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    Property profile & analytics

    1930 N College Ave Fayetteville, AR 72703

    • Bars
    • 5,625 SF
    • 0.76 lot acres
    For Sale
    View listing
    $995,000
    Last Sale
    Mar 02, 2022
    $870,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0838233
    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

    • Bars

    Property Details for 1930 N College Ave

    Year built
    1959
    Lot size
    0.76 lot acres
    Property size
    5,625 SF
    Zone code
    C-2
    Property type
    Bars
    Property subtype
    Pubs
    APN
    765-13469-000
    APU
    76513469000

    Description

    This exceptional redevelopment opportunity presents a unique chance to capitalize on the burgeoning growth in Fayetteville, Arkansas. Situated on a highly desirable 0.97-acre lot at 1930 N College Avenue, this property boasts a substantial 5,625 square foot building, ripe for revitalization. The location is unparalleled, benefiting from its proximity to numerous ongoing and planned development projects, ensuring strong future appreciation potential. The existing structure offers a solid foundation for a variety of uses, allowing for creative vision and flexible development plans. This is an ideal investment for developers seeking to contribute to the vibrant transformation of North College Avenue. The property's size and location provide ample opportunity for a diverse range of commercial ventures, from retail and office spaces to mixed-use developments. Given the current market dynamics and the area's ongoing revitalization, this property represents a compelling investment prospect with significant upside potential. The 0.97-acre lot provides ample space for expansion or additional development, further enhancing its value and flexibility. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Contact us to schedule a showing and discuss the potential of this prime Fayetteville location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $862,000
      Market price range: $862k - $2.33M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1541
    Latitude
    36.0879
    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
    $6,717
    $61,910
    $55,930
    $117,840
    -
    $309,550
    $279,650
    $589,200

    Comparable in this City

    • Value Estimation by Request
      3,296 SF

      2366 College Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 3,296 SF
      2366 College Ave, Fayetteville, AR 72703-2805
      View Details
    • Value Estimation by Request
      2,709 SF

      2125 College Ave

      NIGHTCLUB (COCKTAIL LOUNGE) • 2,709 SF
      2125 College Ave, Fayetteville, AR 72703-2802
      View Details
    • Value Estimation
      $1,150,000
      2,100 SF

      2548 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,100 SF
      2548 College Ave, Fayetteville, AR 72703-3310
      View Details
    • Value Estimation by Request
      2,818 SF

      2136 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,818 SF
      2136 College Ave, Fayetteville, AR 72703-2801
      View Details
    • Value Estimation
      $1,780,000
      5,653 SF

      642 Millsap Rd

      RESTAURANT • 5,653 SF
      642 Millsap Rd, Fayetteville, AR 72703-4095
      View Details
    • Value Estimation by Request
      984 SF

      2761 Msn Blvd

      RESTAURANT • 984 SF
      2761 Msn Blvd, Fayetteville, AR 72703-3262
      View Details

    Similar Nearby for Sale

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      Fayetteville Restaurant Redevelopment Opportunity

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      Fayetteville Restaurant with Outdoor Patio

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      Fayetteville Restaurant Opportunity For Sale

      Restaurant space with high visibility and potential outdoor patio.
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      Fayetteville Restaurant Opportunity For Sale

      Restaurant opportunity in Fayetteville's Uptown District with existing kitchen build-out.
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      5,500 SF

      Fayetteville Retail/Office Space Available

      Highly visible Fayetteville property suitable for retail or office use.
      2861 N College Ave, Fayetteville, AR 72703
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    Similar Nearby for Lease

    • $16 SF/Yr
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      2217 College Ave, Fayetteville, AR 72703
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      Fayetteville, AR retail spaces available.
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      View Details
    • $26 SF/Yr
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      Fayetteville Retail Space - 6750 SF

      Prime Fayetteville retail/office, fully vacant, ready to renovate.
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      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Fayetteville Corridor

      Retail space in Fayetteville's primary retail corridor near Northwest Arkansas Mall.
      3575-3585 N Shiloh Dr, Fayetteville, AR 72703
      View Details
    • $24 SF/Yr

      Retail Space on College Avenue

      Retail space for lease with prominent College Avenue location.
      1925 N College Ave, Fayetteville, AR 72703
      View Details
    • $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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    1930 N College Ave
    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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