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

    3251 College Ave Fayetteville, AR 72703-3509

    • Drive through restaurants
    • 4,052 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0821507
    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

    • First Watch / Restaurant

    Property Details for 3251 College Ave

    Year built
    1977
    Lot size
    1.50 lot acres
    Property size
    4,052 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    765-15764-000
    APU
    76515764000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1457
    Latitude
    36.1104
    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
    $15,005
    $95,830
    $215,980
    $311,810
    -
    $479,150
    $1,079,900
    $1,559,050

    Comparable in this City

    • 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 by Request
      2,688 SF

      272 Joyce Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,688 SF
      272 Joyce Blvd, Fayetteville, AR 72703-6296
      View Details
    • Value Estimation
      $590,000
      12,284 SF

      2649 Msn Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 12,284 SF
      2649 Msn Blvd, Fayetteville, AR 72703-3260
      View Details
    • Value Estimation
      $540,000
      13,528 SF

      2914 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 13,528 SF
      2914 College Ave, Fayetteville, AR 72703-3414
      View Details
    • Value Estimation by Request
      1,776 SF

      2120 College Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,776 SF
      2120 College Ave, Fayetteville, AR 72703-2801
      View Details

    Similar Nearby 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
    • $995,000
      5,625 SF

      Fayetteville Restaurant Redevelopment Opportunity

      Redevelopment opportunity in Fayetteville, Arkansas, with excellent location.
      1930 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      4,200 SF

      Fayetteville Restaurant with Outdoor Patio

      Restaurant space with indoor and outdoor dining in Fayetteville, AR.
      1378 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      3,525 SF

      Fayetteville Restaurant Opportunity For Sale

      Restaurant space with high visibility and potential outdoor patio.
      1320 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      3,500 SF

      Fayetteville Restaurant Opportunity For Sale

      Restaurant opportunity in Fayetteville's Uptown District with existing kitchen build-out.
      3931 N Shiloh Dr, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      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
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      19,286 SF

      Fayetteville Creative Office Space

      19,286 sq ft, Multi-Tenant, High Traffic
      2217 College Ave, Fayetteville, AR 72703
      View Details
    • $23 SF/Yr
      2,500 SF

      Creekside Center Retail Space

      Fayetteville, AR retail spaces available.
      3761 Mall Ave, Fayetteville, AR 72703
      View Details
    • $26 SF/Yr
      6,750 SF

      Fayetteville Retail Space - 6750 SF

      Prime Fayetteville retail/office, fully vacant, ready to renovate.
      1040 Stearns St, Fayetteville, AR 72703
      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

    Property Visit Statistics

    • Visits by month
      11.9k
    • Visitors by month
      9.0k
    • Avg Time on site
      57 min
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    3251 College Ave
    Fayetteville, AR 72703-3509
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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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