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    3525 Grand Ave Fort Smith, AR 72904

    View on Map
    Sponsored
    For Sale
    $750,000

    COMMERCIAL - Fort Smith, AR

    Property size:
    4,815 SF
    Lot size:
    0.42 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 19 at 11:06 am

    Property Features for 3525 Grand Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    13553-0022-00030-00
    Parking features
    Other
    Size
    4,815 SF
    Lot size
    0.42 Acres

    Utilities

    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1989
    Number of units
    1
    Flooring type
    Vinyl
    Roof type
    Metal

    We can help!

    Listing Contact
    Team Shoppach

    O'Neal Real Estate LLC (918) 774-5743

    Listing agent Team Shoppach

    Listing date Mar 17, 2026

    MLS# 1087768

    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

    Property Insight Report

    Overview

    Established Fort Smith Commercial Property

    This commercial property in Fort Smith, Arkansas, has operated as a family-owned service station and convenience store for over four decades. Situated on one of the city's east-west corridors, the property benefits from consistent traffic flow between Downtown and the University, with convenient interstate access. The 1,850-square-foot retail space offers merchandising and income potential. Behind the retail area, approximately 3,000 square feet of shop space includes three overhead bay doors, suitable for automotive service, repairs, or other business uses. A security-fenced storage lot provides additional function and value. The fueling station features six pumps and three fiberglass-lined tanks, including two 10,000-gallon tanks and one 8,000-gallon tank split for premium and ethanol-free fuel. Updated in 1999 and regularly inspected, the fueling system is ready for continued operation. The 0.4165-acre property is located across from Tilles Park, one of Fort Smith's largest public parks, which has undergone recent updates. The property offers an opportunity to own a well-established Fort Smith business. The total property size is 4,815 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Le Automotive Services ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.392879
    Latitude
    35.386112

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    FAQs

    What type of property is this?
    Gas station - Long-standing service station and convenience store with strong community presence.
    Where is this gas station located?
    The property is located at 3525 Grand Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - High-traffic location on a major east-west corridor with easy interstate access.; - Established business with a 40+ year history and strong community reputation.; - Large shop space (nearly 3,000 sq ft) with three overhead bay doors, suitable for automotive services or other business uses.
    (918) 774-5743
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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
    3525 Grand Ave Fort Smith, AR 72904
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    Listing Contact
    Team Shoppach
    (918) 774-5743 (479) 242-4609
    Learn more
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