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Commercial Building with Drive-Through

7423 Highway 271 lot 2 Fort Smith, AR 72908

Claim this Listing
For Sale
$274,900

COMMERCIAL - Fort Smith, AR

Property size:
4,500 SF
Lot size:
0.46 Acres
Price / SF:
$61/SF
Added:
Feb 17, 2026
Days on Market:
144
Last Refresh:
Jul 11 at 11:06 am

Property Features for 7423 Highway 271 lot 2

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
17255-0002-00000-02
Size
4,500 SF
Lot size
0.46 Acres

Taxes and HOA fees

Tax Description
PT LT 2
Tax Annual Amount
1267

Utilities

Sewer type
Public Sewer

Listing agent The Grinnell Group

Listing office Keller Williams Platinum Realty 3300 S 70th St., Fort Smith, AR

Listing date Feb 17, 2026

MLS# 1087114

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 commercial building includes approximately 1,500 square feet of front space configured for retail, office, and restaurant use, with a drive-thru window. The rear portion is a warehouse with accompanying office space, and the property also has a fenced-in side yard for additional outdoor utility.

The building sits on a lot of about 0.4551 acres at 7423 Highway 271 in Fort Smith, Arkansas. The site layout supports separation between the customer-facing front portion and the warehouse operations to the rear, while the fenced side yard provides a defined area for storage or workflow.

The combination of drive-thru service at the front with warehouse and office space in the back can fit multiple business formats, including food service operators that also need space for warehousing and staff offices. For buyers, the flexible front configuration paired with the dedicated warehouse component may support a straightforward operational setup within a single property.

Key Highlights

  • 4500 sq ft commercial building offers versatile possibilities.
  • 1500 sq ft of retail/office/restaurant space, ready for your business.
  • Warehouse with office space provides a functional layout.

Local Financial Insights For Warehouse

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 $27.0k $6.00
− Vacancy −$2.8k −$0.62
EGI $24.2k $5.38
− OpEx −$3.6k −$0.81
NOI $20.6k $4.57
4,500 SF · lease $6.00/SF/yr · vacancy 10.40% · expense 15.00%

Alternative Uses

Best Use
Specialty Retail
$675.5K
$591.1K – $788.1K (±1% cap)
NOI $47,284 @ 7.0% cap · market cap 17.20%
Second Best
Office B
$642.2K
$561.9K – $749.3K (±1% cap)
NOI $44,955 @ 7.0% cap · market cap 16.35%
Theoretical Best
Healthcare Medical
$957.4K
$837.7K – $1.12M (±1% cap)
NOI $67,019 @ 7.0% cap · market cap 24.38%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Drive through restaurants

Suggested Use

Real Estate Agency Law Firm Restaurant Kitchen & Bath Showroom Auto Parts Store Big Box & Wholesale Store Electrical Service Pharmacy Building Supply Gym & Fitness Center

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

FAQs

What type of property is this?
Mixed-use property - Front retail, office, and restaurant space with a drive-thru window, plus warehouse and fenced side yard.
Where is this mixed-use property located?
The property is located at 7423 Highway 271 lot 2 Fort Smith, AR.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 4500 sq ft commercial building offers versatile possibilities.; 1500 sq ft of retail/office/restaurant space, ready for your business.; Warehouse with office space provides a functional layout.
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