Multi-Suite Mixed-Use
For Sale
$800,000
2385-2389 N Green Acres Road, Fayetteville, AR 72703
Three connected units combine retail and beauty-service space under Urban Corridor zoning.
Property Size5,022 SF
Price / SF$159.30
Days on Market23
Property Features for 2385-2389 N Green Acres Road
General Information
Standard status
Active
Size
5,022 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
UC
Site & Location
Corner Location
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,230
Building Details
Building Size
5,022 SF
Year Built
1989
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
McNaughton Real Estate
Listed By:
McNaughton Team
(479) 442-9099
Source:
Cappyharrisrealtors
Added: Oct 15
Changed: Nov 6
Last Checked: Nov 6 at 1:41AM
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 McNaughton Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2385–2389 N Green Acres Road, this 5,022-square-foot mixed-use property comprises three units. Unit 2385 contains 2,560 square feet and is operating as a retail store. Its layout includes a front sales or customer area, a rear room, three offices, a staff kitchenette and a bathroom. The two other units, 2387 and 2389, are used together as a beauty-service business and total approximately 2,460 square feet. Their features include open display areas, flexible-use rooms, storage, bathrooms and a staff break room.
The property is at the corner of Colt Sq and Green Acres, off Township, with shopping, services and I-49 nearby. Urban Corridor (UC) zoning applies. Unit 2385 has a gross lease extending through August 31, 2028; the combined operation in 2387–2389 has a gross month-to-month lease. The building was constructed in 1989.
The property is at the corner of Colt Sq and Green Acres, off Township, with shopping, services and I-49 nearby. Urban Corridor (UC) zoning applies. Unit 2385 has a gross lease extending through August 31, 2028; the combined operation in 2387–2389 has a gross month-to-month lease. The building was constructed in 1989.
Key Highlights
- 5,022‑square‑foot mixed‑use property with three units
- Unit 2385 offers 2,560 square feet, three offices and a staff kitchenette
- Units 2387–2389 operate together with approximately 2,460 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,101
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,020
$1.2M
Cap Rate 7%
$844,300
$844.3K
Cap Rate 9%
$656,678
$656.7K
Market Conditions
NOI Build-Up for 5,022 SF
Gross rent
$90.4K $18.00/SF
− Vacancy
−$6.0K −$1.19/SF
EGI
$84.4K $16.81/SF
− OpEx
−$25.3K −$5.04/SF
NOI
$59.1K $11.77/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,182,020
Cap Rate 7%
$844,300
Cap Rate 9%
$656,678
Alternative Uses
Best Use
Retail
$844.3K
$738.8K – $985.0K
NOI $59,101 @ 7.0% cap · market cap 7.39%
Second Best
Mixed Use
$499.3K
$436.9K – $582.6K
NOI $34,953 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,359 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Shops & Services 43%
Groceries 4%
Beauty & Spa 3%
Kum & Go
Shops & Services
24,621 visits/mo
0.4 miles
Braum's Ice Cream & Dairy Stores
Dining
17,253 visits/mo
0.4 miles
Starbucks
Dining
11,240 visits/mo
0.4 miles
Burger King
Dining
9,962 visits/mo
0.3 miles
Arvest Bank
Shops & Services
8,916 visits/mo
0.3 miles
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three connected units combine retail and beauty-service space under Urban Corridor zoning.
Where is this mixed-use property located?
The property is located at 2385-2389 N Green Acres Road Fayetteville, AR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,022‑square‑foot mixed‑use property with three units; Unit 2385 offers 2,560 square feet, three offices and a staff kitchenette; Units 2387–2389 operate together with approximately 2,460 square feet
