Building Details

Year Built 1995

Listing Agency: Simplicity Real Estate Solutions

Listed By: Jacklyn Perry · License #EB00056958 Show Phone

Source: Thebesthomeprice

Added: Sep 16 Changed: Oct 26 Last Checked: Oct 7 at 4:27PM

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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 Simplicity Real Estate Solutions

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Investment Insights

Based on property information with market context.

Located at 3904 Ayers Rd in Fort Smith, this 13,964-square-foot flex space combines office areas with warehouse space in a single facility. Built in 1995, the property includes three-phase electric service, LED lighting, and HVAC that has been checked. The layout is suited to businesses requiring both administrative space and functional operational areas.

The property offers convenient access to major thoroughfares and ample parking. A survey and Phase I environmental assessment have been completed, providing additional documentation for evaluation. The facility is presented as ready for occupancy and can support distribution, service operations, light manufacturing, or regional headquarters functions.

Key Highlights

• 13,964‑square‑foot office and warehouse flex property
• 3 phase electric service
• LED lighting throughout the facility

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,481

Cap Rate

7.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,509,620 $1.5M

Cap Rate 7%

$1,078,300 $1.1M

Cap Rate 9%

$838,678 $838.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 13,964 SF

Gross rent

$125.7K $9.00/SF

− Vacancy

−$9.6K −$0.68/SF

EGI

$116.1K $8.32/SF

− OpEx

−$40.6K −$2.91/SF

NOI

$75.5K $5.41/SF

Area

Sebastian County, AR

Vacancy

7.60%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,509,620

Cap Rate 7%

$1,078,300

Cap Rate 9%

$838,678

Alternative Uses

Best Use

Flex RnD

$1.08M

$943.5K – $1.26M (±1% cap)

NOI $75,481 @ 7.0% cap · market cap 7.99%

Second Best

Warehouse

$911.6K

$797.6K – $1.06M (±1% cap)

NOI $63,810 @ 7.0% cap · market cap 6.75%

Theoretical Best

Healthcare Medical

$2.97M

$2.60M – $3.47M (±1% cap)

NOI $207,969 @ 7.0% cap · market cap 22.01%

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

Canteen Vending Services Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Spa & Massage Center Electrical Service

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

Location Intelligence

Trade Area within ½ mile

176

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 72908, AR

14,310

Population

6,374

Households

2.2

Avg Household Size

38

Median Age

30%

College-Educated

92%

High-School Grad

7.7 sq mi

ZIP Area

1,858

Density / Sq Mi

$68,697

Median Household Income

$43,234

Median Earnings

$886

Median Rent

$181,600

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 - Three-phase power, LED lighting, and recently checked HVAC support immediate business operations.

Where is this flex space located?

The property is located at 3904 Ayers Rd Fort Smith, AR.

What is the asking price?

The asking price for this property is $945,000.

What are key features of this property?

This property features: 13,964‑square‑foot office and warehouse flex property; 3 phase electric service; LED lighting throughout the facility