Remodeled Flex Space with Secured
New
For Sale
Contact for pricing
5005 Old Greenwood Rd, Fort Smith, AR 72903
Remodeled improvements include office, warehouse, loading, and secured outdoor storage areas.
Property Size8,300 SF
Price / SF$100
Days on Market6
Property Features for 5005 Old Greenwood Rd
General Information
Standard status
Active
Size
8,300 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
6,100 SF
Office Build-Out
2,200 SF
Dock-High Doors
1
Amenities
conference room
reception
private offices
work space
break room
bathrooms
Building Details
Building Size
8,300 SF
Listing Agency:
Seiter & Wright Commercial Properties
(479) 785-4343
Listed By:
Jackson Mendenhall · License #AB00084436
(479) 785-4343
Source:
Moodyscre
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 10:22AM
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 flex space combines approximately 8,300 square feet of improvements, including 6,100 square feet of warehouse area and 2,200 square feet of office space. The office layout includes a conference room, reception area, three private offices, workspace, break room, and two bathrooms. Warehouse access includes one 12-foot dock door and two 14-foot automatic roll-up doors. The property also features a large fenced and secured yard for exterior storage and use, along with a fresh remodel and new roof.
The property is located at 5005 Old Greenwood Rd in Fort Smith, seconds from Interstate 540. Old Greenwood Road averages 18,000 vehicles per day, with McDonald’s and Chick-fil-A directly across the road. Neighboring businesses include Luther Stem Pools, AutoPlex Collision, Arcadia Roofing, Michael Collins PA, Fort Smith Industrial Supply, the IRS Office, and U-Storage. Fort Smith Pavilion Shopping Center, anchored by Target, is half a mile away.
The property is located at 5005 Old Greenwood Rd in Fort Smith, seconds from Interstate 540. Old Greenwood Road averages 18,000 vehicles per day, with McDonald’s and Chick-fil-A directly across the road. Neighboring businesses include Luther Stem Pools, AutoPlex Collision, Arcadia Roofing, Michael Collins PA, Fort Smith Industrial Supply, the IRS Office, and U-Storage. Fort Smith Pavilion Shopping Center, anchored by Target, is half a mile away.
Key Highlights
- Approximately 8,300 square feet with 6,100 square feet of warehouse and 2,200 square feet of office space
- One 12' dock door and two 14' automatic roll‑up doors
- Large fenced and secured yard for exterior storage and use
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
$44,865
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
5.41%
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%
$897,300
$897.3K
Cap Rate 7%
$640,929
$640.9K
Cap Rate 9%
$498,500
$498.5K
Market Conditions
NOI Build-Up for 8,300 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
$74.7K $9.00/SF
− Vacancy
−$5.7K −$0.68/SF
EGI
$69.0K $8.32/SF
− OpEx
−$24.2K −$2.91/SF
NOI
$44.9K $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%
$897,300
Cap Rate 7%
$640,929
Cap Rate 9%
$498,500
Alternative Uses
Best Use
Office B
$1.18M
$1.04M – $1.38M
NOI $82,917 @ 7.0% cap · market cap 9.99%
Second Best
Flex RnD
$640.9K
$560.8K – $747.8K
NOI $44,865 @ 7.0% cap · market cap 5.41%
Theoretical Best
Healthcare Medical
$1.77M
$1.55M – $2.06M
NOI $123,614 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Remodeled improvements include office, warehouse, loading, and secured outdoor storage areas.
Where is this flex space located?
The property is located at 5005 Old Greenwood Rd Fort Smith, AR.
What is the asking price?
The asking price for this property is $830,000.
What are key features of this property?
This property features: Approximately 8,300 square feet with 6,100 square feet of warehouse and 2,200 square feet of office space; One 12' dock door and two 14' automatic roll‑up doors; Large fenced and secured yard for exterior storage and use
