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Property profile & analytics
FOR LEASE
Retail space
620 N College Ave, Fayetteville, AR 72701
Entity Owned
18-yr Hold
Property ID
US05-0805067
For Lease
1 / 46
$17 SF/Yr
620 N College Ave, Fayetteville, AR 72701
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Property summary
AI-generated overview
This exceptional 3,695 square foot executive office space is ideally situated at 620 N College Ave in Fayetteville, Arkansas, within Washington County. The entire building is currently vacant and available for lease as a single-tenant occupancy. This presents a unique opportunity for a business seeking a substantial, self-contained office environment. The property's address is easily accessible and benefits from a prominent location within Fayetteville. The building's total square footage mirrors the vacant square footage, indicating a completely available space ready for immediate occupancy. This turnkey solution eliminates the need for extensive renovations or build-outs, allowing for a swift and efficient transition for the new tenant. The property is classified as an executive office, suggesting a high-quality finish and potentially desirable amenities. Further details regarding specific features and finishes are available upon request. This single-tenant occupancy provides privacy and control over the entire space, ideal for businesses requiring a dedicated and secure workspace. The property's location in Fayetteville, AR, zip code 72701, offers access to a thriving business community and a convenient location for employees and clients. Interested parties are encouraged to inquire for further information and scheduling a viewing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
20,788 SF
APN
765-28072-000
UPID
US05-0805067
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
-
The Wordsmith Salon + Spa Hair Salon Nail Salon
-
Roots Real Estate Group Real Estate Agency
-
Parallel Innovation Center - 3D Design House Marketing & Advertising (Bike/Boat/Book/etc) Store
-
WCR Construction Company
-
Michael K Ward, Roots Real Estate Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Doxa Properties LLC · 18 yrs held
Doxa Properties LLC
since 2008
6 recorded transactions
Zoning & alternative use
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
RETAIL STORES
$4,310,000
Current use
OFFICE BUILDING
$4,170,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±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
$147 / 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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1950
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
20,788 SF
APN
765-28072-000
UPID
US05-0805067
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.2M
RETAIL STORES 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
1950
Heating
CENTRAL
Cooling
Yes
Stories
2
Current owner
From public records · entity-resolved
Doxa Properties LLC
Entity
Mailing address
PO BOX 413, PORTLAND, ME 04112-0413
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2021
—
Blue Box LLC
—
Deed
related
$70,000 · Iberiabank
Jun 30, 2020
—
Doxa Properties LLC
—
Deed
related
$503,000 · The Bank Of Fayetteville NA
Mar 5, 2020
—
Blue Box LLC
—
Deed
related
$950,000 · Iberiabank
Mar 8, 2017
—
Boston Mountain Holdings LLC
—
Deed
related
$58,500 · Signature Bank Of Arkansas
Jan 25, 2008
$583,000
Doxa Properties LLC
Blue Box LLC
Warranty Deed
$697,600 · The Bank Of Fayetteville
Nov 21, 2005
—
Blue Box LLC
Bozeman Creek Warehouses LLC
Warranty Deed
$1,900,000 · The Bank Of Fayetteville NA
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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