Mixed-Use Warehouse with
New
For Sale
$650,000
700 N 31st Street, Fort Smith, AR 72901
Renovated warehouse space includes a separate apartment, production enclosure, and dedicated areas for storage and staff use.
Property Size14,470 SF
Price / SF$44.92
Days on Market2
Property Features for 700 N 31st Street
General Information
Standard status
Active
Size
14,470 SF
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
19 ft
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Property Use
Warehouse
Amenities
breakroom
full kitchen
security camera system
fire alarm system
Building Details
Buildings
1
Building Size
14,470 SF
Construction
brick
Listing Agency:
Weichert, REALTORS - The Griffin Company
(479) 242-4000
Listed By:
Angel Clifton · License #SA00090911
(479) 208-3716
Source:
Assurancerealtyfsm
Added: Nov 3
Last Checked: Nov 3 at 4:47AM
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 Weichert, REALTORS - The Griffin Company
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Investment Insights
Based on property information with market context.
This 14,470-square-foot brick warehouse combines an open industrial floor with a separate, renovated two-bedroom apartment. The warehouse has 19-foot ceilings, three-phase electric, five motorized doors, wood shelving, LED lighting, five mini-split systems, and two gas heaters. A climate-controlled production enclosure has 6-inch spray-foam insulation, dedicated 20-amp circuits at each receptacle, and a 2-ton mini-split. Two storage rooms have roll-up doors, with access from both inside and outside the building. Staff amenities include a climate-controlled breakroom with a full kitchen, washer and dryer, and a separate full bathroom.
The apartment has its own exterior entrance, R-19 wall insulation, a living room, a flex room, and a full bathroom with a walk-in tile shower. Each room has an individual mini-split. Exterior features include a fenced area, a newer TPO roof, security lighting, and camera coverage inside and outside the building. An interconnected fire alarm system is also installed.
The apartment has its own exterior entrance, R-19 wall insulation, a living room, a flex room, and a full bathroom with a walk-in tile shower. Each room has an individual mini-split. Exterior features include a fenced area, a newer TPO roof, security lighting, and camera coverage inside and outside the building. An interconnected fire alarm system is also installed.
Key Highlights
- 14,470‑square‑foot brick warehouse with 19‑foot ceilings
- Three‑phase electric and five motorized doors
- Production enclosure with 6‑inch spray‑foam insulation and dedicated 20‑amp circuits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,454
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,080
$1.1M
Cap Rate 7%
$777,914
$777.9K
Cap Rate 9%
$605,044
$605.0K
Market Conditions
NOI Build-Up for 14,470 SF
Gross rent
$86.8K $6.00/SF
− Vacancy
−$9.0K −$0.62/SF
EGI
$77.8K $5.38/SF
− OpEx
−$23.3K −$1.61/SF
NOI
$54.5K $3.76/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,080
Cap Rate 7%
$777,914
Cap Rate 9%
$605,044
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,555 @ 7.0% cap · market cap 22.24%
Second Best
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,286 @ 7.0% cap · market cap 18.81%
Theoretical Best
Healthcare Medical
$3.08M
$2.69M – $3.59M
NOI $215,505 @ 7.0% cap · market cap 33.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
19 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated warehouse space includes a separate apartment, production enclosure, and dedicated areas for storage and staff use.
Where is this mixed-use property located?
The property is located at 700 N 31st Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 14,470‑square‑foot brick warehouse with 19‑foot ceilings; Three‑phase electric and five motorized doors; Production enclosure with 6‑inch spray‑foam insulation and dedicated 20‑amp circuits
