Office Unit with Separate
401 W Watson Street, Fayetteville, AR 72701
For Sale
New
$290,000
CommercialSale, Fayetteville, AR
Property Size886 SF
Lot Size0.30 Acres
Price / SF$327.31
Days on Market2
Property Features for 401 W Watson Street
General Information
Property type
Property subtype
Zoning description
Parking
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Listing Agency:
Downtown Properties Real Estate Group, Inc.
Listed By:
Mitch Weigel · License AR PB00049323
(479) 443-1313
Added: Nov 12
Changed: Nov 13
Last Checked: Nov 13 at 8:06PM
MLS# 1367953
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.
Located in the Legacy Building, this 886-square-foot self-contained unit can accommodate office or retail use. It has a dedicated exterior entrance and windows facing the south public parking lot. Electric heat and a water heater serve the space.
The property is at 401 W Watson Street in Fayetteville’s Dickson Street Entertainment District.
The property is at 401 W Watson Street in Fayetteville’s Dickson Street Entertainment District.
Key Highlights
- 886‑square‑foot unit in the Legacy Building
- Self‑contained layout with its own exterior entrance
- Windows face the south public parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,377
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,540
$267.5K
Cap Rate 7%
$191,100
$191.1K
Cap Rate 9%
$148,633
$148.6K
Market Conditions
NOI Build-Up for 886 SF
Gross rent
$19.1K $21.60/SF
− Vacancy
−$1.3K −$1.47/SF
EGI
$17.8K $20.13/SF
− OpEx
−$4.5K −$5.03/SF
NOI
$13.4K $15.10/SF
Area
Washington County, AR
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$267,540
Cap Rate 7%
$191,100
Cap Rate 9%
$148,633
Alternative Uses
Best Use
Office B
$191.1K
$167.2K – $223.0K
NOI $13,377 @ 7.0% cap · market cap 4.61%
Second Best
Retail
$149.0K
$130.3K – $173.8K
NOI $10,427 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$237.8K
$208.1K – $277.5K
NOI $16,647 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,326
Businesses Nearby
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Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Washington County, AR
Properties on Market for Office Units in Washington County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A self-contained suite offers an independent exterior entry and windows oriented toward the south parking area.
Where is this office unit located?
The property is located at 401 W Watson Street Fayetteville, AR.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 886‑square‑foot unit in the Legacy Building; Self‑contained layout with its own exterior entrance; Windows face the south public parking lot
