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Office Unit with Reception Area

516 E Millsap Road, Fayetteville, AR 72703

For Lease
$1,900/Mo

CommercialLease, Fayetteville, AR

Space SizeContact for details
Days on Market266

Property Features for 516 E Millsap Road

General Information

Property type Commercial Lease
Property subtype Office
Parking features Parking Lot
Subdivision CMN Business Park
Lot features Business Park, City Lot
Directions 71B, West on Millsap, property on Right, red brick building.
Standard status Active
Size 701 SF

Taxes and HOA fees

Expense value 1900
Expense SecurityDeposit
Expense freq. One Time

Amenities

Reception area
break room

Building Details

Year built 2000
Floors in Building 2
Listing Agency: Lindsey & Associates Inc
Listed By: Jeremy Kennedy · License AR SA00059336
Added: Feb 18 Changed: Oct 17 Last Checked: Nov 10 at 6:06AM
MLS# 1336318

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.

Rey
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Investment Insights

Based on property information with market context.

This 701-square-foot office unit, built in 2000, offers a practical layout for professional use. The interior includes a reception area, two large offices, and a break room, creating a defined arrival space along with dedicated work areas and staff support space.

The property is located at 516 E Millsap Road in Fayetteville, with convenient access to I-49. On-site parking is provided through a parking lot, adding a straightforward parking solution for occupants and visitors.

Key Highlights

  • 701 SF office unit built in 2000
  • Reception area, two large offices, and break room
  • On‑site parking lot

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hawkins-Weir Engineers, Inc. Engineering Consultant HoganTaylor LLP Accounting Firm Wheeler Holly Insurance Agency Schneider Electric Production Facility Arvest Private Banking Financial Advisor

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$4.88 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,658
Businesses Nearby

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
View Realmo Analytics

Market

Lease Benchmarks for Fayetteville, AR

$23.65 /SF/Yr
Avg Asking Price
$1.47–$100 /SF/Yr
Price Range
2,705 SF
Avg Space Size

This space is priced 37% above the average of $23.65 /SF/Yr.

Average Price Trend$/SF/Yr for Office Units in Fayetteville, AR

$26.2 Jul
$23.28 Aug
$22.44 Sep
$23.63 Oct

Properties on Market for Office Units in Fayetteville

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Functional workspace with private offices, a break room, on-site parking, and access to I-49.
Where is this office unit located?
The property is located at 516 E Millsap Road Fayetteville, AR.
What is the lease rate?
The lease rate is $1,900/Mo.
What are key features of this property?
This property features: 701 SF office unit built in 2000; Reception area, two large offices, and break room; On‑site parking lot
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Includes: Price & PSF · Cap rate · Location · Zoning

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