Restored Office Building in
For Sale
Contact for pricing
8000 Taylor Ave, Fort Smith, AR 72916
Remodeled office with historic charm and modern amenities.
Property Size9,880 SF
Lot Size2.93 Acres
Price / SF$192.31
Days on Market182
Property Features for 8000 Taylor Ave
General Information
Standard status
Active
Size
9,880 SF
Class
A
Lot size
2.93 Acres
Property subtype
Office
Zoning
PZD
Investment Type
Owner/User
Building Details
Year Built
1937
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed By:
Josh Karsten · License #AB00079644
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 18 at 7:59PM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
The property at 8000 Taylor Avenue is a restored building dating back to 1937, fully remodeled in 2020. Located in the Chaffee Historic District, this office building combines historic charm with modern efficiency. The layout is designed to support various professional uses, featuring a reception area, a conference room, 10 private offices, and a large open bullpen area that currently accommodates 30 desks. A large training room provides space for presentations, training, and team development. Additional workstations and a large break area offer convenience for employees. The building includes two multi-stall ADA restrooms and two single ADA restrooms. Modern upgrades include a fire and security alarm, a battery backup system, and a Kohler backup generator. Motion-activated lights are installed throughout the building. Situated on a 2.93-acre site, the property has 47 parking spaces and a large fenced gravel lot. The building size is 9880 square feet.
Key Highlights
- Fully remodeled in 2020, blending historic charm with modern efficiency.
- Large open bullpen area accommodating 30 desks, plus 10 private offices and a training room.**
- Located in Chaffee 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
$98,701
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
5.19%
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%
$1,974,020
$2.0M
Cap Rate 7%
$1,410,014
$1.4M
Cap Rate 9%
$1,096,678
$1.1M
Market Conditions
NOI Build-Up for 9,880 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
$142.3K $14.40/SF
− Vacancy
−$10.7K −$1.08/SF
EGI
$131.6K $13.32/SF
− OpEx
−$32.9K −$3.33/SF
NOI
$98.7K $9.99/SF
Area
Sebastian County, AR
Vacancy
7.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,974,020
Cap Rate 7%
$1,410,014
Cap Rate 9%
$1,096,678
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.65M
NOI $98,701 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$2.10M
$1.84M – $2.45M
NOI $147,145 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled office with historic charm and modern amenities.
Where is this office building located?
The property is located at 8000 Taylor Ave Fort Smith, AR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Fully remodeled in 2020, blending historic charm with modern efficiency.; Large open bullpen area accommodating 30 desks, plus 10 private offices and a training room.**; Located in Chaffee Historic District.
