Leased Office Building with
For Sale
Contact for pricing
2 N College Ave, Fayetteville, AR 72701
Multistory office building with three floors and a basement, fully leased through July 2027 with dedicated parking.
Property Size16,988 SF
Price / SF$214.86
Days on Market145
Property Features for 2 N College Ave
General Information
Standard status
Active
Size
16,988 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Road Access
Yes
Building Details
Stories
3
Listing Agency:
CBRE Fayetteville
(501) 952-6875
Listed By:
Hunter Groce · License #SA00083831
(501) 952-6875
Source:
Moodyscre
Added: Mar 9
Changed: Jul 26
Last Checked: Jul 31 at 3:56AM
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
Investment Insights
Based on property information with market context.
This multistory commercial office building is fully leased and includes three floors of office space plus a basement. The property is described as meticulously maintained and is generating immediate income under a lease that extends until July 2027.
The building is located at 2 N College Ave in Fayetteville, Arkansas, with significant frontage on College Ave. The remarks also note ample dedicated parking and proximity to the University of Arkansas and the Washington County Courthouse.
The configuration supports a flexible office layout across multiple levels while the existing tenancy provides current income through the stated lease term.
The building is located at 2 N College Ave in Fayetteville, Arkansas, with significant frontage on College Ave. The remarks also note ample dedicated parking and proximity to the University of Arkansas and the Washington County Courthouse.
The configuration supports a flexible office layout across multiple levels while the existing tenancy provides current income through the stated lease term.
Key Highlights
- Fully leased, multistory commercial building with three floors of office space plus a basement
- Lease in place through July 2027, providing immediate income
- Significant frontage on College Ave
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 | $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 Uses
Best Use
Office B
$3.66M
$3.21M – $4.27M
NOI $256,492 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,190 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,087
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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 building - Multistory office building with three floors and a basement, fully leased through July 2027 with dedicated parking.
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: Fully leased, multistory commercial building with three floors of office space plus a basement; Lease in place through July 2027, providing immediate income; Significant frontage on College Ave
