Downtown Office
For Sale
Contact for pricing
509 W Spring Street #145, Fayetteville, AR 72701
The property sits within Fayetteville’s Cultural Arts Corridor, near Dickson Street and the University of Arkansas.
Property Size1,777 SF
Price / SF$0.01
Days on Market143
Property Features for 509 W Spring Street #145
General Information
Standard status
Active
Size
1,777 SF
Property subtype
Office
Building Details
Year Built
2008
Listing Agency:
Moses Tucker Partners-Bentonville Branch
(479) 271-6118
Listed By:
Zack Kifer · License #SA00076575
(479) 387-2156
Source:
Hangerpropertygroup
Added: Jun 15
Changed: Nov 3
Last Checked: Nov 4 at 7:32AM
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 Moses Tucker Partners-Bentonville Branch
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Investment Insights
Based on property information with market context.
This office unit at 509 W Spring Street #145 contains 1,777 square feet. The building was constructed in 2008.
The property is near Dickson Street and a short walk from the University of Arkansas, within Fayetteville’s Cultural Arts Corridor. Nearby businesses include Prelude Breakfast Bar, Rolando’s Restaurante, Artemis Lounge, Botanical at Metro District, Crown Beauty Bar, Club 509, Hanky Panky Burgers, and CBD American Shaman Kava Bar. The surrounding area has more than 3,000 student housing beds within 0.5 mile, with another 1,000 beds in development.
The property is near Dickson Street and a short walk from the University of Arkansas, within Fayetteville’s Cultural Arts Corridor. Nearby businesses include Prelude Breakfast Bar, Rolando’s Restaurante, Artemis Lounge, Botanical at Metro District, Crown Beauty Bar, Club 509, Hanky Panky Burgers, and CBD American Shaman Kava Bar. The surrounding area has more than 3,000 student housing beds within 0.5 mile, with another 1,000 beds in development.
Key Highlights
- 1,777‑square‑foot office unit at 509 W Spring Street #145
- Building constructed in 2008
- Near Dickson Street and within walking distance of the University of Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,600
$536.6K
Cap Rate 7%
$383,286
$383.3K
Cap Rate 9%
$298,111
$298.1K
Market Conditions
NOI Build-Up for 1,777 SF
Gross rent
$38.4K $21.60/SF
− Vacancy
−$2.6K −$1.47/SF
EGI
$35.8K $20.13/SF
− OpEx
−$8.9K −$5.03/SF
NOI
$26.8K $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%
$536,600
Cap Rate 7%
$383,286
Cap Rate 9%
$298,111
Alternative Uses
Best Use
Office B
$383.3K
$335.4K – $447.2K
NOI $26,830 @ 7.0% cap · market cap 121,954.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.0K
$417.4K – $556.5K
NOI $33,388 @ 7.0% cap · market cap 151,763.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,374
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The property sits within Fayetteville’s Cultural Arts Corridor, near Dickson Street and the University of Arkansas.
Where is this office unit located?
The property is located at 509 W Spring Street #145 Fayetteville, AR.
What are key features of this property?
This property features: 1,777‑square‑foot office unit at 509 W Spring Street #145; Building constructed in 2008; Near Dickson Street and within walking distance of the University of Arkansas
