Retail Property in Fort
For Sale
Contact for pricing
1200 S Waldron Road, Fort Smith, AR 72903
Stabilized retail property with upside potential in Fort Smith.
Property Size197,686 SF
Price / SF$89.03
Days on Market210
Property Features for 1200 S Waldron Road
General Information
Standard status
Active
Size
197,686 SF
Property subtype
Retail
Occupancy
92%
Investment Type
Value Add
Net Operating Income
$1,627,880
Building Details
Year Built
1969
Buildings
1
Tenancy
Multi
Listing Agency:
Palomar Real Estate Group
Listed By:
Ryan McArdle · License #GA 319111
Source:
Crexi
Added: Mar 27
Changed: Oct 8
Last Checked: Oct 20 at 5:53PM
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 Palomar Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, located in Fort Smith, Arkansas, offers a substantial area of 197686 square feet. The property represents a stabilized retail opportunity with potential for increased value.
Key Highlights
- Stabilized retail property offering immediate income.
- Presents upside potential for increased revenue.
- Located in Fort Smith, AR.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,550,965
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,019,300
$31.0M
Cap Rate 7%
$22,156,643
$22.2M
Cap Rate 9%
$17,232,944
$17.2M
Market Conditions
NOI Build-Up for 197,686 SF
Gross rent
$2.37M $12.00/SF
− Vacancy
−$156.6K −$0.79/SF
EGI
$2.22M $11.21/SF
− OpEx
−$664.7K −$3.36/SF
NOI
$1.55M $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$31,019,300
Cap Rate 7%
$22,156,643
Cap Rate 9%
$17,232,944
Alternative Uses
Best Use
Retail
$22.16M
$19.39M – $25.85M
NOI $1,550,965 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$42.06M
$36.80M – $49.07M
NOI $2,944,177 @ 7.0% cap · market cap 16.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
14,970 visits/mo
0.5 miles
U-Haul
Shops & Services
2,182 visits/mo
0.5 miles
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail property - Stabilized retail property with upside potential in Fort Smith.
Where is this retail property located?
The property is located at 1200 S Waldron Road Fort Smith, AR.
What is the asking price?
The asking price for this property is $17,600,000.
What are key features of this property?
This property features: Stabilized retail property offering immediate income.; Presents upside potential for increased revenue.; Located in Fort Smith, AR.
