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    3956 Steele Blvd Fayetteville, AR 72703-5363
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    Property profile & analytics

    3956 Steele Blvd Fayetteville, AR 72703-5363

    View on Map
    • Theaters & concert halls
    • 60,876 SF
    • 8.64 lot acres
    Off-Market
    Property ID
    US05-0808555
    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
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Malco Razorback Cinema Grill & IMAX / Cinema / Theater & Performing Art Venue
    • Keypoint Church, Malco Theater / Church

    Property Details for 3956 Steele Blvd

    Year built
    2007
    Lot size
    8.64 lot acres
    Property size
    60,876 SF
    Property type
    Theaters & concert halls
    APN
    765-22241-001
    APU
    76522241001

    Description

    This exceptional 1.67-acre commercial land parcel presents a rare investment opportunity in Fayetteville, Arkansas' vibrant Uptown district. Located at 3956 N Steele Blvd, this C2-zoned property boasts a highly desirable location between Academy and Taziki's restaurants, ensuring high visibility and foot traffic. The site is conveniently situated within walking distance of over 1,000 Class-A multi-family units, providing a substantial built-in customer base. All utilities are readily available on-site, simplifying development plans. The property is already improved with paved surfaces, striping, and lighting, minimizing upfront infrastructure costs. A significant advantage is the reciprocal parking agreement, ensuring ample parking for potential businesses. Furthermore, convenient access to the Mud Creek Trail enhances the property's appeal. This is the last available lot in this established retail area, making it a truly unique opportunity. The asking price is $1,340,000, translating to $18 per square foot. This signalized hard corner lot offers unparalleled potential for a variety of commercial ventures. Don't miss this chance to secure a prime piece of Fayetteville real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $940,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.155
    Latitude
    36.1233
    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
    $80,831
    $617,400
    $851,400
    $1,468,800
    -
    $3,087,000
    $4,257,000
    $7,344,000

    Comparable in this City

    • Value Estimation
      $640,000
      26,047 SF

      3615 Steele Blvd

      THEATER (MOVIE) • 26,047 SF
      3615 Steele Blvd, Fayetteville, AR 72703-5347
      View Details
    • Value Estimation by Request
      12,960 SF

      4520 College Ave

      ARCADES (AMUSEMENT) • 12,960 SF
      4520 College Ave, Fayetteville, AR 72703-5212
      View Details
    • Value Estimation
      $720,000
      38,584 SF

      2300 College Ave

      BOWLING ALLEY • 38,584 SF
      2300 College Ave, Fayetteville, AR 72703-2805
      View Details
    • Value Estimation by Request
      0.57 Acres

      Melmar Dr

      COMMERCIAL (GENERAL) • 0.57 Acres
      Melmar Dr, Fayetteville, AR 72703
      View Details
    • Value Estimation by Request
      0.60 Acres

      3990 Remington Dr

      VACANT COMMERCIAL LAND • 0.60 Acres
      3990 Remington Dr, Fayetteville, AR 72703-6342
      View Details
    • Value Estimation by Request
      0.03 Acres

      18 Sunbridge Dr

      VACANT COMMERCIAL LAND • 0.03 Acres
      18 Sunbridge Dr, Fayetteville, AR 72703-2852
      View Details

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    Similar Nearby for Lease

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    • $24 SF/Yr
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      Restaurant space with indoor and outdoor dining in Fayetteville.
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    • $24 SF/Yr
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      Fayetteville Office Space For Rent

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      24 W Sunbridge Dr, Fayetteville, AR 72703
      View Details
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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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