Professional Office Building with
3224 Old Greenwood Road, Fort Smith, AR 72903
For Sale
$575,000
Configured for client-facing operations with executive offices, conference rooms, natural light, and supplemental storage capacity.
Property Size3,180 SF
Price / SF$180.82
Days on Market56
Property Features for 3224 Old Greenwood Road
General Information
Standard status
Size
Listing Agency:
Limbird Real Estate Group
(855) 755-7653
Listed By:
Charli Lawson
(479) 330-2210
Source:
Assurancerealtyfsm
Added: Sep 13
Changed: Nov 2
Last Checked: Nov 6 at 8:57AM
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 Limbird Real Estate Group
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Investment Insights
Based on property information with market context.
This office building at 3224 Old Greenwood Road provides a professional setting for administrative and client-facing operations. The main level contains 2,435 square feet with multiple executive offices, conference rooms, abundant natural light, and quality interior finishes. A 745-square-foot basement expands the usable area and can support storage or additional operational functions.
The property totals 3,180 square feet across the main level and basement. Its combination of private offices, meeting space, finished interiors, and lower-level utility creates a practical configuration for an office user seeking both presentation space and supporting storage.
The property totals 3,180 square feet across the main level and basement. Its combination of private offices, meeting space, finished interiors, and lower-level utility creates a practical configuration for an office user seeking both presentation space and supporting storage.
Key Highlights
- 3,180 SF total, including 2,435 SF on the main level and 745 SF in the basement
- Multiple executive offices and conference rooms
- Basement area provides supplemental storage or operational space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,768
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,360
$635.4K
Cap Rate 7%
$453,829
$453.8K
Cap Rate 9%
$352,978
$353.0K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$45.8K $14.40/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$42.4K $13.32/SF
− OpEx
−$10.6K −$3.33/SF
NOI
$31.8K $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%
$635,360
Cap Rate 7%
$453,829
Cap Rate 9%
$352,978
Alternative Uses
Best Use
Office B
$453.8K
$397.1K – $529.5K
NOI $31,768 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$676.6K
$592.0K – $789.3K
NOI $47,360 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
260
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
$216,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Fort Smith, AR
Properties on Market for Office buildings in Fort Smith
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Configured for client-facing operations with executive offices, conference rooms, natural light, and supplemental storage capacity.
Where is this office building located?
The property is located at 3224 Old Greenwood Road Fort Smith, AR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 3,180 SF total, including 2,435 SF on the main level and 745 SF in the basement; Multiple executive offices and conference rooms; Basement area provides supplemental storage or operational space
