Property profile

3024 N Market Ave Fayetteville, AR 72703

FOR SALE
Office buildings
Property ID
US05-1778971
7,825 SF 0.48 ac lot Built 1976
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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3024 N Market Ave, Fayetteville, AR 72703 For Sale
$1,400,000 7,825 SF
3024 N Market Ave, Fayetteville, AR 72703
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Property summary

AI-generated overview

The Trumbo Building offers exceptional office space in a convenient location on Rolling Hills Dr. This 7,825 square foot building is zoned C-2 and features multiple tenancy options, with two immediately available spaces. Space B, totaling 1,905 square feet, boasts two private offices, a reception area, a spacious kitchen/breakroom, storage, and a restroom. This space is directly adjacent to Space C, also available, which measures 1,905 square feet and requires renovation. A tenant improvement allowance is negotiable, contingent upon the tenant's needs, lease term, and rental rate. The minimum divisible space is 1,022 square feet, providing flexibility for various business sizes. Currently, 2,927 square feet are vacant. Utilities are divided responsibly: tenants are responsible for electricity, gas, and other business utilities, while the landlord covers water, sewer, trash, and common area maintenance. This presents a fantastic opportunity for businesses seeking well-appointed, adaptable office space in a desirable location. Contact us today to schedule a viewing and discuss lease terms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Total area 7,825 SF
Lot 0.48 ac (20,996 SF)
APN 765-03997-000
UPID US05-1778971

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Medical Supply Store
  • Freight Service Logistics Company
  • Home Health Care Service
  • Marketing & Advertising IT Consulting Firm

Location

3024 N Market Ave Fayetteville, AR 72703
Fayetteville metro Census 10115 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$900k
Blend (final) Blend
$290k

Owner & transaction history

since 2014
3 recorded transactions
2014
Price N/A
2014
Price N/A
2009
$450,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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