Office Building with Shop
3203 Waco St Fort Smith, AR 72903
3203 Waco St, Fort Smith, AR, 72903
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For Sale
Contact for pricing
Mixed-use property featuring office space and a shop.
Property Size2,328 SF
Price / SF$169.67
Days on Market1206
Property Features for 3203 Waco St
General Information
- Standard status
- Active
- Size
- 2,328 SF
- Property subtype
- Office
Listing agency
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed by
Chad Adair · License #AR AB00084468
Source
Crexi
Added: Apr 3, 2023 Updated: Jul 10 at 3:45PM Checked: Jul 21 at 6:50AM
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
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.5k | $14.40 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $31.0k | $13.32 |
| − OpEx | −$7.8k | −$3.33 |
| NOI | $23.3k | $9.99 |
2,328 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eastside Insurance Company
Insurance Agency
1-2-3 Shower & Bath ...
Renovation Specialist
1-2-3 Shower & Bath
Renovation Specialist
Denton Contractors LLC
Construction Company
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FAQs
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.
