Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1820 Phoenix Ave Fort Smith, AR 72901

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail spaces available, ranging from 1 to 17,016 SqFt.

    Type:Retail, Land
    Property size:
    17,016 SF
    Added:
    Jun 5, 2024
    Days on Market:
    683
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 1820 Phoenix Ave

    General Information

    Standard status
    Active
    Size
    17,016 SF
    Property subtype
    Retail, Land

    Spaces For Lease

    at 1820 Phoenix Ave Contact us

    We can help!

    Listing Contact
    Kristyn Borgobello

    Listing agent Kristyn Borgobello License #TX

    Listing office Albanese Cormier

    Listing date Jun 5, 2024

    Source Crexi

    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 Albanese Cormier

    Overview

    Retail Space Available For Rent

    This commercial property offers retail spaces for rent. There are currently two spaces available, ranging in size from 1 to 17,016 square feet. The property is located on Phoenix Ave in Fort Smith, Arkansas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hardee's Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.414833
    Latitude
    35.338344

    Nearby Similar for Lease

    • Contact for pricing

      Renovated Office Space in Fort Smith

      Move-in-ready office space in a prime Fort Smith location.
      3017 S 70th Unit #D unit: D, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Fort Smith Flex Space Available

      New 4460 SF flex space near I-540.
      4600 Unit 5 Regions Park DR, Fort Smith, AR 72916
      View Details
    • Contact for pricing

      Fort Smith Flex Space Available

      New 3325 SF flex space near I-540.
      4600 Unit 6 Regions Park DR, Fort Smith, AR 72916
      View Details
    • Contact for pricing

      Fort Smith Flex Space Available

      New 4460 SF flex space near I-540.
      4600 Unit 4 Regions Park DR, Fort Smith, AR 72916
      View Details
    • $59,347/mo

      Versatile Office/Warehouse Space Available

      Functional office and warehouse space for lease in Fort Smith.
      3904 Ayers RD, Fort Smith, AR 72908
      View Details
    • $20,999/mo

      Chaffee Crossing Office and Warehouse

      Office and warehouse spaces available in high-demand commercial area.
      7501 Veterans AVE, Fort Smith, AR 72916
      View Details
    • $4/mo

      Auto Repair Garage For Rent

      Well-known auto repair garage with 9 bays for rent.
      1100 S O Street, Fort Smith, AR 72901
      View Details
    • $150,000/mo

      Fort Smith Commercial Building

      Commercial building in Fort Smith with leasing options.
      310 Towson AVE, Fort Smith, AR 72901
      View Details
    • $12/mo

      Versatile Commercial Space Near Rogers Avenue

      1,874 SF commercial space suitable for various business types.
      500 S 20th Street, Fort Smith, AR 72901
      View Details
    • Contact for pricing

      Fort Smith Commercial Space Available

      4980 SF flex space with warehouse and office components.
      918 Wheeler AVE, Fort Smith, AR 72901
      View Details
    • Contact for pricing

      Remodeled Office Space in Fort Smith

      Remodeled 3100 SF office space in historic district.
      7405 Terry ST, Fort Smith, AR 72916
      View Details
    • $56,952/mo

      Fort Smith Auto Repair Garage

      Large auto repair garage with 9 bays for lease.
      1100 S O ST, Fort Smith, AR 72901
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available, ranging from 1 to 17,016 SqFt.
    Where is this retail space located?
    The property is located at 1820 Phoenix Ave Fort Smith, AR.
    What are key features of this property?
    This property features: Retail property suitable for various business types.; Two spaces available, offering flexibility.; Size range from 1 SqFt to 17,016 SqFt, accommodating diverse needs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kristyn Borgobello
    Real Estate License ID: TX
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!