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    Property profile & analytics

    4023 Spradling Ave Fort Smith, AR 72904

    • Retail properties
    • 1,222 SF
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Oct 12, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1494109
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 4023 Spradling Ave

    Lot size
    0.77 lot acres
    Property size
    1,222 SF
    Property type
    Retail properties
    APN
    12209-0014-00022-00
    APU
    1220900140002200

    Description

    This established Fort Smith meat market, located at 4023 Spradling Ave, presents a unique owner-user opportunity. Boasting over 40 years of community service, this single-story, 1,222 square foot retail space sits on a 0.42-acre lot (APN 12209-0014-00022-00) and is zoned C-2. The property includes a walk-in cooler and freezer, essential for the business's operations. Recent improvements include a new air conditioning system. All existing equipment is available for purchase, providing a seamless transition for the new owner. The building is classified as Class B and features excellent visibility and high traffic flow, ensuring continued success. This turnkey operation offers a strong foundation for continued growth within the thriving Fort Smith market. The property's single-unit structure simplifies management, while its established clientele base provides immediate revenue potential. This is an exceptional opportunity for an owner-operator seeking a profitable, established business with significant upside. The asking price is $170,000.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3856
    Latitude
    35.415
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $701
    $8,870
    $4,480
    $13,350
    -
    $44,350
    $22,400
    $66,750

    Comparable in this City

    • Value Estimation
      $240,000
      12,225 SF

      3711 Midland Blvd

      ROADSIDE MARKET • 12,225 SF
      3711 Midland Blvd, Fort Smith, AR 72904-3033
      View Details
    • Value Estimation
      $230,000
      4,000 SF

      3024 Albert Pike Ave

      ROADSIDE MARKET • 4,000 SF
      3024 Albert Pike Ave, Fort Smith, AR 72904-4304
      View Details
    • Value Estimation by Request
      2,135 SF

      3900 O St

      ROADSIDE MARKET • 2,135 SF
      3900 O St, Fort Smith, AR 72904-6536
      View Details
    • Value Estimation
      $115,000
      4,616 SF

      3800 O St

      ROADSIDE MARKET • 4,616 SF
      3800 O St, Fort Smith, AR 72904-6552
      View Details
    • Value Estimation by Request
      7,250 SF

      4901 Midland Blvd

      Retail properties • 7,250 SF
      4901 Midland Blvd, Fort Smith, AR 72904
      View Details
    • Value Estimation
      $305,000
      14,074 SF

      3620 6th St

      ROADSIDE MARKET • 14,074 SF
      3620 6th St, Fort Smith, AR 72904-3465
      View Details

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    • Contact for pricing

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    4023 Spradling Ave
    Fort Smith, AR 72904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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