Corner-Lot Flex
For Sale
$124,000
5420 S 28th Street, Fort Smith, AR 72901
Office and warehouse functions combined in a Fort Smith commercial property.
Property Size800 SF
Lot Size0.32 Acres
Price / SF$155
Days on Market62
Property Features for 5420 S 28th Street
General Information
Standard status
Active
Size
800 SF
Lot size
0.32 Acres
Listing Agency:
McGraw REALTORS
(479) 226-3931
Listed By:
Allison Gibson
(479) 222-4406
Source:
Assurancerealtyfsm
Added: Aug 17
Changed: Oct 13
Last Checked: Oct 16 at 8:18AM
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 McGraw REALTORS
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Investment Insights
Based on property information with market context.
This flex space includes 800 square feet arranged for office and warehouse use. The property sits on a 0.32-acre corner lot at 5420 S 28th Street in Fort Smith, Arkansas. The offering combines the building and land in a compact commercial property suited to its flex-space classification.
Key Highlights
- 800sf office/warehouse space
- 0.32‑acre corner lot
- 5420 S 28th Street, Fort Smith, AR 72901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,324
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$86,480
$86.5K
Cap Rate 7%
$61,771
$61.8K
Cap Rate 9%
$48,044
$48.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$7.2K $9.00/SF
− Vacancy
−$547 −$0.68/SF
EGI
$6.7K $8.32/SF
− OpEx
−$2.3K −$2.91/SF
NOI
$4.3K $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%
$86,480
Cap Rate 7%
$61,771
Cap Rate 9%
$48,044
Alternative Uses
Best Use
Flex RnD
$61.8K
$54.1K – $72.1K
NOI $4,324 @ 7.0% cap · market cap 3.49%
Second Best
Industrial
$43.0K
$37.6K – $50.2K
NOI $3,011 @ 7.0% cap · market cap 2.43%
Theoretical Best
Healthcare Medical
$170.2K
$148.9K – $198.6K
NOI $11,915 @ 7.0% cap · market cap 9.61%
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
539
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse functions combined in a Fort Smith commercial property.
Where is this flex space located?
The property is located at 5420 S 28th Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $124,000.
What are key features of this property?
This property features: 800sf office/warehouse space; 0.32‑acre corner lot; 5420 S 28th Street, Fort Smith, AR 72901
