Flex Space with Event
New
For Sale
$1,999,950
5805 HWY 271, Fort Smith, AR 72908
Multi-use facility with offices, event support areas, warehouse space, and a natural gas generator.
Property Size35,719 SF
Days on Market7
Property Features for 5805 HWY 271
General Information
Standard status
Active
Size
35,719 SF
Property subtype
Warehouse
Building Details
Building Size
35,719 SF
Listing Agency:
Chuck Fawcett Realty, Inc.
(479) 285-3052
Listed By:
Chuck Fawcett · License #PB00012620
(479) 285-3052
Source:
1percentlistsarkansas
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 4:41AM
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 Chuck Fawcett Realty, Inc.
Investment Insights
Based on property information with market context.
This 35,719-square-foot flex property combines office, event, warehouse, and support areas within a 2.91-acre site. The building includes 5,160-square-foot, 7,553-square-foot, and 6,830-square-foot areas, along with 15 administrative, support, executive, or meeting rooms and a 25PP training room. A 4,700-square-foot commercial and catering kitchen/breakroom supports event operations, while the 3,149-square-foot in-house warehouse has two overhead doors, including one drive-in door and another designed for large trucks. The facility also includes multiple restroom groupings and a private executive restroom.
A KVW natural gas generator and approximately 265 existing internet and telephone connections support the property’s infrastructure. Site improvements include 150 parking spaces, lighting, security cameras, two private entrances, and a large double-sided electronic sign visible to reported daily traffic of 39,000. The configuration supports office, conference, showroom, retail, entertainment, sports, and special-event uses stated in the property information.
A KVW natural gas generator and approximately 265 existing internet and telephone connections support the property’s infrastructure. Site improvements include 150 parking spaces, lighting, security cameras, two private entrances, and a large double-sided electronic sign visible to reported daily traffic of 39,000. The configuration supports office, conference, showroom, retail, entertainment, sports, and special-event uses stated in the property information.
Key Highlights
- 35,719‑square‑foot flex property on 2.91 acres
- 5,160‑square‑foot, 7,553‑square‑foot, and 6,830‑square‑foot areas
- 4,700‑square‑foot commercial/catering kitchen and breakroom
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
$163,222
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
8.16%
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%
$3,264,440
$3.3M
Cap Rate 7%
$2,331,743
$2.3M
Cap Rate 9%
$1,813,578
$1.8M
Market Conditions
NOI Build-Up for 35,719 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
$214.3K $6.00/SF
− Vacancy
−$22.3K −$0.62/SF
EGI
$192.0K $5.38/SF
− OpEx
−$28.8K −$0.81/SF
NOI
$163.2K $4.57/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$3,264,440
Cap Rate 7%
$2,331,743
Cap Rate 9%
$1,813,578
Alternative Uses
Best Use
Office B
$5.10M
$4.46M – $5.95M
NOI $356,833 @ 7.0% cap · market cap 17.84%
Second Best
Retail
$4.00M
$3.50M – $4.67M
NOI $280,237 @ 7.0% cap · market cap 14.01%
Theoretical Best
Healthcare Medical
$7.60M
$6.65M – $8.87M
NOI $531,970 @ 7.0% cap · market cap 26.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72908, AR
14,310
Population
6,374
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
7.7 sq mi
ZIP Area
1,858
Density / Sq Mi
$68,697
Median Household Income
$43,234
Median Earnings
$886
Median Rent
$181,600
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 - Multi-use facility with offices, event support areas, warehouse space, and a natural gas generator.
Where is this flex space located?
The property is located at 5805 HWY 271 Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,999,950.
What are key features of this property?
This property features: 35,719‑square‑foot flex property on 2.91 acres; 5,160‑square‑foot, 7,553‑square‑foot, and 6,830‑square‑foot areas; 4,700‑square‑foot commercial/catering kitchen and breakroom
