Versatile Industrial Building with
For Sale
Contact for pricing
Pending
3904 Ayers Rd, Fort Smith, AR 72908
Expansive industrial property with office space and essential amenities.
Property Size13,964 SF
Days on Market967
Property Features for 3904 Ayers Rd
General Information
Standard status
Pending
Size
13,964 SF
Class
B
Property subtype
Industrial
Zoning
Industrial
Lease Type
Net
Building Details
Year Built
1990
Year Renovated
2018
Stories
1
Listing Agency:
Simplicity Real Estate Solutions
Listed By:
Jacklyn Perry · License #AR EB00056958
(479) 935-3844
Source:
Crexi
Added: Jan 13, 2024
Changed: Aug 16
Last Checked: Aug 29 at 8:14PM
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
Investment Insights
Based on property information with market context.
Located on the southeast corner of Ayers & Ball Road, this expansive property features a total area of 13,964 square feet. The building includes 2,500 square feet of dedicated office space with natural light. It features three ADA-compliant restrooms, ensuring convenience and accessibility. For operations, the building is equipped with a 12 x 14 grade-level overhead door, complemented by an additional indoor overhead door, facilitating movement of goods and equipment. A double door entry on the side enhances accessibility and operational efficiency. Furthermore, the building boasts 3-phase electric, catering to the demands of industrial operations. This versatile industrial building offers the perfect canvas to realize business goals.
Key Highlights
- Expansive 13,964 sq ft property suitable for various business needs.
- Boasts 2,500 sq ft of dedicated office space with natural light.
- Equipped with a 12 x 14 grade level overhead door and an additional indoor overhead door.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,481
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,509,620
$1.5M
Cap Rate 7%
$1,078,300
$1.1M
Cap Rate 9%
$838,678
$838.7K
Market Conditions
NOI Build-Up for 13,964 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $75,481 @ 7.0% cap · market cap 8.16%
Second Best
Industrial
$750.7K
$656.9K – $875.8K
NOI $52,549 @ 7.0% cap · market cap 5.68%
Theoretical Best
Healthcare Medical
$2.97M
$2.60M – $3.47M
NOI $207,969 @ 7.0% cap · market cap 22.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Expansive industrial property with office space and essential amenities.
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 $925,000.
What are key features of this property?
This property features: Expansive 13,964 sq ft property suitable for various business needs.; Boasts 2,500 sq ft of dedicated office space with natural light.; Equipped with a 12 x 14 grade level overhead door and an additional indoor overhead door.
