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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Medical Office Space
3900 Parkview Dr Fayetteville, AR 72703-6398
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US05-0865323
Property summary
AI-generated overview
This exceptional 2.8-acre commercial lot is ideally situated at 3900 N Parkview Dr, Fayetteville, AR 72703, in Washington County. Offered at $945,000, this pad-ready site presents a rare opportunity for development. Its prime location provides convenient access to Interstate 49, the Northwest Arkansas Mall, and numerous major retailers, ensuring high visibility and accessibility for any commercial venture. The property's size and location make it particularly well-suited for medical facilities or office developments. The expansive acreage allows for substantial building potential, catering to a wide range of commercial needs. This is a unique chance to acquire a significant parcel of land in a thriving Arkansas market, poised for substantial growth and return on investment. Detailed site plans and zoning information are available upon request. Serious inquiries only. The property is zoned for commercial use. The coordinates are 36.12191343 latitude and -94.13183693 longitude.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
26,432 SF
Lot
0.98 ac (42,689 SF)
Zoning code
R-0
APN
765-16847-000
UPID
US05-0865323
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Terry J. Sites, MD Physician
-
Advanced Orthopaedic Specialists Medical Clinic
-
Dr. Christopher A. Arnold, MD Physician
-
Arnold & Cox Knee & Shoulder Physician
-
Spine and Sports Therapy Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Riggins Properties INC · 9 yrs held
Riggins Properties INC
since 2016
5 recorded transactions
Zoning & alternative use
R-0 · Fayetteville, AR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,755,000
Current use
OFFICE BUILDING
$1,570,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$46,049
Tax year 2024
Assessed value
$961,200
Assessed 2024
Previous assessed
$961,200
+0.0% YoY
Effective rate
4.79%
On assessed value
Assessed land
$88,940
Assessed improvement
$872,260
Land market value
$444,700
Improvement market value
$4,361,300
Total market value
$4,806,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
2
Total area
26,432 SF
Lot
0.98 ac (42,689 SF)
Zoning code
R-0
APN
765-16847-000
UPID
US05-0865323
Jurisdiction
WASHINGTON
Zoning & alternative use
R-0 · Fayetteville, ARZoning R-0 · permitted uses
R-0 · Fayetteville, AR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
MEDICAL BUILDING Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Heating
YES
Cooling
Yes
Stories
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Riggins Properties INC
Entity
Mailing address
3900 N PARKVIEW DR, FAYETTEVILLE, AR 72703-6398
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 16, 2021
—
Vantage Partners LLC
—
Deed
related
$7,380,000 · Signature Bank Of Arkansas
Jan 12, 2021
—
Vantage Parnters LLC
—
Deed
related
$3,078,487 · Signature Bank Of Arkansas
Oct 12, 2020
—
Vantage Partners LLC
—
Deed
related
$800,000 · Arvest Bank
Oct 5, 2018
—
Vantage Partners LLC
—
Deed
related
$700,000 · Arvest Bank
Dec 30, 2016
—
Riggins Properties INC
Baad LLC
Warranty Deed
$221,147 · Arvest Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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