Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    703-705 Rogers Ave Fort Smith, AR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Historic building in vibrant downtown area, suitable for modern business.

    Type:RETAIL
    Property size:
    5,050 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $59/SF
    Added:
    Oct 3, 2025
    Days on Market:
    214
    Last Refresh:
    Apr 5 at 10:39 pm

    Property Features for 703-705 Rogers Ave

    General Information

    Standard status
    Active
    Size
    5,050 SF
    Lot size
    0.06 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 703-705 Rogers Ave Contact us

    We can help!

    Listing Contact
    Dodge Mendenhall

    Listing agent Dodge Mendenhall

    Listing office Seiter & Wright Commercial Properties

    Listing date Oct 3, 2025

    Source Moodyscre

    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 Seiter & Wright Commercial Properties

    Overview

    Downtown Fort Smith Commercial Property

    Located in the historic Fort Smith Downtown Entertainment District, this two-story commercial property offers a blank canvas for business ventures. The building features exposed original brick, soaring ceilings, and a wide-open floor plan of 5,050 square feet. Its location is directly across from the Fort Smith Convention Center and Wyndham Hotel. The property is suited for mixed-use opportunities, allowing for the establishment of a modern business in the historically rich and vibrant Downtown Fort Smith area. Neighboring tenants include the Fort Smith Convention Center, Wyndham Hotel, The Bakery District, Courtyard by Marriott, the Arkansas Department of Human Services, First National Bank of Fort Smith HQ, Sebastian County Courthouse, and the ArcBest Corporation Performing Arts Center. An adjoining 2,525 square foot building is also available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.4248
    Latitude
    35.3858

    Nearby Similar for Sale

    • $750,000
      4,815 SF

      Established Fort Smith Commercial Property

      Long-standing service station and convenience store with strong community presence.
      3525 Grand AVE, Fort Smith, AR 72904
      View Details
    • $595,000
      2,827 SF

      High-Visibility Commercial Property in Fort Smith

      Well-maintained commercial property with office and shop space on busy corridor.
      6320 S Highway 271, Fort Smith, AR 72908
      View Details
    • $499,000
      10,112 SF

      Versatile Commercial Property with Income

      Two buildings plus cell tower on 1.09 acres.
      4301 S 16th ST, Fort Smith, AR 72901
      View Details
    • $599,000
      2,818 SF

      Corner Commercial Property in Fort Smith

      High-traffic commercial property with leasing income and development potential.
      2700 Grand AVE, Fort Smith, AR 72901
      View Details
    • $259,900
      4,924 SF

      Fort Smith Commercial Building

      Commercial building suitable for office, service, and retail businesses.
      2800 N 50th ST, Fort Smith, AR 72904
      View Details
    • $1.00
      5,091 SF

      Fort Smith Commercial Building Auction

      Income-producing commercial building and development-ready properties for sale at auction.
      2011 N 6th ST, Fort Smith, AR 72904
      View Details
    • $1,099,999
      5,095 SF

      Compound-Style Property with Shop

      Rare compound featuring a residence and climate-controlled shop.
      2201 N 58th ST, Fort Smith, AR 72904
      View Details
    • $299,500
      2,800 SF

      Fort Smith Office Building For Sale

      2800 sq ft office building on Greenwood Ave.
      321 N Greenwood AVE, Fort Smith, AR 72901
      View Details
    • $945,000
      13,964 SF

      Versatile Office/Warehouse Property For Sale

      Functional office and warehouse space suitable for various business operations.
      3904 Ayers RD, Fort Smith, AR 72908
      View Details
    • $164,000
      1,500 SF

      Fort Smith Commercial Property

      Office and warehouse space with covered docks and convenient location.
      2900 N O ST, Fort Smith, AR 72901
      View Details
    • $950,000
      27,000 SF

      Fort Smith Warehouse with Office

      Warehouse with office space and multiple access points for sale.
      320 S 9th ST, Fort Smith, AR 72901
      View Details
    • $274,900
      4,506 SF

      Mixed-Use Building with Drive-Thru

      4506 SF commercial building with retail, office, and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details

    FAQs

    What type of property is this?
    Retail space - Historic building in vibrant downtown area, suitable for modern business.
    Where is this retail space located?
    The property is located at 703-705 Rogers Ave Fort Smith, AR.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Prime location directly across from the Fort Smith Convention Center and Wyndham Hotel.; Large, open floor plan of **5,050 square feet**.; Located in the historically rich and vibrant Downtown Fort Smith Entertainment District.
    (479) 785-4343 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dodge Mendenhall
    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

    703-705 Rogers Ave, Fort Smith, AR

    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!