Professional Office
For Sale
$575,000
3224 Old Greenwood RD, Fort Smith, AR 72903
Commercial, Fort Smith, AR
Property Size3,180 SF
Lot Size0.27 Acres
Price / SF$180.82
Days on Market50
Property Features for 3224 Old Greenwood RD
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Rooms
Basement
Parking
12
Directions
Heading West on Rogers Ave, turn South on Old Greenwood Rd and the office is on the right
Standard status
Active
APN
14808-0002-00000-00
Size
3,180 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
LOT 2
Tax Annual Amount
3207
Legal Description
LOT 2
Utilities
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
executive offices
conference rooms
natural light
quality interior finishes
Building Details
Year built
1995
Number of units
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Limbird Real Estate Group
Listed By:
Charli Lawson
(855) 755-7653
Added: Sep 7
Changed: Oct 21
Last Checked: Oct 26 at 2:06AM
MLS# 1091522
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office building provides 3,180 square feet across a 2,435-square-foot main level and a 745-square-foot basement. The layout includes multiple executive offices and conference rooms, with natural light and vinyl flooring throughout the office areas. The basement adds storage or operational space for the property’s users.
Built in 1995, the property occupies 0.27 acres and features central air conditioning, electric heating, a shingle roof, and commercial zoning. The configuration supports professional office operations with separate work areas and dedicated meeting space.
Built in 1995, the property occupies 0.27 acres and features central air conditioning, electric heating, a shingle roof, and commercial zoning. The configuration supports professional office operations with separate work areas and dedicated meeting space.
Key Highlights
- 3,180 square feet of total building area
- 2,435‑square‑foot main level plus 745‑square‑foot basement
- Multiple executive offices and conference rooms
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Commercially zoned office property with executive offices, conference rooms, and supplemental basement space.
Where is this office building located?
The property is located at 3224 Old Greenwood RD 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 square feet of total building area; 2,435‑square‑foot main level plus 745‑square‑foot basement; Multiple executive offices and conference rooms
