Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5618 Towson AVE Fort Smith, AR 72901

    View on Map
    Claim this Listing
    For Lease
    $1,999/Mo $14 SF/Yr (calc)

    COMMERCIAL - Fort Smith, AR

    Type:Retail
    Property size:
    1,666 SF
    Added:
    Apr 24, 2026
    Days on Market:
    13
    Last Refresh:
    May 6 at 8:06 am

    Property Features for 5618 Towson AVE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Size
    1,666 SF

    Taxes and HOA fees

    Tax Annual Amount
    250

    We can help!

    Listing Contact
    Mason Shirey

    Listing agent Mason Shirey License #AB00071498

    Listing office Jimmy Bell Real Estate 1031 Fayetteville Rd., Van Buren, AR

    Listing date Apr 24, 2026

    MLS# 1088654

    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.

    Property Profile Insight Report Location Intelligence

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.423449
    Latitude
    35.330964

    Nearby Similar for Lease

    • $3,750/Mo

      Fort Smith Flex Space Available

      New 4460 SF flex space near I-540.
      4600 Unit 5 Regions Park DR, Fort Smith, AR 72916
      View Details
    • $2,850/Mo

      Fort Smith Flex Space Available

      New 3325 SF flex space near I-540.
      4600 Unit 6 Regions Park DR, Fort Smith, AR 72916
      View Details
    • $3,750/Mo

      Fort Smith Flex Space Available

      New 4460 SF flex space near I-540.
      4600 Unit 4 Regions Park DR, Fort Smith, AR 72916
      View Details
    • $59,347 SF/Yr

      Versatile Office/Warehouse Space Available

      Functional office and warehouse space for lease in Fort Smith.
      3904 Ayers RD, Fort Smith, AR 72908
      View Details
    • $20,999 SF/Yr

      Chaffee Crossing Office and Warehouse

      Office and warehouse spaces available in high-demand commercial area.
      7501 Veterans AVE, Fort Smith, AR 72916
      View Details
    • $4 SF/Yr

      Auto Repair Garage For Rent

      Well-known auto repair garage with 9 bays for rent.
      1100 S O Street, Fort Smith, AR 72901
      View Details
    • $150,000 SF/Yr

      Fort Smith Commercial Building

      Commercial building in Fort Smith with leasing options.
      310 Towson AVE, Fort Smith, AR 72901
      View Details
    • $12 SF/Yr

      Versatile Commercial Space Near Rogers Avenue

      1,874 SF commercial space suitable for various business types.
      500 S 20th Street, Fort Smith, AR 72901
      View Details
    • $3,000/Mo

      Fort Smith Commercial Space Available

      4980 SF flex space with warehouse and office components.
      918 Wheeler AVE, Fort Smith, AR 72901
      View Details
    • $2,300/Mo

      Remodeled Office Space in Fort Smith

      Remodeled 3100 SF office space in historic district.
      7405 Terry ST, Fort Smith, AR 72916
      View Details
    • $56,952 SF/Yr

      Fort Smith Auto Repair Garage

      Large auto repair garage with 9 bays for lease.
      1100 S O ST, Fort Smith, AR 72901
      View Details
    • $57,600 SF/Yr

      Fort Smith Warehouse for Lease

      12,000 SF warehouse in Fort Smith for lease.
      5703 Steep Hill, Fort Smith, AR 72916
      View Details

    FAQs

    Where is this property located?
    The property is located at 5618 Towson AVE Fort Smith, AR.
    What is the lease rate?
    The lease rate is $1,999 /Mo.
    (479) 474-9200
    We can help!
    Listing Contact
    Mason Shirey
    Real Estate License ID: AB00071498
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5618 Towson AVE, Fort Smith, AR 72901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!