Office Building with Parking
778 Happy Hollow Road, Fayetteville, AR 72701
For Sale
$749,900
CommercialSale, Fayetteville, AR
Property Size1,874 SF
Lot Size0.85 Acres
Price / SF$400.16
Days on Market180
Property Features for 778 Happy Hollow Road
General Information
Property type
Property subtype
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
Keller Williams Market Pro Realty Branch Office · Keller Williams Realty
(479) 657-6797
Listed By:
Harris Group
(479) 295-0290
Added: May 18
Changed: Nov 11
Last Checked: Nov 13 at 8:06PM
MLS# 1347778
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.
This office building was constructed in 1995 and features carpeted interiors, Masonite construction, a shingle and asphalt roof, and a dedicated parking lot. Heating is provided by natural gas and central systems, while cooling uses central air and electric service.
The property occupies a 0.85-acre lot in Fayetteville, Arkansas. Public water and public sewer serve the site, providing established utility infrastructure for office operations.
The property occupies a 0.85-acre lot in Fayetteville, Arkansas. Public water and public sewer serve the site, providing established utility infrastructure for office operations.
Key Highlights
- 0.85‑acre lot in Fayetteville, AR
- Office building constructed in 1995
- Dedicated parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,294
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,880
$565.9K
Cap Rate 7%
$404,200
$404.2K
Cap Rate 9%
$314,378
$314.4K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$40.5K $21.60/SF
− Vacancy
−$2.8K −$1.47/SF
EGI
$37.7K $20.13/SF
− OpEx
−$9.4K −$5.03/SF
NOI
$28.3K $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%
$565,880
Cap Rate 7%
$404,200
Cap Rate 9%
$314,378
Alternative Uses
Best Use
Office B
$404.2K
$353.7K – $471.6K
NOI $28,294 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.0K
$440.1K – $586.9K
NOI $35,211 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
165
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 buildings in Fayetteville, AR
Properties on Market for Office buildings in Fayetteville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with a parking lot, central heating and cooling, and public water and sewer service.
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 $749,900.
What are key features of this property?
This property features: 0.85‑acre lot in Fayetteville, AR; Office building constructed in 1995; Dedicated parking lot
