Multi-Suite Mixed-Use
2385-2389 N Green Acres Road, Fayetteville, AR 72703
For Sale
$800,000
Three units provide retail and service space with offices, storage, staff areas, and restrooms.
Property Size5,022 SF
Price / SF$159.30
Days on Market9
Property Features for 2385-2389 N Green Acres Road
General Information
Standard status
Size
Zoning
Occupancy
Site & Location
Corner Location
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
Carpet,Concrete,Luxury Vinyl Plank,Vinyl
1
false
Public Records
Central Business District,Corner Lot,City Lot
Public
0.59
30
Parking Lot
Slab
5022
Building Details
Building Size
Year Built
Stories
Tenancy
Abandoned
Listing Agency:
(479) 337-7331
Listed By:
Wes Bradley
Source:
Mooreandcorealtors
Added: Nov 5
Changed: Nov 13
Last Checked: Nov 12 at 5:45PM
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 Wes Bradley
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.
Built in 1989, this mixed-use property comprises three units. Unit 2385 measures 2,560 square feet and is configured with a front showroom area, a rear room, three offices, a kitchenette-equipped staff area, and a bathroom. It is leased through August 31, 2028. Units 2387 and 2389 are used together as one space of approximately 2,460 square feet. Their features include showroom areas, flex space, storage, bathrooms, and a staff break room; the lease is month to month.
The property sits at the corner of Colt Square and Green Acres Road, off Township Road, near shopping, services, and I-49 in Fayetteville. It is identified as being in an Urban Corridor, though the zoning designation is not consistent across the property information.
The property sits at the corner of Colt Square and Green Acres Road, off Township Road, near shopping, services, and I-49 in Fayetteville. It is identified as being in an Urban Corridor, though the zoning designation is not consistent across the property information.
Key Highlights
- Three units with 2,560 square feet in Unit 2385 and approximately 2,460 square feet across Units 2387 and 2389
- Unit 2385 includes three offices, a rear room, kitchenette‑equipped staff area, and bathroom
- Units 2387 and 2389 feature showroom areas, flex space, storage, bathrooms, and a staff break room
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
100%
Occupancy
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 units provide retail and service space with offices, storage, staff areas, and restrooms.
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: Three units with 2,560 square feet in Unit 2385 and approximately 2,460 square feet across Units 2387 and 2389; Unit 2385 includes three offices, a rear room, kitchenette‑equipped staff area, and bathroom; Units 2387 and 2389 feature showroom areas, flex space, storage, bathrooms, and a staff break room
