Flex Building with Warehouse
For Sale
Contact for pricing
918 Wheeler Avenue, Fort Smith, AR 72901
Combined warehouse, office, and retail configuration supports varied commercial operations.
Property Size4,980 SF
Price / SF$0.60
Days on Market89
Property Features for 918 Wheeler Avenue
General Information
Standard status
Active
Size
4,980 SF
Total Parking Spaces
10
Property subtype
CommercialLease
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
3,732 SF
Drive-In Doors
2
Amenities
updated ADA restrooms
security fenced outside storage area
Building Details
Buildings
1
Building Size
4,980 SF
Listing Agency:
Bradford & Udouj Realtors
(479) 646-5539
Listed By:
Jim Simmons · License #SA00054620
(479) 285-1230
Source:
Assurancerealtyfsm
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 16 at 8:47AM
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 Bradford & Udouj Realtors
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Investment Insights
Based on property information with market context.
This 4,980 sf flex building combines 3,732 sf of warehouse area with 1,248 sf allocated to office and retail functions. The front portion includes a 330 sf reception and retail area, two offices, an oversized executive office, a sales office, and a 24 x 12 multi-use room. Two updated ADA restrooms serve the building.
Warehouse features include 20 ft sidewalls and two 12’ wide x 14’ drive doors. The property also provides a security-fenced 20’ x 25’ outside storage area and a concrete parking lot with capacity for 10 cars. It is positioned at the lighted intersection of Wheeler and S I St in Fort Smith, Arkansas.
Warehouse features include 20 ft sidewalls and two 12’ wide x 14’ drive doors. The property also provides a security-fenced 20’ x 25’ outside storage area and a concrete parking lot with capacity for 10 cars. It is positioned at the lighted intersection of Wheeler and S I St in Fort Smith, Arkansas.
Key Highlights
- 4,980 sf building with 3,732 sf warehouse and 1,248 sf office and retail space
- Warehouse includes 20 ft sidewalls and two 12’ wide x 14’ drive doors
- 330 sf retail / reception area plus two offices, executive office, sales office, and 24 x 12 multi‑use room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,820
$374.8K
Cap Rate 7%
$267,729
$267.7K
Cap Rate 9%
$208,233
$208.2K
Market Conditions
NOI Build-Up for 4,980 SF
Gross rent
$29.9K $6.00/SF
− Vacancy
−$3.1K −$0.62/SF
EGI
$26.8K $5.38/SF
− OpEx
−$8.0K −$1.61/SF
NOI
$18.7K $3.76/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,820
Cap Rate 7%
$267,729
Cap Rate 9%
$208,233
Alternative Uses
Best Use
Office B
$710.7K
$621.9K – $829.2K
NOI $49,750 @ 7.0% cap · market cap 1,658.33%
Second Best
Flex RnD
$384.6K
$336.5K – $448.7K
NOI $26,919 @ 7.0% cap · market cap 897.30%
Theoretical Best
Healthcare Medical
$1.06M
$927.1K – $1.24M
NOI $74,168 @ 7.0% cap · market cap 2,472.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Silver’s NC BBQ — 1121 Garrison Ave, Fort Smith, AR 72901
Frequently Asked Questions
What type of property is this?
Flex space - Combined warehouse, office, and retail configuration supports varied commercial operations.
Where is this flex space located?
The property is located at 918 Wheeler Avenue Fort Smith, AR.
What are key features of this property?
This property features: 4,980 sf building with 3,732 sf warehouse and 1,248 sf office and retail space; Warehouse includes 20 ft sidewalls and two 12’ wide x 14’ drive doors; 330 sf retail / reception area plus two offices, executive office, sales office, and 24 x 12 multi‑use room
