Office Building Built in
3505 Johnson ST Fort Smith, AR 72904
3505 Johnson ST, Fort Smith, AR, 72904
$599,000
For Sale
$599,000
COMMERCIAL - Fort Smith, AR
Property Size5,088 SF
Lot Size1.00 Acres
Price / SF$117.73
Days on Market486
Property Features for 3505 Johnson ST
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Standard status
- Active
- APN
- 15224-0016-00021-00
- Size
- 5,088 SF
- Lot size
- 1.00 Acres
Taxes and HOA fees
- Tax Description
- LOT 16 BLK 21
Building Details
- Year built
- 2007
- Flooring type
- Vinyl, Carpet
Listing Agency
The Heritage Group Real Estate - Barling
(479) 806-5955
2205 Loretta Parker Lane, Alma, AR
Listed by
Alyssia Beneux · License #SA00089966
(479) 883-8301
Added: Mar 19, 2025 Checked: Jul 17 at 10:06 pm
MLS# 1079573
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.
Investment Insights
Based on property information with market context.
Offered for sale is a 5,088-square-foot office building constructed in 2007 by Gateway Construction. The property is situated on a 1.0036-acre lot, providing a substantial site alongside the building.
Located at 3505 Johnson ST in Fort Smith, Arkansas 72904 (Sebastian County), the building offers a straightforward, office-focused configuration suitable for buyers evaluating commercial real estate with on-site acreage.
Located at 3505 Johnson ST in Fort Smith, Arkansas 72904 (Sebastian County), the building offers a straightforward, office-focused configuration suitable for buyers evaluating commercial real estate with on-site acreage.
Key Highlights
- Large commercial building with 5,088 sq ft
- Built in 2007 by Gateway Construction
- Sits on 1 acre
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.3k | $14.40 |
| − Vacancy | −$5.5k | −$1.08 |
| EGI | $67.8k | $13.32 |
| − OpEx | −$16.9k | −$3.33 |
| NOI | $50.8k | $9.99 |
5,088 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$726.1K
$635.4K – $847.2K
NOI $50,829 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.08M
$947.2K – $1.26M
NOI $75,777 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Church of Christ
Church
Iglesia De Cristo
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - For sale office building on one acre, built in 2007, totaling 5,088 square feet.
Where is this office building located?
The property is located at 3505 Johnson ST Fort Smith, AR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Large commercial building with 5,088 sq ft; Built in 2007 by Gateway Construction; Sits on 1 acre
