Standalone Office
410 Lexington Avenue Fort Smith, AR 72901
410 Lexington Avenue, Fort Smith, AR, 72901
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For Sale
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Standalone office building with seven offices, conference room, two kitchenettes, and two bathrooms on two utility meters.
Property Size2,988 SF
Price / SF$108.77
Days on Market34
Property Features for 410 Lexington Avenue
General Information
- Standard status
- Active
- Size
- 2,988 SF
- Property subtype
- Office
Listing agency
Seiter & Wright Commercial Properties
(479) 785-4343
Listed by
Jackson Mendenhall, CCIM · License #AR AB00084436
Source
Crexi
Added: Jun 19 Updated: Jul 21 at 4:44PM Checked: Jul 21 at 4:44PM
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 Seiter & Wright Commercial Properties
Investment Insights
Based on property information with market context.
This standalone office building totals 2,988 square feet on a 14,000 square foot lot. The interior is configured with seven offices, a conference room, two kitchenettes, two bathrooms (including one with a shower), and ample storage. The property is set up on two utility meters, creating the ability to split the building between two users.
The building is located on Lexington Avenue, approximately two blocks from Rogers Avenue. Nearby businesses include Baptist Health Hospital, Immaculate Conception School, El Lorito Mexican Restaurant, Brent Hall Attorney at Law, and Vaughn's Pharmacy.
As currently arranged, the layout supports multiple private office configurations along with shared common space such as the conference room, providing a practical fit for professional users who need separate rooms and storage.
The building is located on Lexington Avenue, approximately two blocks from Rogers Avenue. Nearby businesses include Baptist Health Hospital, Immaculate Conception School, El Lorito Mexican Restaurant, Brent Hall Attorney at Law, and Vaughn's Pharmacy.
As currently arranged, the layout supports multiple private office configurations along with shared common space such as the conference room, providing a practical fit for professional users who need separate rooms and storage.
Key Highlights
- Standalone office building with 2,988 SF on a 14,000 SF lot on Lexington Avenue
- Interior layout includes 7 offices, a conference room, 2 kitchenettes, and 2 bathrooms (one with shower)
- Ample storage throughout the building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $14.40 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $39.8k | $13.32 |
| − OpEx | −$10.0k | −$3.33 |
| NOI | $29.9k | $9.99 |
2,988 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$426.4K
$373.1K – $497.5K
NOI $29,850 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$635.7K
$556.3K – $741.7K
NOI $44,501 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Burris Appraisal Co ...
Real Estate Agency
Orion Consulting Inc
Business Management Consultant
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FAQs
What type of property is this?
Office units - Standalone office building with seven offices, conference room, two kitchenettes, and two bathrooms on two utility meters.
Where is this office units located?
The property is located at 410 Lexington Avenue Fort Smith, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Standalone office building with 2,988 SF on a 14,000 SF lot on Lexington Avenue; Interior layout includes 7 offices, a conference room, 2 kitchenettes, and 2 bathrooms (one with shower); Ample storage throughout the building
