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    3422 College Ave Fayetteville, AR 72703
    Property profile & analytics

    3422 College Ave Fayetteville, AR 72703

    View on Map
    • Strip malls
    • 25,500 SF
    • 2.13 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Fayetteville Commercial Space For Lease For Lease
    $25 SF/Yr
    3,288 SF

    Fayetteville Commercial Space For Lease

    Adaptable 3,288 SF space in high-visibility Fayetteville location.

    3422 College Avenue, Fayetteville, AR 72703
    View Listing
    Property ID
    US05-0834569
    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.
    Value Estimations
    $560,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • L&P Insurance / Insurance Agency
    • Vertical Community Church / Church
    • Allied Technologies / Computer & Electronic Repair
    • Ashtone, The Hot Spot Salon, Cosmetics, Yoni Steam / Hair Salon
    • Natural Look Braiding Studio / Hair Salon

    Property Details for 3422 College Ave

    Year built
    1986
    Lot size
    2.13 lot acres
    Property size
    25,500 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    765-15720-000
    APU
    76515720000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $467,000
      Market price range: $358k - $699k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Current use
      WAREHOUSE, STORAGE
      $750,000
      Change: +48% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.144
    Latitude
    36.1135
    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
    $26,485
    $108,250
    $470,650
    $578,900
    -
    $541,250
    $2,353,250
    $2,894,500

    Comparable in this City

    • Value Estimation by Request
      17,130 SF

      4155 Steele Blvd

      SHOPPING CENTER, STRIP CENTER • 17,130 SF
      4155 Steele Blvd, Fayetteville, AR 72703-5392
      View Details
    • Value Estimation by Request
      14,922 SF

      577 Millsap Rd

      SHOPPING CENTER, STRIP CENTER • 14,922 SF
      577 Millsap Rd, Fayetteville, AR 72703-5568
      View Details
    • Value Estimation
      $500,000
      20,636 SF

      1450 Zion Rd

      SHOPPING CENTER, STRIP CENTER • 20,636 SF
      1450 Zion Rd, Fayetteville, AR 72703-5041
      View Details
    • Value Estimation
      $3,610,000
      33,882 SF

      32 Joyce Blvd

      SHOPPING CENTER, STRIP CENTER • 33,882 SF
      32 Joyce Blvd, Fayetteville, AR 72703-6211
      View Details
    • Value Estimation by Request
      22,728 SF

      962 Rolling Hls Dr

      SHOPPING CENTER, STRIP CENTER • 22,728 SF
      962 Rolling Hls Dr, Fayetteville, AR 72703-3426
      View Details
    • Value Estimation by Request
      15,161 SF

      1200 Garland Ave

      SHOPPING CENTER, STRIP CENTER • 15,161 SF
      1200 Garland Ave, Fayetteville, AR 72703-1601
      View Details

    Similar Nearby for Sale

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      12,968 SF

      Fayetteville Investment Opportunity

      Cash flowing investment property with upside potential in Fayetteville, AR.
      4083 N Shiloh Dr, Fayetteville, AR 72703
      View Details
    • $2,500,000
      8,484 SF

      Fayetteville Office or Retail Space

      High-traffic location suitable for office or retail use.
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      New Construction Car Wash Investment

      New construction car wash with a 20-year absolute net lease.
      1765 N College Ave, Fayetteville, AR 72703
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    • $2,036,865
      1.90 Acres

      Fayetteville Commercial Land Opportunity

      1.9 acres of commercial land for sale in Fayetteville.
      2160 N Crossover Rd, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      15,000 SF

      Fayetteville Walgreens on High-Traffic Corner

      Walgreens on a visible, signalized corner with strong traffic.
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      Fayetteville Commercial Land Opportunity

      Commercial land available for sale, ground lease, or build-to-suit.
      2160 N Crossover Rd, Fayetteville, AR 72703
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    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Retail Space in College Marketplace

      Retail space for lease in Fayetteville's Business & Shopping District.
      3379 N College Ave, Fayetteville, AR 72703
      View Details
    • $1.00 SF/Yr
      1,200 SF

      Fayetteville Retail Space For Lease

      Retail space available in College Marketplace shopping center.
      3379 N College Ave, Fayetteville, AR 72703
      View Details
    • $1.00 SF/Yr

      Retail Space in College Marketplace

      Retail space for lease in Fayetteville's Business & Shopping District.
      3379 N College Ave, Fayetteville, AR 72703
      View Details
    • Contact for pricing
      3,780 SF

      Retail Space in Fayetteville Corridor

      Retail space in Fayetteville's primary retail corridor.
      3545-3557 N Shiloh Dr, Fayetteville, AR 72703
      View Details
    • $24 SF/Yr
      1,750 SF

      Fayetteville Retail Shopping Center Space

      Remodeled retail space in high-traffic Fayetteville shopping center.
      2335 N College Ave, Fayetteville, AR 72703
      View Details
    View Listing
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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.

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