Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fayetteville Office Building For Rent Title is generated by Realmo AI

    215 N College Avenue, Fayetteville, AR 72701

    View on Map
    Claim this Listing
    For Lease
    $18 SF/Yr $8,940/Mo (calc)

    COMMERCIAL - Fayetteville, AR

    Type:Office
    Property size:
    5,960 SF
    Lot size:
    0.53 Acres
    Added:
    Feb 26, 2026
    Days on Market:
    80
    Last Refresh:
    May 17 at 7:06 pm

    Property Features for 215 N College Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    22
    Standard status
    Active
    Size
    5,960 SF
    Lot size
    0.53 Acres

    Taxes and HOA fees

    Expense value
    10000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1993
    Floors in Building
    2

    We can help!

    Listing Contact
    George Faucette, Jr

    Listing agent George Faucette, Jr License #EB00001940

    Listing office Coldwell Banker Harris McHaney & Faucette -Fayette 3589 N College, Fayetteville, AR

    Listing date Feb 26, 2026

    MLS# 1337274

    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.

    HighLights

    • Prime location: Close to Downtown Fayetteville, University of Arkansas, Wash County Courthouse, Dickson Street, and Fay Square.
    • 22 on‑site parking spaces, plus room for 5‑6 more.
    • 7 spacious, exterior offices, each with a large closet.
    • Two floors containing 5,760 sf of office space.
    • 2 large conference rooms and 2 ADA compliant baths.
    • 4 HVAC zones and 9' ceilings throughout.

    Overview

    This professional office building offers a total of 5,960 square feet of space, including approximately 200 square feet on a lower level suitable for file storage. The layout features 7 spacious, exterior offices, each equipped with a large closet for supplies and files. There are also 2 large conference rooms, 2 ADA-compliant bathrooms, a large main level reception area, a workroom/machine room, a large kitchen/break room, and a second support staff work area. The building is equipped with 4 HVAC zones and features 9-foot ceilings throughout. The property includes 22 parking spaces on site, with additional space for 5 to 6 more vehicles. Situated on a 0.53-acre lot, the building benefits from great exposure on College Avenue. Its location offers convenient access to Downtown Fayetteville, the University of Arkansas, and the Washington County Courthouse, which is located across the street. Additionally, Dickson Street and the Fayetteville Square are within a short walk.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NWA Therapeutics Alternative Medicine Practice Nicole Schmittou Physician Day By Day: ... Psychotherapist

    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
    -94.15828
    Latitude
    36.065217

    Nearby Similar for Lease

    • $19 SF/Yr
      3,726 SF

      Fayetteville Office Space Available

      East Fayetteville office space for lease with ample natural light.
      2901 E Zion Road, Fayetteville, AR 72703
      View Details
    • $20 SF/Yr
      3,448 SF

      Fayetteville Commercial Space For Rent

      Versatile commercial space in high-visibility Fayetteville location.
      72 Joyce, Fayetteville, AR 72703
      View Details
    • $1,250/Mo
      550 SF

      Fayetteville Retail/Office Space Available

      Move-in ready retail/office space with high traffic and ample parking.
      2355 Center Street, Fayetteville, AR 72701
      View Details
    • $29 SF/Yr
      1,160 SF

      Fayetteville Office Suite For Lease

      Prime Fayetteville office space with high visibility and convenient access.
      5 W Mountain Street, Fayetteville, AR 72701
      View Details
    • $16 SF/Yr
      8,000 SF

      Fayetteville Warehouse/Office Space For Rent

      Prime commercial space with warehouse and office in Fayetteville, AR.
      535 W Poplar Street, Fayetteville, AR 72703
      View Details
    • $25 SF/Yr
      1,945 SF

      Fayetteville Commercial Space For Lease

      Adaptable 1,945 SF space suitable for various business uses.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • $22 SF/Yr
      6,800 SF

      Adaptable Space in High-Visibility Location

      Versatile 6,800 SF space suitable for various business uses.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • $25 SF/Yr
      1,477 SF

      Fayetteville Commercial Space For Lease

      Adaptable 1,477 SF space in high-visibility Fayetteville location.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • $25 SF/Yr
      3,288 SF

      Fayetteville Commercial Space For Lease

      Adaptable 3,288 SF space in high-visibility Fayetteville location.
      3422 College Avenue, Fayetteville, AR 72703
      View Details
    • $35 SF/Yr
      4,244 SF

      Fayetteville Commercial Space For Rent

      Commercial space for rent near Washington Regional Medical Center.
      3330 N Plainview Avenue, Fayetteville, AR 72703
      View Details
    • $1,100/Mo
      520 SF

      Fayetteville Commercial Space For Lease

      Well-appointed 520 SF space ideal for office or retail.
      75 Colt Square Drive, Fayetteville, AR 72703
      View Details
    • $16 SF/Yr
      10,000 SF

      Fayetteville Flex Building For Lease

      New construction flex building suitable for office, showroom, warehouse.
      10041 N Campbell Road, Fayetteville, AR 72701
      View Details

    FAQs

    What type of property is this?
    Office building - Professional office building with great exposure and convenient location.
    Where is this office building located?
    The property is located at 215 N College Avenue Fayetteville, AR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime location: Close to Downtown Fayetteville, University of Arkansas, Wash County Courthouse, Dickson Street, and Fay Square.; 22 on‑site parking spaces, plus room for 5‑6 more.; 7 spacious, exterior offices, each with a large closet.
    4795216106x2
    We can help!
    Listing Contact
    George Faucette, Jr
    Real Estate License ID: EB00001940
    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
    215 N College Avenue, 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!