Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3615 Steele Blvd Fayetteville, AR 72704

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Class A, NNN-leased, high-return property.

    Property size:
    24,925 SF

    Property Features for 3615 Steele Blvd

    General Information

    Property type
    Retail space
    Square Feet
    24,925 SF
    Class
    A
    Lot Size
    142,006 SF

    Building Details

    Year Built/Renovated
    2016/2021
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Judd Dunning
    Judd Dunning

    Listing Agency: DWG Capital Group Listing Agent: Judd Dunning

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 24,925 square foot, Class A retail/mixed-use property located at 3615 N Steele Blvd, Fayetteville, AR 72704. The property, built in 2016 and renovated in 2021, features a single tenant, SaveLive, under a 20-year NNN lease with 16.2 years remaining, commencing January 19, 2021, and expiring January 19, 2041. The lease includes two 10-year renewal options and features a 5% rent increase every five years. SaveLive operates a high-volume restaurant, brewery, live concert venue, and headquarters within this dynamic space. The property boasts a 7.00% cap rate and a net operating income (NOI) of $577,600 annually, with an asking price of $8,250,000 ($330.99 per square foot). Situated on a 3.26-acre lot, the property includes 190 parking spaces and is zoned C-1. Its prime location in a thriving college town, near major retailers such as Target and Kohl's, Whole Foods Market, and a new bank, ensures high visibility and foot traffic. Easy access to I-49 and I-79 provides convenient access to the entire Fayetteville/Bentonville/Rogers area. The two-story building is a popular local and regional attraction, hosting major artists and events. This is a superior 1031 exchange opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PB&JJ's Gym & Fitness Center JJ's Live Music Venue

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1567645
    Latitude
    36.11726186

    Nearby Similar for Sale

    • Contact for pricing
      2,300 SF

      Fayetteville Retail Space with Drive-Thru

      Modern retail space with rare 10-stack drive-thru in Fayetteville.
      2069 N Crossover Rd, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      1,200 SF

      Retail Space in College Marketplace

      Retail space for sale in Fayetteville's Business & Shopping District.
      3379 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      1,693 SF

      Fayetteville Office/Retail Leasing Opportunity

      Versatile space near Dickson Street, Downtown Square, and University of Arkansas.
      509 W Spring St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      700 SF

      Fayetteville Office/Retail Leasing Opportunity

      Versatile space near Dickson Street, Downtown Square, and University of Arkansas.
      509 W Spring St, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      5,960 SF

      Fayetteville Office Building on College

      Professional office building near Downtown Fayetteville and University of Arkansas.
      215 N College Ave, Fayetteville, AR 72701
      View Details
    • New
      Contact for pricing
      4,000 SF

      Fayetteville Retail/Medical Office Space

      Prime location near I-49 and major retail areas.
      3340 N College Ave, Fayetteville, AR 72703
      View Details
    • New
      Contact for pricing
      4,274 SF

      Remodeled Commercial Property in Fayetteville

      Remodeled commercial property on high-visibility South School Ave.
      1221 S School Ave, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      2,679 SF

      Downtown Fayetteville Office Building

      Class A office space near Fayetteville Square.
      112 W Center St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      6,903 SF

      Fayetteville Office Building For Sale

      Class A office near Fayetteville Square with panoramic views.
      112 W Center St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      1,188 SF

      Fayetteville Office Building For Sale

      Professional office building in Fayetteville's Central Business District.
      3000 N Market Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      3,531 SF

      Fayetteville Office with Recent Updates

      Updated office space with meeting rooms and convenient highway access.
      540 E Appleby Rd, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      3,786 SF

      Fayetteville Office Space Available

      Office space in Millsap Commercial Corridor with expansion potential.
      516 E Millsap Rd, Fayetteville, AR 72703
      View Details

    FAQs

    What type of property is this?
    Retail space - Class A, NNN-leased, high-return property.
    Where is this retail space located?
    The property is located at 3615 Steele Blvd Fayetteville, AR.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: $8,250,000 asking price.; 7% capitalization rate.; 20-year triple-net (NNN) lease.
    (310) 261-8428 Call to check price and availability
    Request Owner's contact information
    3615 Steele Blvd Fayetteville, AR 72704
    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.
    3615 Steele Blvd
    Fayetteville, AR 72704
    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
    3615 Steele Blvd Fayetteville, AR 72704
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Judd Dunning
    Judd Dunning
    Real Estate License ID: 01520854​
    (310) 261-8428
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!