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

    15640 71 Hwy South Fort Smith, AR 72916

    View on Map
    Sponsored
    For Sale
    $325,000

    Commercial - Fort Smith, AR

    Lot size:
    4.00 Acres
    Days on Market:
    126
    Last Refresh:
    Mar 23 at 5:06 pm

    Property Features for 15640 71 Hwy South

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6000100000341303
    Lot size
    4.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Roger Cook

    Roger Cook Real Estate

    Listing agent Roger Cook

    Listing date Nov 17, 2025

    MLS# 1066439 Listing URL

    Copyright © 2026 Western River Valley 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

    Overview

    Fort Smith Commercial Property For Sale

    Located at the corner of Bear Hollow and 71 South, this commercial property in Fort Smith, AR, offers major highway frontage with a high traffic count. The property is situated 3 minutes from Greenwood/Walmart and 5 minutes from Fort Smith/Subway/Automatic Car Wash. It features two entrances, one from Bear Hollow Road and the other from 71 Highway, and is located outside city limits. The property includes a 24x63 ft shop/garage with 16 ft sidewalls and two 12x14 ft tall garage doors. It also has a 2-inch water meter. The shop and approximately 1 acre are currently leased until June 2026. The lot size is 4 acres.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Similar Places Nearby

    Kille auto carlot, Reliable Mopar Parts, Jiffy Lube, Tony's Tire Service, Carco Carriage Corporation

    Map

    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3714
    Latitude
    35.2504

    Nearby Similar for Sale

    • New
      $750,000
      4,815 SF

      Established Fort Smith Commercial Property

      Long-standing service station and convenience store with strong community presence.
      3525 Grand Ave, Fort Smith, AR 72904
      View Details
    • New
      $700,000
      3,953 SF

      Remodeled Commercial Building with Nightlife

      Remodeled commercial building with bars, stage, dance floor, and patio.
      1004 Garrison Ave, Fort Smith, AR 72901
      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
    • $605,000
      7,031 SF

      Downtown Fort Smith Investment Opportunity

      Multi-tenant commercial building in historic downtown Fort Smith.
      219 Garrison Ave, Fort Smith, AR 72901
      View Details
    • $605,000
      7,031 SF

      Downtown Fort Smith Investment Opportunity

      Multi-tenant commercial property in historic downtown Fort Smith.
      219 Garrison 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
    • $600,000
      8,924 SF

      Historic Fort Smith Landmark Retail

      Rare opportunity to own a piece of Fort Smith history.
      510 Garrison Ave, Fort Smith, AR 72901
      View Details
    • New
      $299,500
      2,800 SF

      Fort Smith Office Building For Sale

      2800 sq ft office building on Greenwood Ave.
      321 N Greenwood Ave, Fort Smith, AR 72901
      View Details
    • New
      $1,149,000
      10,800 SF

      Iconic Commercial Property in Entertainment District

      10,800 SF mixed-use property in Fort Smith's Entertainment District.
      21 N 2Nd 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
    • $945,000
      13,964 SF

      Versatile Office/Warehouse Property For Sale

      Functional office and warehouse space suitable for various business operations.
      3904 Ayers Rd, 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

    FAQs

    What type of property is this?
    Auto shop - Commercial property with highway frontage and leased shop until 2026.
    Where is this auto shop located?
    The property is located at 15640 71 Hwy South Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - Major Hwy frontage with exceptional traffic count; - 24X63 ft. shop/garage with 16 ft. sidewalls and **two 12X14 ft. tall garage doors**; - Out of City limits
    (479) 452-0006
    Request Owner's contact information
    15640 71 Hwy South 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.
    15640 71 Hwy South
    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
    15640 71 Hwy South 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
    Roger Cook
    Real Estate License ID: PB00040660
    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!