Flex Space with Shop
New
For Sale
$145,000
1608 Jenny Lind RD, Fort Smith, AR 72901
Commercial, Fort Smith, AR
Property Size1,128 SF
Lot Size0.15 Acres
Price / SF$128.55
Days on Market2
Property Features for 1608 Jenny Lind RD
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
head northwest on Rogers Ave. Turned left onto S Greenwood, right onto Dodson, left onto Jenny Lind, property is on the right.
Standard status
Active
APN
14939-0006-00016-00
Size
1,128 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOT 6 BLK 16
Tax Annual Amount
455
Legal Description
LOT 6 BLK 16
Listing Agency:
O'Neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Lynette Burt
(918) 774-5743
Added: Oct 19
Last Checked: Oct 20 at 3:06AM
MLS# 1092554
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.
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Investment Insights
Based on property information with market context.
This 1,128-square-foot flex property pairs a finished office area with a shop served by an overhead door. The interior was renovated from the studs, with new Sheetrock, durable flooring, modern lighting, and updated finishes. Double-pane windows bring natural light into the office, and a restroom supports day-to-day operations. Roof and electrical systems have also received substantial updates.
Exterior work includes refreshed stucco, pine siding accents, and a replacement garage door. The property occupies a 0.1536-acre lot at 1608 Jenny Lind Road in Fort Smith, Arkansas.
Exterior work includes refreshed stucco, pine siding accents, and a replacement garage door. The property occupies a 0.1536-acre lot at 1608 Jenny Lind Road in Fort Smith, Arkansas.
Key Highlights
- 1,128‑square‑foot flex property with office and shop space
- Interior renovation included new Sheetrock, flooring, lighting, and finishes
- Shop area has overhead door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,097
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,940
$121.9K
Cap Rate 7%
$87,100
$87.1K
Cap Rate 9%
$67,744
$67.7K
Market Conditions
NOI Build-Up for 1,128 SF
Gross rent
$10.2K $9.00/SF
− Vacancy
−$772 −$0.68/SF
EGI
$9.4K $8.32/SF
− OpEx
−$3.3K −$2.91/SF
NOI
$6.1K $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%
$121,940
Cap Rate 7%
$87,100
Cap Rate 9%
$67,744
Alternative Uses
Best Use
Flex RnD
$87.1K
$76.2K – $101.6K
NOI $6,097 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$60.6K
$53.1K – $70.8K
NOI $4,245 @ 7.0% cap · market cap 2.93%
Theoretical Best
Healthcare Medical
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 11.59%
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
939
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A renovated mixed office-and-workshop layout includes overhead access and a finished restroom.
Where is this flex space located?
The property is located at 1608 Jenny Lind RD Fort Smith, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,128‑square‑foot flex property with office and shop space; Interior renovation included new Sheetrock, flooring, lighting, and finishes; Shop area has overhead door access
