Office Property with On-Site
For Sale
$749,900
778 Happy Hollow Road, Fayetteville, AR 72701
The 1995 building occupies a 0.85-acre site in Fayetteville, near the University of Arkansas and downtown.
Property Size1,874 SF
Lot Size0.85 Acres
Price / SF$400.16
Days on Market159
Property Features for 778 Happy Hollow Road
General Information
Standard status
Active
Size
1,874 SF
Lot size
0.85 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,400
Building Details
Building Size
1,874 SF
Year Built
1995
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(479) 657-6797
Listed By:
Harris Group
(479) 295-0290
Source:
Cappyharrisrealtors
Added: May 18
Changed: Oct 22
Last Checked: Oct 22 at 2:37PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property in Fayetteville was built in 1995 and sits on a 0.85-acre parcel. The site includes parking and offers access to nearby commercial corridors.
The property is minutes from the University of Arkansas and downtown Fayetteville. Established neighborhoods, local businesses, and ongoing development are also part of the surrounding area.
The property is minutes from the University of Arkansas and downtown Fayetteville. Established neighborhoods, local businesses, and ongoing development are also part of the surrounding area.
Key Highlights
- 0.85‑acre office property in Fayetteville
- Built in 1995
- Parking on site
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
Retail
$315.1K
$275.7K – $367.6K
NOI $22,054 @ 7.0% cap · market cap 2.94%
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office space - The 1995 building occupies a 0.85-acre site in Fayetteville, near the University of Arkansas and downtown.
Where is this office space 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 office property in Fayetteville; Built in 1995; Parking on site
