Vacant Retail Space with Laundromat
For Sale
Contact for pricing
5618 Towson Avenue, Fort Smith, AR 72901
Storefront property with existing laundromat equipment and flexible retail use potential.
Property Size1,666 SF
Price / SF$1.20
Days on Market100
Property Features for 5618 Towson Avenue
General Information
Standard status
Active
Size
1,666 SF
Listing Agency:
Jimmy Bell Real Estate
(479) 474-9200
Listed By:
Mason Shirey · License #AB00071498
(479) 675-6669
Source:
Assurancerealtyfsm
Added: Jul 9
Changed: Oct 13
Last Checked: Oct 16 at 8:40AM
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 Jimmy Bell Real Estate
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Investment Insights
Based on property information with market context.
This approximately 1,666-square-foot retail space is currently vacant, with laundromat equipment remaining in place. The existing setup offers a defined commercial configuration for continued laundromat operations or another retail-oriented use, subject to applicable approvals.
The property is located on Towson Avenue in Fort Smith, Arkansas, providing a visible storefront presence along the avenue. The laundromat equipment is available separately, while the space is offered for sale.
The property is located on Towson Avenue in Fort Smith, Arkansas, providing a visible storefront presence along the avenue. The laundromat equipment is available separately, while the space is offered for sale.
Key Highlights
- Approximately 1,666 sqft of retail space
- Currently vacant with laundromat equipment still in place
- Located on Towson Avenue in Fort Smith, AR 72901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,420
$261.4K
Cap Rate 7%
$186,729
$186.7K
Cap Rate 9%
$145,233
$145.2K
Market Conditions
NOI Build-Up for 1,666 SF
Gross rent
$20.0K $12.00/SF
− Vacancy
−$1.3K −$0.79/SF
EGI
$18.7K $11.21/SF
− OpEx
−$5.6K −$3.36/SF
NOI
$13.1K $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%
$261,420
Cap Rate 7%
$186,729
Cap Rate 9%
$145,233
Alternative Uses
Best Use
Retail
$186.7K
$163.4K – $217.9K
NOI $13,071 @ 7.0% cap · market cap 653.88%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$354.5K
$310.2K – $413.5K
NOI $24,812 @ 7.0% cap · market cap 1,241.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
170k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 13%
Braum's Ice Cream & Dairy Stores
Dining
25,621 visits/mo
0.3 miles
McDonald's
Dining
25,039 visits/mo
0.5 miles
Wendy's
Dining
17,794 visits/mo
0.5 miles
Western Sizzlin
Dining
16,547 visits/mo
0.3 miles
Taco Bell
Dining
13,469 visits/mo
0.4 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Storefront property with existing laundromat equipment and flexible retail use potential.
Where is this retail space located?
The property is located at 5618 Towson Avenue Fort Smith, AR.
What are key features of this property?
This property features: Approximately 1,666 sqft of retail space; Currently vacant with laundromat equipment still in place; Located on Towson Avenue in Fort Smith, AR 72901
