Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11318 Highway 71 Fort Smith, AR 72916

    Sponsored
    For Sale
    $2,500,000

    Other - Fort Smith, AR

    Property size:
    2,880 SF
    Lot size:
    4.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 1:06 am

    Property Features for 11318 Highway 71

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    60001-0000-05815-00
    Size
    2,880 SF
    Lot size
    4.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1979
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Timothy Dunn

    Legend Realty, Inc. (479) 267-5911

    Listing agent Timothy Dunn (479) 267-5911

    Listing date Feb 26, 2026

    MLS# 1337253 Listing URL

    Copyright © 2026 Northwest Arkansas Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway 71 Multi-Building Property

    This commercial property features major road frontage and is available for sale for the first time in over 50 years. Situated on Highway 71 South between Fort Smith and Greenwood, the property encompasses 4 acres and includes multiple buildings. The total property size is 2,880 square feet. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier Trailers of Fort ... Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.374668
    Latitude
    35.275911

    Nearby Similar for Sale

    • New
      $164,900
      2,280 SF

      Fort Smith Car Wash Opportunity

      Self-service car wash with redevelopment potential in Fort Smith.
      1400 N 11Th St, Fort Smith, AR 72901
      View Details
    • $599,000
      5,112 SF

      Remodeled Historical Office Building

      Remodeled office building featuring original woodwork and a third-story apartment.
      120 N 16Th St, Fort Smith, AR 72901
      View Details
    • $189,000
      1,896 SF

      Versatile Commercial Building in Fort Smith

      1,896 sq ft office and warehouse space for sale.
      6500 Pierce Dr, Fort Smith, AR 72908
      View Details
    • $995,000
      7,100 SF

      Fort Smith Hotel/Motel Opportunity

      7,100 SF Fort Smith hospitality property with income potential.
      1320 S Albert Pike Ave, Fort Smith, AR 72903
      View Details
    • $599,000
      2,818 SF

      Corner Commercial Property in Fort Smith

      High-traffic commercial property with leasing income and development potential.
      2700 Grand Ave, Fort Smith, AR 72901
      View Details
    • New
      Contact for pricing
      Pending

      Commercial Office Building on Large Lot

      6,350 SF office building on 1.1-acre corner lot.
      4020 Newlon Rd, Fort Smith, AR 72904
      View Details
    • New
      $199,000
      3,500 SF

      Fort Smith Warehouse For Sale

      3,500 SF commercial building on 0.31 acres in Fort Smith.
      1220 S 6Th St, Fort Smith, AR 72901
      View Details
    • $274,900
      4,506 SF

      Mixed-Use Building with Drive-Thru

      4506 SF commercial building with retail, office, and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details
    • $274,900
      4,500 SF

      Fort Smith Commercial Building For Sale

      4500 sq ft commercial building with drive-thru and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details
    • $299,000
      Pending

      Historic Fort Smith Commercial Building

      Versatile 8,890 SF building in historic downtown Fort Smith.
      505 Rogers Ave, Fort Smith, AR 72901
      View Details
    • $499,000
      10,112 SF

      Versatile Commercial Property with Income

      Two buildings plus cell tower on 1.09 acres.
      4301 S 16Th St, Fort Smith, AR 72901
      View Details
    • $285,000
      3,100 SF

      Remodeled Office Space in Fort Smith

      Remodeled 3100 sq ft office in historic district.
      7405 Terry St, Fort Smith, AR 72916
      View Details

    FAQs

    What type of property is this?
    Specialty property - Four-acre property with multiple buildings on Highway 71 South.
    Where is this specialty property located?
    The property is located at 11318 Highway 71 Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Major road frontage on Hwy 71 South; - 4 acres of land; - Multi-building property
    (479) 267-5911
    Request Owner's contact information
    11318 Highway 71 Fort Smith, AR 72916
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11318 Highway 71
    Fort Smith, AR 72916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11318 Highway 71 Fort Smith, AR 72916
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Timothy Dunn
    (479) 267-5911
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!