Multi-Tenant Office
For Sale
Contact for pricing
3600 Wheeler Avenue 5, Fort Smith, AR 72901
Flexible workplace with extensive private offices, meeting areas, parking, and infrastructure for executive or institutional operations.
Property Size59,358 SF
Lot Size6.53 Acres
Price / SF$1.33
Days on Market93
Property Features for 3600 Wheeler Avenue 5
General Information
Standard status
Active
Size
59,358 SF
Elevators
Yes
Lot size
6.53 Acres
Property subtype
CommercialLease
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
kitchen/break rooms
copy rooms
filing rooms
dedicated server/data room
conference rooms
welcoming foyer
TPO roof
Building Details
Buildings
1
Building Size
59,358 SF
Tenancy
Multi
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Mont & Angel Sagely Team
(479) 462-5516
Source:
Assurancerealtyfsm
Added: Jul 16
Changed: Oct 6
Last Checked: Oct 16 at 8:54AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 59,358 sq.ft. office property is configured as a multi-tenant facility on approximately 6.53 acres. The building includes more than 65 private offices, several large conference rooms, a reception foyer, elevator service, multiple staircases, kitchen and break areas, copy and filing rooms, and a dedicated server/data room with separate HVAC. Updated building systems and a TPO roof support ongoing operations.
The property is positioned on Hwy 255 at 3600 Wheeler Avenue in Fort Smith, providing access near downtown. More than 225 dedicated parking spaces serve the building, adding practical capacity for employees, visitors, and multiple occupants. The existing layout and infrastructure accommodate executive, medical, administrative, and institutional office functions, with showings available by appointment during business hours.
The property is positioned on Hwy 255 at 3600 Wheeler Avenue in Fort Smith, providing access near downtown. More than 225 dedicated parking spaces serve the building, adding practical capacity for employees, visitors, and multiple occupants. The existing layout and infrastructure accommodate executive, medical, administrative, and institutional office functions, with showings available by appointment during business hours.
Key Highlights
- 59,358 sq.ft. heated office building on approximately 6.53 acres
- 65+ private offices with multiple large conference rooms
- Over 225 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,133
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,660
$942.7K
Cap Rate 7%
$673,329
$673.3K
Cap Rate 9%
$523,700
$523.7K
Market Conditions
NOI Build-Up for 4,718 SF
Gross rent
$67.9K $14.40/SF
− Vacancy
−$5.1K −$1.08/SF
EGI
$62.8K $13.32/SF
− OpEx
−$15.7K −$3.33/SF
NOI
$47.1K $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%
$942,660
Cap Rate 7%
$673,329
Cap Rate 9%
$523,700
Alternative Uses
Best Use
Office B
$673.3K
$589.2K – $785.6K
NOI $47,133 @ 7.0% cap · market cap 751.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.00M
$878.3K – $1.17M
NOI $70,266 @ 7.0% cap · market cap 1,119.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible workplace with extensive private offices, meeting areas, parking, and infrastructure for executive or institutional operations.
Where is this office building located?
The property is located at 3600 Wheeler Avenue 5 Fort Smith, AR.
What are key features of this property?
This property features: 59,358 sq.ft. heated office building on approximately 6.53 acres; 65+ private offices with multiple large conference rooms; Over 225 dedicated parking spaces
