Warehouse with Multiple Bay
For Sale
$400,000
1107 S P Street, Fort Smith, AR 72901
CommercialSale, Fort Smith, AR
Property Size6,300 SF
Lot Size0.32 Acres
Price / SF$63.49
Days on Market108
Property Features for 1107 S P Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot, Interior Lot, Industrial Park
Directions
From 540 take Kelly Hwy West 1.9 miles Left onto 10th st/ Midland Blvd. 1.8 miles turn left onto Garrison Ave 250 ft turn right onto Towson AVe 1.2 miles turn right onto S P St. 300ft on the corner.
Standard status
Active
APN
17604-0006-00002-00
Size
6,300 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOTS 5 & 6 BLK 2
Tax Annual Amount
1871
Legal Description
LOTS 5 & 6 BLK 2
Amenities
large open work areas
high ceilings
multiple bay access points
Building Details
Year built
1988
Floors in Building
2
Flooring type
Concrete
Listing Agency:
Keller Williams Market Pro Realty Branch Office · Keller Williams Realty
(479) 657-6797
Listed By:
Harris Group
(479) 295-0290
Added: May 18
Changed: Aug 19
Last Checked: Sep 2 at 5:06AM
MLS# 1348041
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,300-square-foot warehouse was built in 1988 and previously operated as a tire shop and body shop. The building provides broad open work areas, high ceilings, concrete flooring, and multiple bay access points suited to equipment, inventory, vehicles, or storage. Its layout supports a range of warehouse and commercial operations without relying on a highly compartmentalized floor plan.
The property occupies a 0.3161-acre city lot at 1107 S P Street in Fort Smith. Its established commercial setting provides access for customers, deliveries, and service vehicles, while the site offers visibility and convenient accessibility within the surrounding area.
The property occupies a 0.3161-acre city lot at 1107 S P Street in Fort Smith. Its established commercial setting provides access for customers, deliveries, and service vehicles, while the site offers visibility and convenient accessibility within the surrounding area.
Key Highlights
- 6,300 square foot warehouse building constructed in 1988
- Previously operated as a tire shop and body shop
- Large open work areas with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,054
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,080
$681.1K
Cap Rate 7%
$486,486
$486.5K
Cap Rate 9%
$378,378
$378.4K
Market Conditions
NOI Build-Up for 6,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.7K $9.00/SF
− Vacancy
−$4.3K −$0.68/SF
EGI
$52.4K $8.32/SF
− OpEx
−$18.3K −$2.91/SF
NOI
$34.1K $5.41/SF
Area
Sebastian County, AR
Vacancy
7.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,080
Cap Rate 7%
$486,486
Cap Rate 9%
$378,378
Alternative Uses
Best Use
Retail
$706.1K
$617.8K – $823.8K
NOI $49,427 @ 7.0% cap · market cap 12.36%
Second Best
Flex RnD
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 8.51%
Theoretical Best
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,827 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
761
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- C & C Mini Storage — Arkoma, OK 74901
- Self-Storage at U-Haul — 2205 Towson Ave, Fort Smith, AR 72901
- Movemart Relocation, Inc. - Ft. Smith — 701 Navy Rd, Fort Smith, AR 72901
- Towson Avenue Storage — 1233 Towson Ave, Fort Smith, AR 72901
- Sigler Music private warehouse — 920 S D St, Fort Smith, AR 72901
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete-floored facility offers open work areas and high ceilings for commercial operations.
Where is this warehouse located?
The property is located at 1107 S P Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 6,300 square foot warehouse building constructed in 1988; Previously operated as a tire shop and body shop; Large open work areas with high ceilings
