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    1320 S Albert Pike Ave Fort Smith, AR 72903

    Sponsored
    For Sale
    $995,000

    Hotel/Motel - Fort Smith, AR

    Property size:
    7,100 SF
    Lot size:
    0.88 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 6:06 am

    Property Features for 1320 S Albert Pike Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    13633-0004-00001-00
    Basement Y/N
    1
    Size
    7,100 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Flooring type
    Carpet, Tile, Vinyl, Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Boggs
    Ryan Boggs

    Coho Realty, LLC (479) 372-7154

    Listing agent Ryan Boggs (916) 524-9579

    Listing date Feb 19, 2026

    MLS# 1336624 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

    Fort Smith Hotel/Motel Opportunity

    Located in Fort Smith, this 7,100 square foot hospitality property presents a commercial opportunity with income potential. Constructed in 1950, the property retains classic charm and previously operated as a successful bed and breakfast for nearly 40 years until 2021. The property features private suites, with six currently available, one suite coming soon, one for a caretaker, and one needing minor updates. The interior includes a grand staircase, a large living room with a fireplace, and a spacious dining area. An upstairs game room features a bar, full-size refrigerator, sink, and microwave. The updated kitchen is equipped with custom cabinets, quartz countertops, an island, and Z-Line appliances, including a 48-inch gas range. Three coffee bars are located throughout the property. Situated on a 0.88-acre lot, the backyard has hosted weddings and includes a koi pond. The property offers ample parking. The home comes fully furnished and maintains approximately 50% occupancy with minimal marketing. The property is located near restaurants, shopping, hospitals, the University of Arkansas at Fort Smith (UAFS) which is 4 minutes away, and the airport, which is 9 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beland Manor Bed ... Bed & Breakfast Act Now Property ... Home Inspector

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    Beland Manor Bed & Breakfast

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.385393
    Latitude
    35.388505

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    FAQs

    What type of property is this?
    Bed & breakfast - 7,100 SF Fort Smith hospitality property with income potential.
    Where is this bed & breakfast located?
    The property is located at 1320 S Albert Pike Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Strong Income Potential: Formerly a successful BNB, currently operating with 50% occupancy with minimal marketing.; - Turnkey Business Opportunity: Fully furnished with 6 private suites available, plus caretaker suite.; - Prime Location: In the heart of Fort Smith, near restaurants, shopping, hospitals, UAFS (4 minutes), and the airport (9 minutes).
    (916) 524-9579
    Request Owner's contact information
    1320 S Albert Pike Ave Fort Smith, AR 72903
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    Fort Smith, AR 72903
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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
    1320 S Albert Pike Ave Fort Smith, AR 72903
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    We can help!
    Listing Contact
    Ryan Boggs
    Ryan Boggs
    (916) 524-9579 (479) 372-7154
    Learn more
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