Flex Space with Overhead
For Sale
$595,000
6320 S Highway 271, Fort Smith, AR 72908
Commercial, Fort Smith, AR
Property Size2,827 SF
Lot Size0.26 Acres
Price / SF$210.47
Days on Market181
Property Features for 6320 S Highway 271
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
8
Directions
Interstate I540 to the Hwy 271S exit. Go right property on the left. On the corner of Hwy 271S and Mason.
Standard status
Active
APN
12423-0104-00000-00
Size
2,827 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
103-104
Tax Annual Amount
1490
Legal Description
103-104
Utilities
Heating system
Central, Natural Gas
Cooling system
Electric, Central Air
Amenities
professional front office space
multiple private offices
kitchen
two bathrooms
full bath with stand-up shower
shop area with two large overhead doors
firewall between office and shop
Building Details
Year built
2005
Flooring type
Concrete, Tile - Ceramic
Roof type
Metal
Listing Agency:
Bradford & Udouj Realtors
(479) 646-5539
Listed By:
Tina Wilkinson · License #SA00054042
(479) 459-1429
Added: Apr 8
Changed: Sep 12
Last Checked: Oct 5 at 4:06AM
MLS# 1088258
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.
This 2,827-square-foot flex property combines a front office layout with a dedicated shop area. The office component includes several private offices, a kitchen, and two bathrooms, including one with a stand-up shower. The 50-by-50-foot shop is served by two large overhead doors, while a firewall separates the office and work areas. Concrete and ceramic tile flooring, central heating and cooling, natural gas service, and a metal roof are among the existing building features.
Built in 2005, the property occupies four lots totaling 0.2552 acres at 6320 S Highway 271 in Fort Smith. Its Commercial zoning and location along the highway provide a clear commercial setting for an owner-user or business requiring both office and shop space.
Built in 2005, the property occupies four lots totaling 0.2552 acres at 6320 S Highway 271 in Fort Smith. Its Commercial zoning and location along the highway provide a clear commercial setting for an owner-user or business requiring both office and shop space.
Key Highlights
- 2,827 SF flex property on 0.2552 acres
- 50‑by‑50‑foot shop area with two large overhead doors
- Office layout includes multiple private offices, kitchen, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,242
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$564,840
$564.8K
Cap Rate 7%
$403,457
$403.5K
Cap Rate 9%
$313,800
$313.8K
Market Conditions
NOI Build-Up for 2,827 SF
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.
Gross rent
$40.7K $14.40/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$37.7K $13.32/SF
− OpEx
−$9.4K −$3.33/SF
NOI
$28.2K $9.99/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$564,840
Cap Rate 7%
$403,457
Cap Rate 9%
$313,800
Alternative Uses
Best Use
Office B
$403.5K
$353.0K – $470.7K
NOI $28,242 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$218.3K
$191.0K – $254.7K
NOI $15,281 @ 7.0% cap · market cap 2.57%
Theoretical Best
Healthcare Medical
$601.5K
$526.3K – $701.7K
NOI $42,103 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
341
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72908, AR
14,310
Population
6,374
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
7.7 sq mi
ZIP Area
1,858
Density / Sq Mi
$68,697
Median Household Income
$43,234
Median Earnings
$886
Median Rent
$181,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial property combining a professional office component with a functional shop and tractor-trailer access.
Where is this flex space located?
The property is located at 6320 S Highway 271 Fort Smith, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,827 SF flex property on 0.2552 acres; 50‑by‑50‑foot shop area with two large overhead doors; Office layout includes multiple private offices, kitchen, and two bathrooms
