Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fort Smith Townhouse Investment Title is generated by Realmo AI

    3015 Alabama AVE, Fort Smith, AR 72901

    View on Map
    Claim this Listing
    For Sale
    $275,000

    MULTI_FAMILY - Fort Smith, AR

    Property size:
    2,312 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $118/SF
    Added:
    Feb 18, 2026
    Days on Market:
    93
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 3015 Alabama AVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multi Family
    Parking features
    Assigned
    Window features
    Double Pane Windows
    Appliances
    Dishwasher, Dryer, Electric, Garbage Disposal, Microwave, Range, Refrigerator, Self Cleaning, Washer
    Standard status
    Active
    APN
    18018-0010-00007-01
    Size
    2,312 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Description
    LOT 10A BLK 7
    Tax Annual Amount
    1319

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Central Air

    Building Details

    Year built
    2017
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Concrete, Vinyl
    Roof type
    Shingle

    We can help!

    Listing Contact
    Lori White

    Listing agent Lori White License #PB00060095

    Listing office Cornerstone Realty Group 1821 Phoenix Ave. Suite I, Fort Smith, AR

    Listing date Feb 18, 2026

    MLS# 1087144 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.

    HighLights

    • Modern 2‑bedroom townhouse with 1.5 bathrooms.
    • Granite countertops and sleek stained concrete flooring.
    • Includes essential appliances: dishwasher, stove, microwave, refrigerator, washer, and dryer.
    • Central heating and air conditioning.
    • Built in 2017.
    • Assigned parking.

    Overview

    This Fort Smith townhouse features a modern design with two bedrooms and 1.5 bathrooms. The apartment includes amenities such as a dishwasher, stove, and granite counters. Stained concrete flooring adds to the aesthetic. The property provides ample living space. Situated on a lot of 0.19 acres, the property is zoned for multi-family use. The property contains 2,312 square feet. This property is located in Sebastian County, Arkansas.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $170.4K
    NOI $15,332 @ 9.00% cap · cautious / downside scenario
    Moderate
    $219.0K
    NOI $15,332 @ 7.00% cap · market / base-case scenario
    Aggressive
    $306.6K
    NOI $15,332 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $23.6k $10.20
    − Vacancy −$1.7k −$0.73
    EGI $21.9k $9.47
    − OpEx −$6.6k −$2.84
    NOI $15.3k $6.63
    2,312 SF · lease $10.20/SF/yr · vacancy 7.12% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $219.0K
    $191.7K – $255.5K (±1% cap)
    NOI $15,332 @ 7.0% cap · market cap 5.58%
    Second Best
    Apartment 5plus
    $195.6K
    $171.1K – $228.2K (±1% cap)
    NOI $13,691 @ 7.0% cap · market cap 4.98%
    Theoretical Best
    Healthcare Medical
    $491.9K
    $430.4K – $573.9K (±1% cap)
    NOI $34,433 @ 7.0% cap · market cap 12.52%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.399246
    Latitude
    35.384373

    Nearby Similar for Sale

    • $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
    • $595,000
      2,827 SF

      High-Visibility Commercial Property in Fort Smith

      Well-maintained commercial property with office and shop space on busy corridor.
      6320 S Highway 271, Fort Smith, AR 72908
      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
    • $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
    • $340,000
      3,178 SF

      Fort Smith Commercial Office Building

      Commercial building on Grand Ave with flexible office/retail potential.
      3314 Grand AVE, Fort Smith, AR 72904
      View Details
    • $259,900
      4,924 SF

      Fort Smith Commercial Building

      Commercial building suitable for office, service, and retail businesses.
      2800 N 50th ST, Fort Smith, AR 72904
      View Details
    • $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
    • $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
    • $1.00
      5,091 SF

      Fort Smith Commercial Building Auction

      Income-producing commercial building and development-ready properties for sale at auction.
      2011 N 6th ST, Fort Smith, AR 72904
      View Details
    • $575,000
      6,360 SF

      Fort Smith Multifamily Investment Opportunity

      Eight-unit apartment complex in a prime Fort Smith location.
      2301 S V ST, Fort Smith, AR 72901
      View Details
    • $152,000
      1,500 SF

      Fort Smith Commercial Property

      Office and warehouse space with covered docks and convenient location.
      2900 N O ST, Fort Smith, AR 72901
      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 lot: 2, Fort Smith, AR 72908
      View Details

    FAQs

    What type of property is this?
    Duplex - Modern 2-bedroom townhouse with granite counters in Fort Smith.
    Where is this duplex located?
    The property is located at 3015 Alabama AVE Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Modern 2‑bedroom townhouse with 1.5 bathrooms.; **Granite countertops and sleek stained concrete flooring.**; Includes essential appliances: dishwasher, stove, microwave, refrigerator, washer, and dryer.
    (479) 420-5439
    We can help!
    Listing Contact
    Lori White
    Real Estate License ID: PB00060095
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    3015 Alabama AVE, Fort Smith, AR 72901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!