Listing Agency: Moses Tucker Partners-Bentonville Branch b***@grubbellisar.com Show Phone

Listed By: Eric Nelson · License #AB00074278 Show Phone

Added: Sep 8 Changed: Oct 16 Last Checked: Oct 26 at 6:06AM

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MLS# 1361448

Copyright © 2026 ArkansasONE MLS. 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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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This freestanding flex space building contains 16,123 square feet on a 1.4429-acre site. The I-1 zoning supports light manufacturing, office functions, and limited retail or service operations. Additional acreage is available for expansion or redevelopment. The property is suited to an owner-user seeking a combination of industrial and office functionality.

Located on Midland Boulevard north of downtown Fort Smith, the site records approximately 13,000 vehicles per day and is 2 miles from I-540. Its surrounding industrial corridor includes Bachoco USA, International Paper, and Georgia-Pacific, placing the property among established industrial users with regional roadway access.

Key Highlights

• 16,123‑square‑foot freestanding commercial building
• 1.4429‑acre site with additional acreage for expansion or redevelopment
• I‑1 zoning supports light manufacturing, office, and limited retail or service operations

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

Is this asking price fair?

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

Flex RnD

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,151 @ 7.0% cap · market cap 12.54%

Second Best

Industrial

$866.8K

$758.4K – $1.01M (±1% cap)

NOI $60,674 @ 7.0% cap · market cap 8.73%

Theoretical Best

Healthcare Medical

$3.43M

$3.00M – $4.00M (±1% cap)

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

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Buddy's Home Furnishings Interior Design

Suggested Use

Top Pick Dental Office Building Supply Big Box & Wholesale Store Spa & Massage Center Pharmacy Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

229

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - I-1-zoned facility with office, light manufacturing, and limited retail or service use.

Where is this flex space located?

The property is located at 3827 Midland Boulevard 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‑square‑foot freestanding commercial building; 1.4429‑acre site with additional acreage for expansion or redevelopment; I‑1 zoning supports light manufacturing, office, and limited retail or service operations