Mixed-Use Property with Living
New
For Sale
Contact for pricing
420 N Greenwood Avenue, Fort Smith, AR 72901
C-2 zoning and an upper-level residential area complement the ground-floor commercial space.
Property Size2,300 SF
Days on Market2
Property Features for 420 N Greenwood Avenue
General Information
Standard status
Active
Size
2,300 SF
Zoning
C-2
Additional Details
Condition
Move-in Ready
Mixed-Use Components
retail, residential
Listing Agency:
Looper Auction & Realty II, LLC
(479) 996-4848
Listed By:
Zack and Shawn Looper Team
(479) 883-7539
Source:
Assurancerealtyfsm
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:50AM
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 Looper Auction & Realty II, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 420 N Greenwood Avenue in Fort Smith combines a ground-floor commercial area with living quarters above. The lower level is described as suitable for retail, office, or service business use, while the upper space offers a residential component.
The property is zoned C-2, with the address on N Greenwood Avenue in Fort Smith, Arkansas.
The property is zoned C-2, with the address on N Greenwood Avenue in Fort Smith, Arkansas.
Key Highlights
- Ground‑floor commercial area with upper‑level living quarters
- C‑2 zoning
- Located at 420 N Greenwood Avenue in Fort Smith, Arkansas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,045
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,900
$360.9K
Cap Rate 7%
$257,786
$257.8K
Cap Rate 9%
$200,500
$200.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$27.6K $12.00/SF
− Vacancy
−$1.8K −$0.79/SF
EGI
$25.8K $11.21/SF
− OpEx
−$7.7K −$3.36/SF
NOI
$18.0K $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,900
Cap Rate 7%
$257,786
Cap Rate 9%
$200,500
Alternative Uses
Best Use
Mixed Use
$277.7K
$243.0K – $324.0K
NOI $19,437 @ 7.0% cap · market cap 1,943,700.00%
Second Best
Retail
$257.8K
$225.6K – $300.8K
NOI $18,045 @ 7.0% cap · market cap 1,804,500.00%
Theoretical Best
Healthcare Medical
$489.3K
$428.2K – $570.9K
NOI $34,254 @ 7.0% cap · market cap 3,425,400.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 29%
Home Improvements & Furnishings 16%
Electronics 4%
Taco Bell
Dining
16,958 visits/mo
0.5 miles
Hardee's
Dining
9,274 visits/mo
0.2 miles
Yeager Ace Hardware
Home Improvements & Furnishings
8,596 visits/mo
0.2 miles
Arvest Bank
Shops & Services
8,062 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
3,353 visits/mo
0.2 miles
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning and an upper-level residential area complement the ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 420 N Greenwood Avenue Fort Smith, AR.
What are key features of this property?
This property features: Ground‑floor commercial area with upper‑level living quarters; C‑2 zoning; Located at 420 N Greenwood Avenue in Fort Smith, Arkansas
