Flexible Retail and Office
778 Happy Hollow Road Fayetteville, AR 72701
For Sale
$845,000
Versatile commercial building with on-site parking and easy access near major Fayetteville destinations.
Property Size1,874 SF
Lot Size0.85 Acres
Price / SF$450.91
Days on Market79
Property Features for 778 Happy Hollow Road
General Information
Standard status
Active
Size
1,874 SF
Lot size
0.85 Acres
Property subtype
Office
Building Details
Year Built
1995
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(479) 295-0290
Listed By:
Harris Group
(479) 295-0290
Source:
Xome
Added: May 13
Changed: Jul 10
Last Checked: Jul 30 at 5:57AM
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 Keller Williams Market Pro Realty Branch Office
Investment Insights
Based on property information with market context.
This versatile commercial property at 778 S Happy Hollow Dr offers approximately 2,130 SF of flexible interior space on a .85-acre lot. The layout is designed to support a range of uses, including office, retail, studio, and service-based business concepts, depending on how the space is configured to fit operations.
The property is positioned in one of Fayetteville’s convenient and growing areas, with access described as just minutes from the University of Arkansas, downtown Fayetteville, and nearby traffic corridors. It sits among established neighborhoods and local businesses, with ongoing development referenced in the surrounding area.
For an owner-user, the combination of flexible space and ample parking can support a storefront, professional office, or studio use that benefits from straightforward access. For investors, the property’s adaptable layout and multiple potential business types may allow a buyer to tailor the space to changing tenant needs within a high-traffic Fayetteville corridor. If you’re evaluating a commercial building for a broad range of use cases, this property’s configuration and location make it worth a close look.
The property is positioned in one of Fayetteville’s convenient and growing areas, with access described as just minutes from the University of Arkansas, downtown Fayetteville, and nearby traffic corridors. It sits among established neighborhoods and local businesses, with ongoing development referenced in the surrounding area.
For an owner-user, the combination of flexible space and ample parking can support a storefront, professional office, or studio use that benefits from straightforward access. For investors, the property’s adaptable layout and multiple potential business types may allow a buyer to tailor the space to changing tenant needs within a high-traffic Fayetteville corridor. If you’re evaluating a commercial building for a broad range of use cases, this property’s configuration and location make it worth a close look.
Key Highlights
- Approx. 2,130 SF commercial building on a 0.85‑acre lot at 778 S Happy Hollow Dr
- Corner lot with on‑site parking and lot dimensions of 335 x 100
- Built in 1995
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 | $40.5k | $21.60 |
| − Vacancy | −$2.8k | −$1.47 |
| EGI | $37.7k | $20.13 |
| − OpEx | −$9.4k | −$5.03 |
| NOI | $28.3k | $15.10 |
1,874 SF · lease $21.60/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$315.1K
$275.7K – $367.6K
NOI $22,054 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$503.0K
$440.1K – $586.9K
NOI $35,211 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Versatile commercial building with on-site parking and easy access near major Fayetteville destinations.
Where is this office building located?
The property is located at 778 Happy Hollow Road Fayetteville, AR.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Approx. 2,130 SF commercial building on a 0.85‑acre lot at 778 S Happy Hollow Dr; Corner lot with on‑site parking and lot dimensions of 335 x 100; Built in 1995
