University-Area Flex
For Sale
Contact for pricing
2155 Martin Luther King Blvd, Fayetteville, AR 72704
Office and warehouse configuration with laundry hookups, shared parking, and convenient access to nearby commercial services.
Property Size2,277 SF
Price / SF$0.01
Days on Market62
Property Features for 2155 Martin Luther King Blvd
General Information
Standard status
Active
Size
2,277 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
laundry hookups
Building Details
Year Built
1998
Listing Agency:
Synergy Realty Group, LLC
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Aug 20
Changed: Oct 19
Last Checked: Oct 19 at 7:30AM
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 Synergy Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 2,277-square-foot flex property combines office and warehouse functions within a building constructed in 1998. The space includes hookups for a laundry area, while shared parking serves the property. The rear storage or warehouse area is excluded from the lease arrangement described in the source information.
Located at 2155 Martin Luther King Blvd in Fayetteville, the property is within walking distance of the University of Arkansas and positioned near restaurants, the business district, scenic walking trails, and Interstate 49. Its setting between two restaurants places the building within an established commercial corridor with convenient access to surrounding amenities.
Located at 2155 Martin Luther King Blvd in Fayetteville, the property is within walking distance of the University of Arkansas and positioned near restaurants, the business district, scenic walking trails, and Interstate 49. Its setting between two restaurants places the building within an established commercial corridor with convenient access to surrounding amenities.
Key Highlights
- 2,277‑square‑foot flex space with office and warehouse components
- Building constructed in 1998
- Laundry area hookups included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,935
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,700
$238.7K
Cap Rate 7%
$170,500
$170.5K
Cap Rate 9%
$132,611
$132.6K
Market Conditions
NOI Build-Up for 2,277 SF
Gross rent
$20.5K $9.00/SF
− Vacancy
−$2.1K −$0.94/SF
EGI
$18.4K $8.06/SF
− OpEx
−$6.4K −$2.82/SF
NOI
$11.9K $5.24/SF
Area
Washington County, AR
Vacancy
10.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,700
Cap Rate 7%
$170,500
Cap Rate 9%
$132,611
Alternative Uses
Best Use
Office B
$491.1K
$429.7K – $573.0K
NOI $34,379 @ 7.0% cap · market cap 214,868.75%
Second Best
Industrial
$190.2K
$166.4K – $221.9K
NOI $13,312 @ 7.0% cap · market cap 83,200.00%
Theoretical Best
Office A
$611.2K
$534.8K – $713.1K
NOI $42,783 @ 7.0% cap · market cap 267,393.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with laundry hookups, shared parking, and convenient access to nearby commercial services.
Where is this flex space located?
The property is located at 2155 Martin Luther King Blvd Fayetteville, AR.
What are key features of this property?
This property features: 2,277‑square‑foot flex space with office and warehouse components; Building constructed in 1998; Laundry area hookups included
