Flex Space with
7423 Highway 271, Fort Smith, AR 72908
For Sale
$274,900
Commercial, Fort Smith, AR
Property Size4,500 SF
Lot Size0.46 Acres
Price / SF$61.01
Days on Market271
Property Features for 7423 Highway 271
General Information
Property type
Property subtype
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Building Details
Flooring type
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
Listed By:
The Grinnell Group
(479) 434-3000
Added: Feb 17
Changed: Oct 18
Last Checked: Nov 13 at 11:06PM
MLS# 1087115
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex space combines a front commercial area configured for retail, office, or restaurant use with a drive-through window. The rear portion includes warehouse space and office accommodations, providing a mix of customer-facing and operational areas. A fenced side yard adds enclosed exterior space, while ceramic tile and concrete flooring are installed within the building. Cooling is provided by window units.
The property is located at 7423 Highway 271 in Fort Smith, Arkansas, within ZIP code 72908.
The property is located at 7423 Highway 271 in Fort Smith, Arkansas, within ZIP code 72908.
Key Highlights
- Drive‑through window serving the front commercial area
- Rear warehouse space with office area
- Front area supports retail, office, or restaurant use
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
Who owns this building?
See the owner, sales and loan history
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
$181,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Fort Smith, AR
Properties on Market for Flex space in Fort Smith
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Front commercial area includes a drive-through window and rear warehouse space with office support.
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: Drive‑through window serving the front commercial area; Rear warehouse space with office area; Front area supports retail, office, or restaurant use
