Multi-Tenant Office
For Sale
Contact for pricing
3600 Wheeler Avenue 7, Fort Smith, AR 72901
Established office facility with private offices, conference areas, elevator access, and substantial on-site parking.
Property Size59,358 SF
Lot Size6.53 Acres
Price / SF$1.33
Days on Market93
Property Features for 3600 Wheeler Avenue 7
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 with separate HVAC
updated systems
TPO roof
large conference rooms
welcoming foyer
Building Details
Buildings
1
Building Size
59,358 SF
Tenancy
Multi
Owner Occupied
No
Abandoned
No
Listing Agency:
Sagely & Edwards Realtors
(479) 782-8911
Listed By:
Mont & Angel Sagely Team
(479) 462-5516
Source:
Assurancerealtyfsm
Added: Jul 16
Changed: Oct 5
Last Checked: Oct 16 at 8:37AM
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 multi-tenant office building provides a substantial commercial workplace with more than 65 private offices, several large conference rooms, a welcoming foyer, elevator access, and multiple staircases. Interior support areas include a kitchen and break rooms, copy rooms, filing rooms, and a dedicated server/data room with separate HVAC. Updated building systems and a TPO roof support ongoing operations.
The property occupies approximately 6.53 acres at 3600 Wheeler Avenue in Fort Smith, with access from Hwy 255 and proximity to downtown. More than 225 dedicated parking spaces serve the facility. Its existing configuration is suited to executive, medical, administrative, institutional, corporate, and professional office requirements. Showings are available by appointment during business hours, with the listing agent attending all visits.
The property occupies approximately 6.53 acres at 3600 Wheeler Avenue in Fort Smith, with access from Hwy 255 and proximity to downtown. More than 225 dedicated parking spaces serve the facility. Its existing configuration is suited to executive, medical, administrative, institutional, corporate, and professional office requirements. Showings are available by appointment during business hours, with the listing agent attending all visits.
Key Highlights
- Approximately 6.53‑acre office property at 3600 Wheeler Avenue, Fort Smith, AR 72901
- More than 65 private offices and multiple large conference rooms
- Over 225 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,016
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,320
$680.3K
Cap Rate 7%
$485,943
$485.9K
Cap Rate 9%
$377,956
$378.0K
Market Conditions
NOI Build-Up for 3,405 SF
Gross rent
$49.0K $14.40/SF
− Vacancy
−$3.7K −$1.08/SF
EGI
$45.4K $13.32/SF
− OpEx
−$11.3K −$3.33/SF
NOI
$34.0K $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%
$680,320
Cap Rate 7%
$485,943
Cap Rate 9%
$377,956
Alternative Uses
Best Use
Office B
$485.9K
$425.2K – $566.9K
NOI $34,016 @ 7.0% cap · market cap 751.24%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 1,119.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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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?
Office building - Established office facility with private offices, conference areas, elevator access, and substantial on-site parking.
Where is this office building located?
The property is located at 3600 Wheeler Avenue 7 Fort Smith, AR.
What are key features of this property?
This property features: Approximately 6.53‑acre office property at 3600 Wheeler Avenue, Fort Smith, AR 72901; More than 65 private offices and multiple large conference rooms; Over 225 dedicated parking spaces
