Building Details

Year Built 1972

Building Size 3,500 SF

Listing Agency: O'Neal Real Estate

Listed By: Aaron O'Neal Show Phone

Source: Thebesthomeprice

Added: Sep 9 Changed: Oct 26 Last Checked: Oct 7 at 2:23PM

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Investment Insights

Based on property information with market context.

This 3,500-square-foot flex building in Fort Smith, AR, was built in 1972 and offers a combination of office and utility-oriented space. Interior features include several office areas, multiple bathrooms with showers, and a loft that provides additional storage capacity.

Overhead doors support loading and unloading operations, adding practical functionality for a range of commercial uses. The property is located at 1315 S 11th St in Fort Smith, Arkansas.

Key Highlights

• 3,500 square feet of flex space
• Several office spaces within the building
• Multiple bathrooms with showers

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,919

Cap Rate

6.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$378,380 $378.4K

Cap Rate 7%

$270,271 $270.3K

Cap Rate 9%

$210,211 $210.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$31.5K $9.00/SF

− Vacancy

−$2.4K −$0.68/SF

EGI

$29.1K $8.32/SF

− OpEx

−$10.2K −$2.91/SF

NOI

$18.9K $5.41/SF

Area

Sebastian County, AR

Vacancy

7.60%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$378,380

Cap Rate 7%

$270,271

Cap Rate 9%

$210,211

Alternative Uses

Best Use

Flex RnD

$270.3K

$236.5K – $315.3K (±1% cap)

NOI $18,919 @ 7.0% cap · market cap 6.33%

Second Best

Warehouse

$228.5K

$199.9K – $266.6K (±1% cap)

NOI $15,994 @ 7.0% cap · market cap 5.35%

Theoretical Best

Healthcare Medical

$744.7K

$651.6K – $868.8K (±1% cap)

NOI $52,126 @ 7.0% cap · market cap 17.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Khilco Industrial Electric ... Electrical Service

Suggested Use

Top Pick Garden Center Furniture & Home Goods Grocery & Convenience Store Restaurant Pharmacy Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

634

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72901, AR

20,973

Population

10,337

Households

2

Avg Household Size

37

Median Age

21%

College-Educated

81%

High-School Grad

8.7 sq mi

ZIP Area

2,411

Density / Sq Mi

$42,568

Median Household Income

$30,582

Median Earnings

$837

Median Rent

$113,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile commercial building with office areas, shower-equipped bathrooms, storage loft space, and loading access.

Where is this flex space located?

The property is located at 1315 S 11th St Fort Smith, AR.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 3,500 square feet of flex space; Several office spaces within the building; Multiple bathrooms with showers