Corner Storefront
For Sale
$599,000
2700 Grand Avenue, Fort Smith, AR 72901
Two-suite commercial layout with one occupied suite and a separate space available for lease.
Property Size2,818 SF
Price / SF$212.56
Days on Market30
Property Features for 2700 Grand Avenue
General Information
Standard status
Active
Size
2,818 SF
Property subtype
CommercialSale
Additional Details
Corner Location
Yes
Building Details
Tenancy
Multi
Listing Agency:
Sagely & Edwards Realtors
(479) 719-5037
Listed By:
Jeff Beauchamp · License #SA00088441
(479) 719-5037
Source:
Assurancerealtyfsm
Added: Jul 31
Changed: Aug 29
Last Checked: Aug 25 at 9:42AM
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 Sagely & Edwards Realtors
Investment Insights
Based on property information with market context.
This corner storefront property at 2700 Grand Ave in Fort Smith, Arkansas, contains two separate suites. Suite A measures approximately 2,204 square feet and is vacant, while Suite B measures approximately 600 square feet and is leased. Suite A is also available for lease, providing flexibility for an owner-user, additional occupancy, or separate leasing strategy. The property previously housed a pawn loan business and later operated as a music equipment retail location.
The site is across the street from Taco Bell and Little Caesars Pizza, with McDonald’s located diagonally across the street. The property is offered for sale, and Suite B has 6 years remaining on its lease with an additional 10-year option.
The site is across the street from Taco Bell and Little Caesars Pizza, with McDonald’s located diagonally across the street. The property is offered for sale, and Suite B has 6 years remaining on its lease with an additional 10-year option.
Key Highlights
- Corner storefront at 2700 Grand Ave, Fort Smith, AR 72901
- Two suites measuring approximately 2,204 square feet and approximately 600 square feet
- Suite A is vacant and available for lease
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,180
$442.2K
Cap Rate 7%
$315,843
$315.8K
Cap Rate 9%
$245,656
$245.7K
Market Conditions
NOI Build-Up for 2,818 SF
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.
Gross rent
$33.8K $12.00/SF
− Vacancy
−$2.2K −$0.79/SF
EGI
$31.6K $11.21/SF
− OpEx
−$9.5K −$3.36/SF
NOI
$22.1K $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$442,180
Cap Rate 7%
$315,843
Cap Rate 9%
$245,656
Alternative Uses
Best Use
Retail
$315.8K
$276.4K – $368.5K
NOI $22,109 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$599.6K
$524.6K – $699.5K
NOI $41,969 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 34%
Home Improvements & Furnishings 2%
Electronics 1%
McDonald's
Dining
27,393 visits/mo
0.1 miles
Taco Bell
Dining
16,958 visits/mo
0.1 miles
Little Caesars Pizza
Dining
10,092 visits/mo
0.0 miles
Dollar Tree
Shops & Services
9,972 visits/mo
0.4 miles
Dollar General
Shops & Services
7,183 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-suite commercial layout with one occupied suite and a separate space available for lease.
Where is this storefront property located?
The property is located at 2700 Grand Avenue Fort Smith, AR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Corner storefront at 2700 Grand Ave, Fort Smith, AR 72901; Two suites measuring approximately 2,204 square feet and approximately 600 square feet; Suite A is vacant and available for lease
