Commercial Land with Existing
New
For Sale
$1,500,000
2060 Township Street, Fayetteville, AR 72703
Two-level commercial property with NS-G zoning, approved development plans, and incomplete interior construction.
Property Size7,600 SF
Price / SF$197.37
Days on Market7
Property Features for 2060 Township Street
General Information
Standard status
Active
Size
7,600 SF
Property subtype
General Commercial
Amenities
3
Building Details
Year Built
1980
Listing Agency:
(479) 466-8829
Listed By:
Hat Rack Real Estate
(479) 466-8829
Source:
Xome
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 20 at 6:47AM
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 Hat Rack Real Estate
Investment Insights
Based on property information with market context.
This commercial land offering includes a two-level building totaling approximately 7,600 square feet on about 0.71 acres. The structure dates to 1980, and the interior buildout remains unfinished, allowing delivery terms to be negotiated. Completed asbestos abatement is also in place.
The property carries NS-G zoning and has 350 feet of frontage along E Township St at 2060 Township Street in Fayetteville. It is approximately 1.1 miles east of N College Ave and includes on-site parking. City-approved large-scale development plans are available, including stamped civil documents and a completed architectural permit set. The transaction covers the commercial parcel being created through a pending lot split; the adjoining 0.45-acre multifamily site and its approved 8 units are excluded.
The property carries NS-G zoning and has 350 feet of frontage along E Township St at 2060 Township Street in Fayetteville. It is approximately 1.1 miles east of N College Ave and includes on-site parking. City-approved large-scale development plans are available, including stamped civil documents and a completed architectural permit set. The transaction covers the commercial parcel being created through a pending lot split; the adjoining 0.45-acre multifamily site and its approved 8 units are excluded.
Key Highlights
- Approximately 0.71‑acre commercial parcel with a 7,600 SF two‑level building
- NS‑G zoning with city‑approved large‑scale development plans
- 350 feet of frontage on E Township St
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
$95,828
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
6.39%
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%
$1,916,560
$1.9M
Cap Rate 7%
$1,368,971
$1.4M
Cap Rate 9%
$1,064,756
$1.1M
Market Conditions
NOI Build-Up for 7,600 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
$136.8K $18.00/SF
− Vacancy
−$9.0K −$1.19/SF
EGI
$127.8K $16.81/SF
− OpEx
−$31.9K −$4.20/SF
NOI
$95.8K $12.61/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /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%
$1,916,560
Cap Rate 7%
$1,368,971
Cap Rate 9%
$1,064,756
Alternative Uses
Best Use
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,828 @ 7.0% cap · market cap 6.39%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,440 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$2.04M
$1.78M – $2.38M
NOI $142,797 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
256
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Two-level commercial property with NS-G zoning, approved development plans, and incomplete interior construction.
Where is this commercial land located?
The property is located at 2060 Township Street Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 0.71‑acre commercial parcel with a 7,600 SF two‑level building; NS‑G zoning with city‑approved large‑scale development plans; 350 feet of frontage on E Township St
