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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1545 W 15Th St Fayetteville, AR 72701

    • Strip malls
    • 17,360 SF
    • 1.80 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    Apr 17, 2024
    $2,525,000
    Value Estimations
    $2,525,000
    Cap Rate Potential
    8.7%
    Strip malls
    Location Intelligence
    Property ID
    US05-0778032
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Stadium Liquor / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • The Fitness Society / Gym & Fitness Center
    • El Cerro Grande Mexican Grill / Restaurant
    • Club America Air Conditioning & Heating / HVAC Service / General Contractor
    • Foghorn's Wings Burgers & More / Bar & Pub

    Property Details for 1545 W 15Th St

    Year built
    2008
    Lot size
    1.80 lot acres
    Property size
    17,360 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    765-24595-000
    APU
    76524595000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,525,000
      ML approach
      $2,525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,650,000
      6.5%
      $3,370,000
      7%
      $3,125,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,935,000
      OFFICE BUILDING
      $1,930,000
      RESTAURANT
      $1,570,000
      AUTO REPAIR, GARAGE
      $1,555,000
      RETAIL STORES
      $1,520,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1829
    Latitude
    36.0483
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,849
    $72,000
    $588,320
    $660,320
    -
    $360,000
    $2,941,600
    $3,301,600

    Comparable in this City

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      10,626 SF

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    • Value Estimation
      $1,815,000
      17,175 SF

      2179 Martin Luther King Jr Blvd

      SHOPPING CENTER, STRIP CENTER • 17,175 SF
      2179 Martin Luther King Jr Blvd, Fayetteville, AR 72701-6216
      View Details
    • Value Estimation
      $790,000
      44,641 SF

      2630 Martin Luther King Jr Blvd

      SHOPPING CENTER, STRIP CENTER • 44,641 SF
      2630 Martin Luther King Jr Blvd, Fayetteville, AR 72701-7698
      View Details
    • Value Estimation
      $735,000
      26,528 SF

      1135 Martin Luther King Jr Blvd

      SHOPPING CENTER, STRIP CENTER • 26,528 SF
      1135 Martin Luther King Jr Blvd, Fayetteville, AR 72701-6311
      View Details
    • Value Estimation by Request
      23,668 SF

      2131 Martin Luther King Jr Blvd

      SHOPPING CENTER, STRIP CENTER • 23,668 SF
      2131 Martin Luther King Jr Blvd, Fayetteville, AR 72701-6216
      View Details
    • Value Estimation by Request
      4,191 SF

      413 College Ave

      SHOPPING CENTER, STRIP CENTER • 4,191 SF
      413 College Ave, Fayetteville, AR 72701-4234
      View Details

    Similar Nearby for Sale

    • $3,850,000
      4,252 SF

      Turnkey Steakhouse in Entertainment District

      Established steakhouse for sale in Fayetteville's Entertainment District.
      316 W Dickson St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      3,770 SF

      Fayetteville Retail/Office Space Available

      Turn-key retail or office space with excellent exposure and access.
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      8,862 SF

      Fayetteville Retail/Flex/Warehouse Opportunity

      Former Dollar General suitable for retail, flex, or warehouse use.
      1221 S School Ave, Fayetteville, AR 72701
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      4,000 SF

      Fayetteville Retail/Office Space Available

      Turn-key retail/office space with high visibility and easy access.
      1641 W 15Th St, Fayetteville, AR 72701
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    • $645,000
      1,976 SF

      Fayetteville Retail Space - Prime Location

      High-traffic retail space near U of A.
      339 West Ave, Fayetteville, AR 72701
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      10,000 SF

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      Premier retail space in Fayetteville's iconic Dickson Street district.
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    Similar Nearby for Lease

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      17,360 SF

      University Village Restaurant Space Available

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      1545 W 15Th St, Fayetteville, AR 72701
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      2,580 SF

      Fayetteville Retail or Office Space

      Retail or office space in high-traffic Fayetteville location.
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    • $14 SF/Yr
      8,862 SF

      South Fayetteville Flex Space For Lease

      8,862 SF Flex/Warehouse, Prime Location
      1221 School Ave, Fayetteville, AR 72701
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    • $5,000 /Mo
      4,800 SF

      Retail Space in South Fayetteville

      Retail space available near the University of Arkansas.
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    • $29 SF/Yr

      Downtown Fayetteville Office/Retail Space

      Flexible office/retail space in the heart of Fayetteville Square.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • Contact for pricing
      6,626 SF

      Fayetteville Retail Space - 6626 SF

      Prime South Fayetteville location, single-tenant retail space.
      796 School Ave, Fayetteville, AR 72701
      View Details

    Property Visit Statistics

    • Visits by month
      8.0k
    • Visitors by month
      3.5k
    • Avg Time on site
      455 min
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    Fayetteville, AR 72701
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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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