Mixed-Use Property with Retail
New
For Sale
$800,000
2385-2389 N Green Acres Road, Fayetteville, AR 72703
CommercialSale, Fayetteville, AR
Property Size5,022 SF
Lot Size0.59 Acres
Price / SF$159.30
Days on Market3
Property Features for 2385-2389 N Green Acres Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
30
Parking features
Parking Lot
Lot features
Central Business District, Corner Lot, City Lot
Directions
Heading east on Fulbright Expy, exit toward Gregg St, Merge onto N Futrall Dr, left onto N Gregg Ave, left onto W Township St, right onto Green Acres Rd, property will be on the right
Standard status
Active
APN
765-04009-000
Size
5,022 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Description
BLOCK 1 LOT 6 OF COLT SQUARE S/D OF WASHINGTON COUNTY, AR S04-T16-R30
Tax Annual Amount
5230
Legal Description
BLOCK 1 LOT 6 OF COLT SQUARE S/D OF WASHINGTON COUNTY, AR S04-T16-R30
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1989
Floors in Building
1
Number of units
3
Flooring type
Concrete, Vinyl, Carpet
Building materials
Stucco, VinylSiding
Roof type
Metal
Listing Agency:
McNaughton Real Estate
Listed By:
McNaughton Team
(479) 442-9099
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 2:06AM
MLS# 1365193
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.
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Investment Insights
Based on property information with market context.
At 2385–2389 N Green Acres Road, this 5,022-square-foot mixed-use property contains two operating configurations. Unit 2385 measures 2,560 square feet and has a front showroom, rear room, three offices, staff area with kitchenette, and bathroom. Units 2387–2389 function together as a roughly 2,460-square-foot space with two front showrooms, private rooms, storage, and a bathroom. The buildings date to 1989 and sit on 0.59 acres, with a parking lot and public water and sewer.
The property is zoned Urban Corridor (UC), near shopping and services, and accessible to I-49. Unit 2385 has a gross lease running through August 31, 2028; the combined space at 2387–2389 is under a gross month-to-month lease.
The property is zoned Urban Corridor (UC), near shopping and services, and accessible to I-49. Unit 2385 has a gross lease running through August 31, 2028; the combined space at 2387–2389 is under a gross month-to-month lease.
Key Highlights
- 5,022‑square‑foot mixed‑use property on 0.59 acres
- Unit 2385 contains 2,560 square feet and has a gross lease through August 31, 2028
- Units 2387–2389 operate together in approximately 2,460 square feet under a gross month‑to‑month lease
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.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Urban Corridor zoning and two existing gross leases characterize this Fayetteville commercial property.
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 on 0.59 acres; Unit 2385 contains 2,560 square feet and has a gross lease through August 31, 2028; Units 2387–2389 operate together in approximately 2,460 square feet under a gross month‑to‑month lease
