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    1040 Stearns St Fayetteville, AR 72703

    • Retail properties
    • 6,750 SF
    For Lease
    View listing
    $26 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1040 Stearns St

    Property size
    6,750 SF
    Property type
    Retail properties

    Description

    This exceptional 6,750-square-foot retail space at 1040 E Stearns Street in Fayetteville, Arkansas, presents a unique investment opportunity. Currently vacant, this single-tenant building offers complete flexibility for customization. Located in Washington County, the property boasts a highly visible location near the intersection of E Joyce Blvd and N College Avenue, placing it within Fayetteville's thriving business and shopping district. Its proximity to the Northwest Arkansas Mall and other major retailers ensures high foot traffic and excellent brand visibility. The surrounding area is densely populated with residential neighborhoods, including new developments, providing a strong customer base. The building is slated for a complete renovation, featuring a modern exterior facade, enhancing its curb appeal and market value. The property's size allows for a variety of uses, making it ideal for medical offices, retail businesses, or a combination thereof. With its strategic location, upcoming renovations, and ample square footage, this property represents a compelling opportunity for businesses seeking a prominent presence in a rapidly growing area. The property is zoned for retail use and has a total building size of 6,750 square feet, all of which is currently vacant. The address is 1040 E Stearns St, Fayetteville, AR 72703.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1425
    Latitude
    36.1239

    Comparable in this City

    • Value Estimation
      $720,000
      36,574 SF

      1189 Garland Ave

      ROADSIDE MARKET • 36,574 SF
      1189 Garland Ave, Fayetteville, AR 72703-1682
      View Details
    • Value Estimation by Request
      3,778 SF

      66 Joyce Blvd

      Day care centers • 3,778 SF
      66 Joyce Blvd, Fayetteville, AR 72703
      View Details
    • Value Estimation by Request
      3,448 SF

      72 Joyce Blvd

      Restaurants • 3,448 SF
      72 Joyce Blvd, Fayetteville, AR 72703
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    • Value Estimation by Request
      2,500 SF

      3761 Mall Ave

      Restaurants • 2,500 SF
      3761 Mall Ave, Fayetteville, AR 72703
      View Details
    • Value Estimation
      $1,845,000
      51,000 SF

      1554 College Ave

      ROADSIDE MARKET • 51,000 SF
      1554 College Ave, Fayetteville, AR 72703-1916
      View Details
    • Value Estimation
      $8,710,000
      110,916 SF

      4201 Shiloh Dr

      DEPARTMENT STORE • 110,916 SF
      4201 Shiloh Dr, Fayetteville, AR 72703-5180
      View Details

    Similar Nearby for Sale

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      3,674 SF

      College Ave Retail & Cottage

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    • Contact for pricing
      4,200 SF

      Fayetteville Restaurant with Outdoor Patio

      Restaurant space with indoor and outdoor dining in Fayetteville, AR.
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    • $995,000
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      Fayetteville Restaurant Redevelopment Opportunity

      Redevelopment opportunity in Fayetteville, Arkansas, with excellent location.
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      3,500 SF

      Fayetteville Restaurant Opportunity For Sale

      Restaurant opportunity in Fayetteville's Uptown District with existing kitchen build-out.
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    • Contact for pricing
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      Fayetteville Restaurant Opportunity For Sale

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      1320 N College Ave, Fayetteville, AR 72703
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    Similar Nearby for Lease

    • $26 SF/Yr
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      Fayetteville Retail Space - 6750 SF

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      1040 Stearns St, Fayetteville, AR 72703
      View Details
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      Fayetteville Creative Office Space

      19,286 sq ft, Multi-Tenant, High Traffic
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    • $24 SF/Yr

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      Retail space for lease with prominent College Avenue location.
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    • $18 SF/Yr
      37,150 SF

      Versatile Commercial Space in Fayetteville

      High-traffic commercial space suitable for retail, office, or events.
      2217 N College Ave, Fayetteville, AR 72703
      View Details
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    Fayetteville, AR 72703
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    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
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