College Avenue Commercial Building For
For Sale
$775,000
2227 N College Avenue, Fayetteville, AR 72703
3,447 SF building on College Ave with high visibility.
Property Size3,447 SF
Lot Size0.47 Acres
Price / SF$224.83
Days on Market151
Property Features for 2227 N College Avenue
General Information
Standard status
Active
Size
3,447 SF
Lot size
0.47 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1957
Listing Agency:
SoHo eXp NWA Branch
(479) 871-9227
Listed By:
Soho NWA
(479) 871-9227
Source:
Exitrealty
Added: Mar 7
Changed: Jul 10
Last Checked: Aug 5 at 3:57AM
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 SoHo eXp NWA Branch
Investment Insights
Based on property information with market context.
This 3,447 square foot building, constructed in 1957, offers high visibility on College Avenue with a daily traffic count of 29,000. The property features functional workspace with mid-century design elements, including natural light, original hardwood floors, and built-ins. Its flexible layout can accommodate up to 10 private offices or studios, serve as a headquarters for an owner-occupant business, or be adapted for other uses. Situated on a 0.47-acre lot, the property includes a large fenced backyard, providing flexibility for outdoor applications, future expansion, or additional parking. This property presents an opportunity to establish a visible presence in Fayetteville.
Key Highlights
- High‑visibility location on College Ave with 29,000 daily traffic count.
- Large .47 acre lot with fenced backyard offering flexibility.
- 3,447 sqft building with flexible layout suitable for offices, studios, or headquarters.
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 | $74.5k | $21.60 |
| − Vacancy | −$5.1k | −$1.47 |
| EGI | $69.4k | $20.13 |
| − OpEx | −$17.3k | −$5.03 |
| NOI | $52.0k | $15.10 |
3,447 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$743.5K
$650.6K – $867.4K
NOI $52,044 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$925.2K
$809.6K – $1.08M
NOI $64,766 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 3,447 SF building on College Ave with high visibility.
Where is this office building located?
The property is located at 2227 N College Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: High‑visibility location on College Ave with 29,000 daily traffic count.; Large .47 acre lot with fenced backyard offering flexibility.; 3,447 sqft building with flexible layout suitable for offices, studios, or headquarters.
