Flex Space with Event
For Sale
$1,999,950
5805 S HWY 271, Fort Smith, AR 72908
COMMERCIAL - Fort Smith, AR
Property Size35,719 SF
Lot Size2.91 Acres
Price / SF$55.99
Days on Market24
Property Features for 5805 S HWY 271
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
On the corner of Hwy 271 South and Zero St.
Standard status
Active
APN
18883-0000-02566-00
Size
35,719 SF
Lot size
2.91 Acres
Taxes and HOA fees
Tax Description
PART NW1/4 NW1/4
Tax Annual Amount
23887
Legal Description
PART NW1/4 NW1/4
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
wired for sound
security cameras
site lighting
electronic signage
private entrances
natural gas generator
commercial kitchen
Listing Agency:
Chuck Fawcett Realty FSM
(479) 484-5588
Listed By:
Chuck Fawcett · License #PB00012620
(479) 484-5588
Added: Jul 13
Changed: Aug 4
Last Checked: Aug 5 at 11:06AM
MLS# 1090393
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 35,719-square-foot flex property combines office, event, support, and warehouse areas within a 2.91-acre site. The layout includes a reception area, five larger rooms measuring 5,160, 7,553, and 6,830 square feet, a 25PP training room, 15 administrative, support, executive, and meeting or conference rooms, plus approximately 265 internet and telephone connections. Central heating and central air are installed.
The property includes a 4,700-square-foot commercial and catering kitchen with breakroom space and a 3,149-square-foot interior warehouse. The warehouse has two overhead doors, including one drive-in door and another designed for large delivery trucks. A KVW natural gas generator provides 24/7 power, while site lighting, security cameras, and two private entrances support the improvements.
Additional features include 150 parking spaces, restrooms configured as 7/7, 3/3, and 2/2, a private executive restroom, and a mounted double-sided electronic sign serving traffic reported at 39,000 vehicles daily.
The property includes a 4,700-square-foot commercial and catering kitchen with breakroom space and a 3,149-square-foot interior warehouse. The warehouse has two overhead doors, including one drive-in door and another designed for large delivery trucks. A KVW natural gas generator provides 24/7 power, while site lighting, security cameras, and two private entrances support the improvements.
Additional features include 150 parking spaces, restrooms configured as 7/7, 3/3, and 2/2, a private executive restroom, and a mounted double-sided electronic sign serving traffic reported at 39,000 vehicles daily.
Key Highlights
- 35,719‑square‑foot flex property on 2.91 acres
- 4,700‑square‑foot commercial/catering kitchen and breakroom
- 3,149‑square‑foot interior warehouse with 2 overhead doors
Financial Insights For Warehouse
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 | $214.3k | $6.00 |
| − Vacancy | −$22.3k | −$0.62 |
| EGI | $192.0k | $5.38 |
| − OpEx | −$28.8k | −$0.81 |
| NOI | $163.2k | $4.57 |
35,719 SF · lease $6.00/SF/yr · vacancy 10.40% · expense 15.00%
Alternative Uses
Best Use
Office B
$5.10M
$4.46M – $5.95M
NOI $356,833 @ 7.0% cap · market cap 17.84%
Second Best
Flex RnD
$2.76M
$2.41M – $3.22M
NOI $193,075 @ 7.0% cap · market cap 9.65%
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
Lease Details
1
Drive-in doors
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
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Frequently Asked Questions
What type of property is this?
Flex space - Large flex property with office, event, kitchen, warehouse, signage, and substantial parking improvements.
Where is this flex space located?
The property is located at 5805 S 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; 4,700‑square‑foot commercial/catering kitchen and breakroom; 3,149‑square‑foot interior warehouse with 2 overhead doors
