Renovated Medical Office
1501 South Waldron Road Fort Smith, AR 72903
For Sale
Contact for pricing
Renovated multi-tenant medical and professional office building with room to expand.
Property Size30,140 SF
Price / SF$145.99
Days on Market58
Property Features for 1501 South Waldron Road
General Information
- Standard status
- Active
- Size
- 30,140 SF
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency:
Ghan & Cooper Commercial Properties
Listed By:
Stuart Ghan, CCIM · License #AR PB00068079
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 22 at 12:17PM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
This multi-tenant medical and professional office building has been renovated in phases since 2012. The property offers an office-focused configuration designed to support multiple tenants within a single building, with the noted ability to expand from ground level.
The building is located along Waldron Rd, directly across from Central Mall Fort Smith. Its position on a major road provides straightforward access for patients, employees, and visitors.
For buyers seeking an office asset with a medical-friendly orientation, the current multi-tenant setup supports a range of professional users. With the building already renovated since 2012 and expansion potential indicated from the ground level, the property offers a practical platform for an operator or owner who wants to manage a variety of office uses under one roof.
The building is located along Waldron Rd, directly across from Central Mall Fort Smith. Its position on a major road provides straightforward access for patients, employees, and visitors.
For buyers seeking an office asset with a medical-friendly orientation, the current multi-tenant setup supports a range of professional users. With the building already renovated since 2012 and expansion potential indicated from the ground level, the property offers a practical platform for an operator or owner who wants to manage a variety of office uses under one roof.
Key Highlights
- Multi‑tenant medical and professional office building built in 1980
- Entire building renovated since 2012
- Located along Waldron Rd, across from Central Mall Fort Smith
Financial Insights For Office B
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 | $434.0k | $14.40 |
| − Vacancy | −$32.6k | −$1.08 |
| EGI | $401.5k | $13.32 |
| − OpEx | −$100.4k | −$3.33 |
| NOI | $301.1k | $9.99 |
30,140 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$6.41M
$5.61M – $7.48M
NOI $448,881 @ 7.0% cap · market cap 10.20%
Second Best
Office B
$4.30M
$3.76M – $5.02M
NOI $301,099 @ 7.0% cap · market cap 6.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Edmund Kennedy, ...
Physician
Marriage Counseling Ft. ...
Counselor
Kenneth Robison
Crisis Center
Alisa Hostetler
Counselor
Kaydi Wingo
Physician
FAQs
What type of property is this?
Office building - Renovated multi-tenant medical and professional office building with room to expand.
Where is this office building located?
The property is located at 1501 South Waldron Road Fort Smith, AR.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: Multi‑tenant medical and professional office building built in 1980; Entire building renovated since 2012; Located along Waldron Rd, across from Central Mall Fort Smith
