Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Land on Retail Corridor Title is generated by Realmo AI

    W Wedington Dr, Fayetteville, AR 72704

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Remaining development land in fast-growing Fayetteville residential area.

    Type:Land
    Added:
    Jul 1, 2024
    Days on Market:
    691
    Last Refresh:
    May 12 at 8:57 pm

    Property Features for W Wedington Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Matt Strom, CCIM
    Matt Strom, CCIM

    Listing agent Matt Strom, CCIM License #AR SA00074883

    Listing office Kelley Commercial Partners

    Listing date Jul 1, 2024

    Source Crexi

    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 Kelley Commercial Partners

    HighLights

    • Only remaining development land on dense retail corridor
    • Developer is providing all utilities, access roads, and regional detention
    • Ideal location for all retail uses
    • Fastest growing residential area in Fayetteville

    Overview

    This is the only remaining development land available on a dense retail corridor in Fayetteville, Arkansas. The location is ideal for all retail uses. The developer is providing all utilities, access roads, and regional detention. The property is situated in one of the fastest-growing residential areas of Fayetteville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.179997
    Latitude
    36.07907

    Nearby Similar for Sale

    • $2,300,000
      6,216 SF

      Fayetteville Commercial Property For Sale

      Highly visible, fully leased commercial property in Uptown Fayetteville.
      3945 N Vantage Drive, Fayetteville, AR 72703
      View Details
    • $1,495,000
      2,779 SF

      Fayetteville Restaurant Opportunity For Sale

      Turnkey restaurant near University of Arkansas with high-visibility.
      514 N College Avenue, Fayetteville, AR 72701
      View Details
    • $1,095,000
      6,375 SF

      Fayetteville Three-Plex Investment Opportunity

      Turnkey three-plex near University of Arkansas with high rental potential.
      765, 767, 769 N Wordsworth Lane, Fayetteville, AR 72704
      View Details
    • $1,095,000
      6,375 SF

      Turnkey Fayetteville Three-Plex Opportunity

      Three 4-bedroom units near University of Arkansas.
      774, 776, 778 N Wordsworth Lane, Fayetteville, AR 72704
      View Details
    • $900,000
      1,874 SF

      Fayetteville Commercial Property For Sale

      Versatile commercial property in a convenient, growing Fayetteville location.
      778 Happy Hollow Road, Fayetteville, AR 72701
      View Details
    • $549,000
      3,174 SF

      Fayetteville Triplex Investment Opportunity

      Triplex near University of Arkansas with flexible investment strategies.
      1270 -1274 Trinity Drive, Fayetteville, AR 72704
      View Details
    • $2,500,000
      8,484 SF

      Fayetteville Office or Retail Space

      High-traffic location suitable for office or retail use.
      3887 N Crossover Road, Fayetteville, AR 72703
      View Details
    • $2,150,000
      11,579 SF

      Luxury Duplexes Near University

      Six-unit multifamily property near University of Arkansas and Fayetteville Trail.
      943 S Rupple Road, Fayetteville, AR 72704
      View Details
    • $618,900
      2,784 SF

      New Duplex in South Fayetteville

      Brand new, fully leased duplex in an up-and-coming location.
      820 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $618,900
      2,784 SF

      New Duplex in South Fayetteville

      New duplex for sale in up-and-coming South Fayetteville.
      832 S Dockery Lane, Fayetteville, AR 72701
      View Details
    • $3,650,000
      16,998 SF

      Fayetteville Multi-Story Commercial Building

      Fully leased commercial building near University of Arkansas and courthouse.
      2 N College Avenue, Fayetteville, AR 72701
      View Details
    • $2,400,000
      12,968 SF

      Fayetteville Investment Opportunity

      Cash flowing investment property with upside potential in Fayetteville, AR.
      4083 N Shiloh Drive, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Commercial land - Remaining development land in fast-growing Fayetteville residential area.
    Where is this commercial land located?
    The property is located at W Wedington Dr Fayetteville, AR.
    What are key features of this property?
    This property features: Only remaining development land on dense retail corridor; Developer is providing all utilities, access roads, and regional detention; Ideal location for all retail uses
    (501) 804-4447 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Strom, CCIM
    Matt Strom, CCIM
    Real Estate License ID: AR SA00074883
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W Wedington Dr, Fayetteville, AR 72704
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!