Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lots in Airport-North Park Title is generated by Realmo AI

    Phoenix Ave, Fort Smith, AR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Vacant commercial lots in established commercial park.

    Type:LAND
    Lot size:
    0.58 Acres
    Added:
    Sep 3, 2020
    Days on Market:
    2089
    Last Refresh:
    Apr 5 at 11:22 pm

    Property Features for Phoenix Ave

    General Information

    Standard status
    Active
    Lot size
    0.58 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Damon Wright
    Damon Wright

    Listing agent Damon Wright License #EB00055950

    Listing office Seiter & Wright Commercial Properties

    Listing date Sep 3, 2020

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Seiter & Wright Commercial Properties

    HighLights

    • Located in Airport‑North Commercial Park anchored by a new Veterans Administration Clinic guaranteeing consistent traffic flow.
    • Excellent visibility from Interstate 540 (51,000 cars per day).
    • Frontage on Phoenix Avenue (19,000 cars per day).
    • New streets and infrastructure in place.
    • Great access to the property.
    • Common detention area serving the entire development.

    Overview

    Vacant commercial lots are available on Phoenix Avenue in Airport-North Commercial Park. The park is home to a 45,900 square foot Veterans Administration Clinic, which opened in 2021. The location offers frontage on Phoenix Avenue, with a traffic count of 19,000 cars per day, and visibility from Interstate 540, with a traffic count of 51,000 cars per day. The property features access, new streets, and new infrastructure, with a common detention area serving the entire development. The clinic is expected to deliver traffic into Airport-North Commercial Park from patients, physicians, nurses, technicians, and support staff. Lots are priced from $8 to $20 per square foot, dependent upon size and location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.431
    Latitude
    35.3386

    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?
    Land - Vacant commercial lots in established commercial park.
    Where is this land located?
    The property is located at Phoenix Ave Fort Smith, AR.
    What are key features of this property?
    This property features: Located in Airport‑North Commercial Park anchored by a new Veterans Administration Clinic guaranteeing consistent traffic flow.; Excellent visibility from Interstate 540 (51,000 cars per day).; Frontage on Phoenix Avenue (19,000 cars per day).
    (501) 519-4008 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Damon Wright
    Damon Wright
    Real Estate License ID: EB00055950
    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
    Phoenix Ave, Fort Smith, AR
    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!