Mixed-Use Neighborhood
For Sale
Contact for pricing
2817 N Mansfield Avenue, Fayetteville, AR 72703
A phased Fayetteville district is planned to bring housing, healthcare, offices, local businesses, and green space together.
Property Size23,005 SF
Lot Size165.00 Acres
Price / SF$0.00
Days on Market184
Property Features for 2817 N Mansfield Avenue
General Information
Standard status
Active
Size
23,005 SF
Lot size
165.00 Acres
Property subtype
Retail
Listing Agency:
EXP Realty LLC
Listed By:
Brady Hanger
(417) 259-2525
Source:
Hangerpropertygroup
Added: May 4
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
Drake Farms is a 165-acre mixed-use district in Fayetteville planned to take shape through multiple phases over 15 years. Its planned components include housing, healthcare, offices, locally owned businesses, and preserved green space.
The plan calls for a walkable setting with streets intended to connect its different areas and everyday needs located within reach.
The plan calls for a walkable setting with streets intended to connect its different areas and everyday needs located within reach.
Key Highlights
- 165‑acre mixed‑use district in Fayetteville
- Planned multi‑phase development over 15 years
- Planned mix includes homes, healthcare, offices, and locally owned businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,115
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,300
$3.2M
Cap Rate 7%
$2,287,357
$2.3M
Cap Rate 9%
$1,779,056
$1.8M
Market Conditions
NOI Build-Up for 23,005 SF
Gross rent
$276.1K $12.00/SF
− Vacancy
−$19.9K −$0.86/SF
EGI
$256.2K $11.14/SF
− OpEx
−$96.1K −$4.18/SF
NOI
$160.1K $6.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,202,300
Cap Rate 7%
$2,287,357
Cap Rate 9%
$1,779,056
Alternative Uses
Best Use
Retail
$3.87M
$3.38M – $4.51M
NOI $270,732 @ 7.0% cap · market cap 752,033.33%
Second Best
Mixed Use
$2.29M
$2.00M – $2.67M
NOI $160,115 @ 7.0% cap · market cap 444,763.89%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $432,244 @ 7.0% cap · market cap 1,200,677.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A phased Fayetteville district is planned to bring housing, healthcare, offices, local businesses, and green space together.
Where is this mixed-use property located?
The property is located at 2817 N Mansfield Avenue Fayetteville, AR.
What are key features of this property?
This property features: 165‑acre mixed‑use district in Fayetteville; Planned multi‑phase development over 15 years; Planned mix includes homes, healthcare, offices, and locally owned businesses
