Office-Configured Mixed-Use
New
For Sale
$299,500
321 N Greenwood Avenue, Fort Smith, AR 72901
C-2-zoned space is currently used for offices and advertising retail, with access and parking at both the front and rear.
Property Size2,800 SF
Lot Size0.16 Acres
Price / SF$106.96
Days on Market3
Property Features for 321 N Greenwood Avenue
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
10
Lot size
0.16 Acres
Zoning
C-2
Site & Location
Traffic Count
10,000 vehicles/day
Road Access
Yes
Mixed-Use Components
office, retail
Additional Details
Currently Operating
Yes
Property Use
Office/Advertising Retail
Amenities
Conference Room
Building Details
Buildings
1
Building Size
2,800 SF
Abandoned
No
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Jeff Beauchamp · License #SA00088441
(479) 719-5037
Source:
Assurancerealtyfsm
Added: Oct 23
Last Checked: Oct 24 at 6:30PM
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
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Investment Insights
Based on property information with market context.
This 2,800-square-foot mixed-use building sits on a 7,000-square-foot lot and is arranged with seven offices, a conference room, two restrooms, and a reception area that also accommodates open office use. Two HVAC units serve the interior, and electronic locks are installed on all three entry doors. The property is currently used for office and advertising retail purposes and is zoned C-2.
The building fronts N Greenwood Avenue, just north of Park Avenue, in a Fort Smith area with commercial, residential, and multifamily properties. Northside High School is within walking distance, and Rogers Avenue and Grand Avenue are six blocks away. ARDOT figures indicate approximately 10,000 average daily vehicles in the area.
A total of 10 parking spaces are located at the front and rear, with rear access via the alley. The interior also includes heating and cooling and is described as well lit.
The building fronts N Greenwood Avenue, just north of Park Avenue, in a Fort Smith area with commercial, residential, and multifamily properties. Northside High School is within walking distance, and Rogers Avenue and Grand Avenue are six blocks away. ARDOT figures indicate approximately 10,000 average daily vehicles in the area.
A total of 10 parking spaces are located at the front and rear, with rear access via the alley. The interior also includes heating and cooling and is described as well lit.
Key Highlights
- 2,800‑square‑foot building on a 7,000‑square‑foot lot
- Seven offices, a conference room, two restrooms, and reception/open office area
- C‑2 zoning; current office and advertising retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,663
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,260
$473.3K
Cap Rate 7%
$338,043
$338.0K
Cap Rate 9%
$262,922
$262.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$40.3K $14.40/SF
− Vacancy
−$2.5K −$0.88/SF
EGI
$37.9K $13.52/SF
− OpEx
−$14.2K −$5.07/SF
NOI
$23.7K $8.45/SF
Area
Sebastian County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,260
Cap Rate 7%
$338,043
Cap Rate 9%
$262,922
Alternative Uses
Best Use
Office B
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 9.34%
Second Best
Mixed Use
$338.0K
$295.8K – $394.4K
NOI $23,663 @ 7.0% cap · market cap 7.90%
Theoretical Best
Healthcare Medical
$595.7K
$521.3K – $695.0K
NOI $41,701 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned space is currently used for offices and advertising retail, with access and parking at both the front and rear.
Where is this mixed-use property located?
The property is located at 321 N Greenwood Avenue Fort Smith, AR.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: 2,800‑square‑foot building on a 7,000‑square‑foot lot; Seven offices, a conference room, two restrooms, and reception/open office area; C‑2 zoning; current office and advertising retail use
