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 Market44
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) 926-6759
Listed By:
The Grinnell Group
(479) 926-6759
Source:
Assurancerealtyfsm
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 = 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
$24,357
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
8.86%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
