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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 College Ave Fayetteville, AR 72701-3403

    • Retail space
    • 20,788 SF
    OFF-MARKET
    Value Estimations
    $3,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0805067
    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.

    Current Use by Public Records

    • The Wordsmith Salon + Spa / Beauty Salon / Hair Salon
    • Roots Real Estate Group / Real Estate Agency
    • Parallel Innovation Center - 3D Design House / Design Agency
    • WCR / Construction Company
    • Michael K Ward, Roots Real Estate Group / Real Estate Agent

    Property Details for 620 College Ave

    Year built
    1950
    Property size
    20,788 SF
    Property type
    Retail space
    APN
    765-28072-000
    APU
    76528072000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,310,000
      Current use
      OFFICE BUILDING
      $4,170,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1572
    Latitude
    36.0723
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,305,000
      15,639 SF

      337 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 15,639 SF
      337 College Ave, Fayetteville, AR 72701-4204
      View Details
    • Value Estimation by Request
      782 SF

      1045 Maple St

      RETAIL STORES (PERSONAL SERVICES) • 782 SF
      1045 Maple St, Fayetteville, AR 72701-3136
      View Details
    • Value Estimation by Request
      1,092 SF

      524 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,092 SF
      524 College Ave, Fayetteville, AR 72701-3401
      View Details
    • Value Estimation
      $835,000
      6,355 SF

      427 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,355 SF
      427 College Ave, Fayetteville, AR 72701-4234
      View Details
    • Value Estimation by Request
      1,547 SF

      418 Dickson St

      RETAIL STORES (PERSONAL SERVICES) • 1,547 SF
      418 Dickson St, Fayetteville, AR 72701-5107
      View Details
    • Value Estimation
      $1,095,000
      7,188 SF

      624 Dickson St

      RETAIL STORES (PERSONAL SERVICES) • 7,188 SF
      624 Dickson St, Fayetteville, AR 72701-5016
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Fayetteville Retail/Office Space Available

      Turn-key retail/office space with high visibility and easy access.
      1641 W 15Th St, Fayetteville, AR 72701
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      1,286 SF

      Retail Space on Dickson Street

      Retail property for sale in high-traffic Fayetteville location.
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    • New
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      1,000 SF

      Downtown Fayetteville Office/Retail Space

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      21 W Mountain St, Fayetteville, AR 72701
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      3,770 SF

      Fayetteville Retail/Office Space Available

      Turn-key retail or office space with excellent exposure and access.
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    • Contact for pricing
      7,770 SF

      Fayetteville Office/Retail Space Available

      Turn-key office/retail space with high visibility and easy access.
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      10,000 SF

      Retail Space in High-Traffic District

      Premier retail space in Fayetteville's iconic Dickson Street district.
      325 N West Ave, Fayetteville, AR 72701
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      4,800 SF

      Retail Space in South Fayetteville

      Retail space available near the University of Arkansas.
      1153 S School Ave, Fayetteville, AR 72701
      View Details
    • $24 SF/Yr
      5,000 SF

      Retail Space Near Walmart

      Retail space with frontage on MLK Jr. Blvd near Walmart.
      2737 Martin Luther King Junior Blvd, Fayetteville, AR 72701
      View Details
    • $12 SF/Yr
      2,580 SF

      Fayetteville Retail or Office Space

      Retail or office space in high-traffic Fayetteville location.
      2612-2630 W Martin Luther King Blvd, Fayetteville, AR 72701
      View Details
    • $12 SF/Yr
      13,650 SF

      Prime Retail Location For Lease

      High-visibility retail space with drive-thru and ample parking.
      2940 W Martin Luther King Blvd, Fayetteville, AR 72701
      View Details
    • $29 SF/Yr

      Downtown Fayetteville Office/Retail Space

      Flexible office/retail space in the heart of Fayetteville Square.
      21 W Mountain St, Fayetteville, AR 72701
      View Details
    • $20 SF/Yr
      30,000 SF

      Downtown Fayetteville Square Trophy Property

      Renovated office/retail space near shopping, dining, and government offices.
      26 W Center St, Fayetteville, AR 72701
      View Details
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    620 College Ave
    Fayetteville, AR 72701-3403
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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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