Renovated Flex Space with
New
For Sale
$145,000
1608 Jenny Lind Road, Fort Smith, AR 72901
A finished office and restroom complement a shop area with overhead door access.
Property Size1,128 SF
Price / SF$128.55
Days on Market4
Property Features for 1608 Jenny Lind Road
General Information
Standard status
Active
Size
1,128 SF
Additional Details
Property Use
Office and Shop
Listing Agency:
O'Neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Lynette Burt
(479) 651-3679
Source:
Assurancerealtyfsm
Added: Oct 30
Changed: Nov 2
Last Checked: Nov 1 at 5:11AM
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 O'Neal Real Estate- Fort Smith
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Investment Insights
Based on property information with market context.
This 1,128-square-foot flex space combines a finished office and restroom with a shop area served by an overhead door. Renovations included new Sheetrock, contemporary finishes, durable flooring, lighting, double-pane windows, refreshed stucco, pine siding accents, and a new garage door. The roof and electrical systems were also updated.
Located at 1608 Jenny Lind Road in Fort Smith, the property offers a mix of office and functional shop space.
Located at 1608 Jenny Lind Road in Fort Smith, the property offers a mix of office and functional shop space.
Key Highlights
- 1,128 square feet of flex space
- Finished office and restroom alongside a shop area
- Overhead door access to the shop
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.
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Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A finished office and restroom complement a shop area with overhead door access.
Where is this flex space located?
The property is located at 1608 Jenny Lind Road 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 feet of flex space; Finished office and restroom alongside a shop area; Overhead door access to the shop
