Office/Warehouse Flex
New
For Sale
$124,000
5420 S 28th ST, Fort Smith, AR 72901
COMMERCIAL - Fort Smith, AR
Property Size800 SF
Lot Size0.32 Acres
Price / SF$155
Days on Market5
Property Features for 5420 S 28th ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Directions
From I-540 and Rogers Ave, head South on I-540, continue for 3 miles, take exit 11 onto Zero St., AR-255, turn right on S Zero St., continue for 0.5 miles, turn right onto South 28th St., about 600' destination is on your left. 5420 S 28th St., FSM 72901
Standard status
Active
APN
17162-0006-00009-00
Size
800 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
LOT 6A BLK 9
Tax Annual Amount
454
Legal Description
LOT 6A BLK 9
Listing Agency:
McGraw REALTORS
(479) 226-3931
Listed By:
Allison Gibson
(479) 226-3931
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 2:06PM
MLS# 1090690
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 800 SF office/warehouse flex space is offered for sale in Fort Smith, Arkansas. The property includes both office and warehouse functionality within a single building, situated on a 0.32-acre corner lot.
Located at 5420 S 28th St in Sebastian County, the site is positioned to support convenient access associated with a centrally located parcel. The property is zoned Industrial, aligning it with manufacturing, warehousing, and related uses under applicable local regulations.
The space is configured as a combined office and warehouse, providing a practical footprint for businesses needing both work space and storage within one location.
Located at 5420 S 28th St in Sebastian County, the site is positioned to support convenient access associated with a centrally located parcel. The property is zoned Industrial, aligning it with manufacturing, warehousing, and related uses under applicable local regulations.
The space is configured as a combined office and warehouse, providing a practical footprint for businesses needing both work space and storage within one location.
Key Highlights
- 800 SF office/warehouse space in Fort Smith, Arkansas
- Set on a 0.32‑acre corner lot
- Centrally positioned for accessibility
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 | $11.5k | $14.40 |
| − Vacancy | −$864 | −$1.08 |
| EGI | $10.7k | $13.32 |
| − OpEx | −$2.7k | −$3.33 |
| NOI | $8.0k | $9.99 |
800 SF · lease $14.40/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$114.2K
$99.9K – $133.2K
NOI $7,992 @ 7.0% cap · market cap 6.45%
Second Best
Flex RnD
$61.8K
$54.1K – $72.1K
NOI $4,324 @ 7.0% cap · market cap 3.49%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - An 800 SF office/warehouse on a centrally located corner lot, zoned Industrial.
Where is this flex space located?
The property is located at 5420 S 28th ST 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: 800 SF office/warehouse space in Fort Smith, Arkansas; Set on a 0.32‑acre corner lot; Centrally positioned for accessibility
