Freestanding Mixed-Use
For Sale
$695,000
3827 Midland Blvd, Fort Smith, AR 72904
I-1 zoning accommodates light manufacturing, office, and limited retail or service uses.
Property Size16,123 SF
Price / SF$43.11
Days on Market48
Property Features for 3827 Midland Blvd
General Information
Standard status
Active
Size
16,123 SF
Property subtype
Commercial
Zoning
I-1
Site & Location
Traffic Count
13,000 vehicles/day
Highway Access
Yes
Listing Agency:
Lindsey & Associates Inc
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 24 at 5:29PM
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 Lindsey & Associates Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding mixed-use building contains 16,123 SF and is positioned for a range of commercial functions. The I-1 zoning supports light manufacturing, office operations, and limited retail or service uses. Additional acreage is available for expansion, redevelopment, or future repositioning.
The property is located at 3827 Midland Boulevard in Fort Smith, north of downtown, with approximately 13,000 vehicles per day along Midland Boulevard. Regional access is provided by proximity to I-540, located 2 miles away. Established industrial users in the surrounding corridor include Bachoco USA, International Paper, and Georgia-Pacific.
The property is located at 3827 Midland Boulevard in Fort Smith, north of downtown, with approximately 13,000 vehicles per day along Midland Boulevard. Regional access is provided by proximity to I-540, located 2 miles away. Established industrial users in the surrounding corridor include Bachoco USA, International Paper, and Georgia-Pacific.
Key Highlights
- 16,123 SF freestanding mixed‑use building
- I‑1 zoning supports light manufacturing, office, and limited retail or service uses
- Approximately 13,000 vehicles per day on Midland Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,674
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,480
$1.2M
Cap Rate 7%
$866,771
$866.8K
Cap Rate 9%
$674,156
$674.2K
Market Conditions
NOI Build-Up for 16,123 SF
Gross rent
$96.7K $6.00/SF
− Vacancy
−$10.1K −$0.62/SF
EGI
$86.7K $5.38/SF
− OpEx
−$26.0K −$1.61/SF
NOI
$60.7K $3.76/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,213,480
Cap Rate 7%
$866,771
Cap Rate 9%
$674,156
Alternative Uses
Best Use
Mixed Use
$1.95M
$1.70M – $2.27M
NOI $136,255 @ 7.0% cap · market cap 19.61%
Second Best
Industrial
$866.8K
$758.4K – $1.01M
NOI $60,674 @ 7.0% cap · market cap 8.73%
Theoretical Best
Healthcare Medical
$3.43M
$3.00M – $4.00M
NOI $240,123 @ 7.0% cap · market cap 34.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
Demographics for 72904, AR
22,402
Population
8,406
Households
2.7
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
13.7 sq mi
ZIP Area
1,635
Density / Sq Mi
$40,357
Median Household Income
$28,519
Median Earnings
$817
Median Rent
$108,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - I-1 zoning accommodates light manufacturing, office, and limited retail or service uses.
Where is this mixed-use property located?
The property is located at 3827 Midland Blvd Fort Smith, AR.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 16,123 SF freestanding mixed‑use building; I‑1 zoning supports light manufacturing, office, and limited retail or service uses; Approximately 13,000 vehicles per day on Midland Boulevard
