 at 3:12 am
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, Inc-Fayetteville
Investment Insights
Based on property information with market context.
This 16,998 square foot multi-story commercial building is fully leased with a lease extending until July 2027. The property features three floors of functional office space and a basement. It includes 30 dedicated parking spaces. The building is located on College Ave, offering proximity to the University of Arkansas and the Washington County Courthouse. The property is positioned in downtown Fayetteville.
Key Highlights
- Fully leased commercial building providing immediate income until July 2027.
- Prime location on College Ave near the University of Arkansas and Washington County Courthouse.
- 16,988 SF multi‑story building with three floors of functional office space and a basement.
Local 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 | $367.2k | $21.60 |
| − Vacancy | −$25.0k | −$1.47 |
| EGI | $342.2k | $20.13 |
| − OpEx | −$85.5k | −$5.03 |
| NOI | $256.6k | $15.10 |
16,998 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.67M
$3.21M – $4.28M
NOI $256,643 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,377 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mitchell Communications Group
Marketing & Advertising
Profound Skills
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-story commercial building near University of Arkansas and courthouse.
Where is this office building located?
The property is located at 2 N College Avenue 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: Fully leased commercial building providing immediate income until July 2027.; Prime location on College Ave near the University of Arkansas and Washington County Courthouse.; 16,988 SF multi‑story building with three floors of functional office space and a basement.
