Multi-Tenant Office
3600 Wheeler Avenue Fort Smith, AR 72901
3600 Wheeler Avenue, Fort Smith, AR, 72901
Contact for pricing
For Sale
Contact for pricing
Heated office building with 65+ private offices, multiple conference rooms, elevator/stair access, and 225+ dedicated parking spaces.
Property Size59,358 SF
Lot Size6.53 Acres
Price / SF$160.05
Days on Market18
Property Features for 3600 Wheeler Avenue
General Information
- Standard status
- Active
- Size
- 59,358 SF
- Lot size
- 6.53 Acres
- Property subtype
- Office, Mixed Use
Building Details
- Year Built
- 1980
Listing agency
Sagely & Edwards Realtors
Listed by
Mont Sagely · License #PB00046463
Source
Crexi
Added: Jul 6 Updated: Jul 22 at 11:37PM Checked: Jul 22 at 11:37PM
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
Investment Insights
Based on property information with market context.
This heated multi-tenant office building features 65+ private offices, multiple large conference rooms, and a welcoming foyer with both elevator and multiple staircases. Interior amenities include kitchen/break rooms, copy rooms, filing rooms, and a dedicated server/data room with separate HVAC. The property also highlights updated systems and a TPO roof.
Located at 3600 Wheeler Avenue on Hwy 255 in Fort Smith, the building sits on approximately 6.53 acres and is designed to support a range of office and institutional functions. The site includes 225+ dedicated parking spaces and offers strong day-to-day functionality and accessibility for meetings, training, and administrative operations.
Showings are by appointment and during business hours only, and the listing agent will attend all showings.
Located at 3600 Wheeler Avenue on Hwy 255 in Fort Smith, the building sits on approximately 6.53 acres and is designed to support a range of office and institutional functions. The site includes 225+ dedicated parking spaces and offers strong day-to-day functionality and accessibility for meetings, training, and administrative operations.
Showings are by appointment and during business hours only, and the listing agent will attend all showings.
Key Highlights
- 59,358 sq. ft. heated commercial office building built in 1980
- Multi‑tenant setup with 65+ private offices and multiple large conference rooms
- On approximately 6.53 acres with Hwy 255 frontage and dedicated parking for 225+ vehicles
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 | $854.8k | $14.40 |
| − Vacancy | −$64.1k | −$1.08 |
| EGI | $790.6k | $13.32 |
| − OpEx | −$197.7k | −$3.33 |
| NOI | $593.0k | $9.99 |
59,358 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$12.63M
$11.05M – $14.73M
NOI $884,031 @ 7.0% cap · market cap 9.31%
Second Best
Office B
$8.47M
$7.41M – $9.88M
NOI $592,986 @ 7.0% cap · market cap 6.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Norris Services & Construction, ...
Construction Company
Sirron Company - Sirron ...
Construction Company
Area Agency On Aging ...
Home Health Care Service
Norris Group
Construction Company
Dumpster Rental Crew ...
Waste Management Facility
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FAQs
What type of property is this?
Office building - Heated office building with 65+ private offices, multiple conference rooms, elevator/stair access, and 225+ dedicated parking spaces.
Where is this office building located?
The property is located at 3600 Wheeler Avenue Fort Smith, AR.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 59,358 sq. ft. heated commercial office building built in 1980; Multi‑tenant setup with 65+ private offices and multiple large conference rooms; On approximately 6.53 acres with Hwy 255 frontage and dedicated parking for 225+ vehicles
