Landmark Office Building with
3024 N Market Avenue Fayetteville, AR 72703
For Sale
$1,400,000
SINGLE_FAMILY - Fayetteville, AR
Property Size7,825 SF
Lot Size0.48 Acres
Price / SF$178.91
Days on Market53
Property Features for 3024 N Market Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 19
- Standard status
- Active
- APN
- 765-03997-000
- Size
- 7,825 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Description
- Lot 2, College Market Addition
- Tax Annual Amount
- 10822
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 6
Listing Agency:
Hillcrest Real Estate Group, LLC
(479) 443-4313
Listed By:
Bob Hill · License #PB00047670
(479) 283-2258
Added: Jun 1
Changed: Jun 8
Last Checked: Jul 23 at 7:06PM
MLS# 1349404
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.
Investment Insights
Based on property information with market context.
The Trumbo Building is a landmark commercial office property known since its construction in 1976. The structure is built with concrete block construction and features a flat roof with Firestone synthetic material installed in 2008. On-site parking is provided in concrete, with approximately 19 spaces in the front and 3–4 spaces in the rear.
The property is located at 3024 N Market Avenue in Fayetteville, Arkansas, Washington County. It offers easy access to Highway 71 (College Ave.), Interstate 49, and Highway 265 (Crossover Rd.), supporting convenient arrival for employees, customers, and vendors.
This building’s utility configuration includes six electric meters, six gas meters, and one water meter, which may support multiple billing arrangements or tenant metering depending on the intended use. With its established office building improvements and dedicated parking, the Trumbo Building is suited for professional office tenants and buyers seeking a concrete block, landmark property with clearly defined on-site vehicle storage. Financial information is available to qualified buyers upon request.
The property is located at 3024 N Market Avenue in Fayetteville, Arkansas, Washington County. It offers easy access to Highway 71 (College Ave.), Interstate 49, and Highway 265 (Crossover Rd.), supporting convenient arrival for employees, customers, and vendors.
This building’s utility configuration includes six electric meters, six gas meters, and one water meter, which may support multiple billing arrangements or tenant metering depending on the intended use. With its established office building improvements and dedicated parking, the Trumbo Building is suited for professional office tenants and buyers seeking a concrete block, landmark property with clearly defined on-site vehicle storage. Financial information is available to qualified buyers upon request.
Key Highlights
- Landmark property built in 1976 with concrete block construction and a flat roof
- Flat roof includes Firestone synthetic material installed in 2008
- Concrete parking area includes 19 front spaces and 3–4 rear spaces
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 | $169.0k | $21.60 |
| − Vacancy | −$11.5k | −$1.47 |
| EGI | $157.5k | $20.13 |
| − OpEx | −$39.4k | −$5.03 |
| NOI | $118.1k | $15.10 |
7,825 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,145 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,025 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
R H Hill ...
Real Estate Agency
Home Front Air ...
Medical Supply Store
Giltner Solutions
Freight Service
J & G Ventures ...
Home Health Care Service
strut
Marketing & Advertising
FAQs
What type of property is this?
Office building - Concrete block office building with a flat roof system installed in 2008 and on-site parking for front and rear access.
Where is this office building located?
The property is located at 3024 N Market Avenue Fayetteville, AR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Landmark property built in 1976 with concrete block construction and a flat roof; Flat roof includes Firestone synthetic material installed in 2008; Concrete parking area includes 19 front spaces and 3–4 rear spaces
