Office Building with Shop
For Sale
Contact for pricing
3203 Waco St, Fort Smith, AR 72903
Mixed-use property featuring office space and a shop.
Property Size2,328 SF
Price / SF$169.67
Days on Market1300
Property Features for 3203 Waco St
General Information
Standard status
Active
Size
2,328 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Building Details
Tenancy
Single
Listing Agency:
Ghan & Cooper Commercial Properties
Listed By:
Chad Adair · License #AR AB00084468
(479) 206-0430
Source:
Crexi
Added: Apr 3, 2023
Changed: Oct 16
Last Checked: Oct 20 at 8:40PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property features an office building with 2,328 square feet of space. The office area includes 4 private offices, 2 closets, a half bath, a conference room with a full bath, an open reception area, and a kitchen. An alarm system is installed. Additionally, the property includes a 975 square foot shop located within a fenced area, offering potential for various commercial or industrial applications.
Key Highlights
- Includes a 975 square foot shop in a fenced in area.
- Contains 4 private offices.
- Features a conference room with a full bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,257
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,140
$465.1K
Cap Rate 7%
$332,243
$332.2K
Cap Rate 9%
$258,411
$258.4K
Market Conditions
NOI Build-Up for 2,328 SF
Gross rent
$33.5K $14.40/SF
− Vacancy
−$2.5K −$1.08/SF
EGI
$31.0K $13.32/SF
− OpEx
−$7.8K −$3.33/SF
NOI
$23.3K $9.99/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,140
Cap Rate 7%
$332,243
Cap Rate 9%
$258,411
Alternative Uses
Best Use
Office B
$332.2K
$290.7K – $387.6K
NOI $23,257 @ 7.0% cap · market cap 5.89%
Second Best
Mixed Use
$281.1K
$245.9K – $327.9K
NOI $19,674 @ 7.0% cap · market cap 4.98%
Theoretical Best
Healthcare Medical
$495.3K
$433.4K – $577.9K
NOI $34,671 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
508
Businesses Nearby
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Business Placement
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring office space and a shop.
Where is this mixed-use property located?
The property is located at 3203 Waco St Fort Smith, AR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Includes a 975 square foot shop in a fenced in area.; Contains 4 private offices.; Features a conference room with a full bath.
