Flex Space with
For Sale
$274,900
7423 Highway 271, Fort Smith, AR 72908
Hybrid commercial building combines front-of-house space, rear warehouse functionality, and a fenced side yard.
Property Size4,500 SF
Price / SF$61.01
Days on Market90
Property Features for 7423 Highway 271
General Information
Standard status
Active
Size
4,500 SF
Property subtype
CommercialSale
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Building Size
4,500 SF
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
The Grinnell Group
(479) 926-6759
Source:
Assurancerealtyfsm
Added: Jul 16
Changed: Oct 4
Last Checked: Oct 12 at 8:09PM
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 Keller Williams Platinum Realty
Investment Insights
Based on property information with market context.
This 4,506-square-foot flex property combines customer-facing and operational areas within one commercial building. The front includes 1,500 square feet configured for retail, office, or restaurant use, along with a drive-through window. Warehouse space and additional office space occupy the rear, creating a practical blend of public-facing and back-of-house functions.
A fenced side yard adds secured exterior space to the property. The building is located at 7423 Highway 271 in Fort Smith, Arkansas.
A fenced side yard adds secured exterior space to the property. The building is located at 7423 Highway 271 in Fort Smith, Arkansas.
Key Highlights
- 4,506‑square‑foot flex building
- 1,500 square feet of front retail, office, or restaurant space
- Drive‑through window at the front of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,357
Cap Rate
8.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,140
$487.1K
Cap Rate 7%
$347,957
$348.0K
Cap Rate 9%
$270,633
$270.6K
Market Conditions
NOI Build-Up for 4,506 SF
Gross rent
$40.6K $9.00/SF
− Vacancy
−$3.1K −$0.68/SF
EGI
$37.5K $8.32/SF
− OpEx
−$13.1K −$2.91/SF
NOI
$24.4K $5.41/SF
Area
Sebastian County, AR
Vacancy
7.60%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,140
Cap Rate 7%
$347,957
Cap Rate 9%
$270,633
Alternative Uses
Best Use
Specialty Retail
$676.4K
$591.8K – $789.1K
NOI $47,347 @ 7.0% cap · market cap 17.22%
Second Best
Office B
$643.1K
$562.7K – $750.3K
NOI $45,015 @ 7.0% cap · market cap 16.38%
Theoretical Best
Healthcare Medical
$958.7K
$838.9K – $1.12M
NOI $67,109 @ 7.0% cap · market cap 24.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Hybrid commercial building combines front-of-house space, rear warehouse functionality, and a fenced side yard.
Where is this flex space located?
The property is located at 7423 Highway 271 Fort Smith, AR.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 4,506‑square‑foot flex building; 1,500 square feet of front retail, office, or restaurant space; Drive‑through window at the front of the building
