3615 N Steele Blvd Fayetteville, AR 72704
Property profile & analytics
3615 N Steele Blvd Fayetteville, AR 72704
- Theaters & concert halls
- 26,047 SF
- 2.24 lot acres
Property ID
US05-0771265
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.
Location Intelligence
Current Use by Public Records
- PB&JJ's / Gym & Fitness Center / Sports Field & Court
- JJ's Live / Music Venue / Bar & Pub
Property Details for 3615 N Steele Blvd
- Year built
- 2016
- Lot size
- 2.24 lot acres
- Property size
- 26,047 SF
- Zone code
- C-1
- Property type
- Theaters & concert halls
- APN
- 765-22235-000
- APU
- 76522235000
Description
This exceptional investment opportunity presents a 24,925 square foot, Class A retail/mixed-use property located at 3615 N Steele Blvd, Fayetteville, AR 72704. The property, built in 2016 and renovated in 2021, features a single tenant, SaveLive, under a 20-year NNN lease with 16.2 years remaining, commencing January 19, 2021, and expiring January 19, 2041. The lease includes two 10-year renewal options and features a 5% rent increase every five years. SaveLive operates a high-volume restaurant, brewery, live concert venue, and headquarters within this dynamic space. The property boasts a 7.00% cap rate and a net operating income (NOI) of $577,600 annually, with an asking price of $8,250,000 ($330.99 per square foot). Situated on a 3.26-acre lot, the property includes 190 parking spaces and is zoned C-1. Its prime location in a thriving college town, near major retailers such as Target and Kohl's, Whole Foods Market, and a new bank, ensures high visibility and foot traffic. Easy access to I-49 and I-79 provides convenient access to the entire Fayetteville/Bentonville/Rogers area. The two-story building is a popular local and regional attraction, hosting major artists and events. This is a superior 1031 exchange opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $640,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $770,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Washington
- State
- Arkansas
- Longitude
- -94.1576
- Latitude
- 36.1172
- 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
$76,936
$313,600
$1,584,690
$1,898,290
-
$1,568,000
$7,923,450
$9,491,450
