Chaffee Crossing Warehouse
For Sale
Contact for pricing
7718 Fort Chaffee Blvd, Fort Smith, AR 72916
9,000+ SF climate-controlled warehouse with yard in historic district.
Property Size9,120 SF
Price / SF$57.57
Days on Market174
Property Features for 7718 Fort Chaffee Blvd
General Information
Standard status
Active
Size
9,120 SF
Class
B
Property subtype
Industrial
Zoning
PZD
Investment Type
Owner/User
Listing Agency:
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed By:
Tyler Teague · License #AR SA00079797
Source:
Crexi
Added: Feb 27
Changed: Aug 8
Last Checked: Aug 20 at 9:00AM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
Located within the Chaffee Crossing Historic District, this warehouse property at 7718 Chaffee Blvd offers over 9,000 square feet of climate-controlled space. The property includes a large yard suitable for storage. Updated plumbing, electrical systems, and ADA-compliant restrooms have been installed. This property is located in Fort Smith, AR.
Key Highlights
- Over 9,000 SF of climate‑controlled space
- Large yard for storage
- Located in the growing Chaffee Crossing Historic District
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
$41,675
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
7.94%
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%
$833,500
$833.5K
Cap Rate 7%
$595,357
$595.4K
Cap Rate 9%
$463,056
$463.1K
Market Conditions
NOI Build-Up for 9,120 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
$54.7K $6.00/SF
− Vacancy
−$5.7K −$0.62/SF
EGI
$49.0K $5.38/SF
− OpEx
−$7.4K −$0.81/SF
NOI
$41.7K $4.57/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$833,500
Cap Rate 7%
$595,357
Cap Rate 9%
$463,056
Alternative Uses
Best Use
Warehouse
$595.4K
$520.9K – $694.6K
NOI $41,675 @ 7.0% cap · market cap 7.94%
Second Best
Industrial
$490.3K
$429.0K – $572.0K
NOI $34,320 @ 7.0% cap · market cap 6.54%
Theoretical Best
Healthcare Medical
$1.94M
$1.70M – $2.26M
NOI $135,826 @ 7.0% cap · market cap 25.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72916, AR
10,250
Population
4,720
Households
2.2
Avg Household Size
41
Median Age
45%
College-Educated
92%
High-School Grad
37.7 sq mi
ZIP Area
272
Density / Sq Mi
$88,125
Median Household Income
$51,444
Median Earnings
$1,212
Median Rent
$257,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 9,000+ SF climate-controlled warehouse with yard in historic district.
Where is this warehouse located?
The property is located at 7718 Fort Chaffee Blvd Fort Smith, AR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Over 9,000 SF of climate‑controlled space; Large yard for storage; Located in the growing Chaffee Crossing Historic District
