Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    49 Between Custer Blvd & Roberts Blvd Fort Smith, AR 72916

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    73 Acres, High Visibility, Fort Smith

    Property Features for 49 Between Custer Blvd & Roberts Blvd

    General Information

    Property type
    Land
    Lot Size
    3,209,936 SF

    We can help!

    Listing Contact
    Jackson Mendenhall, Ccim
    Jackson Mendenhall, Ccim

    Listing Agency: Nunnelee & Wright Listing Agent: Jackson Mendenhall, Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 73.69-acre commercial land parcel presents a prime development opportunity in Fort Smith, Arkansas. Strategically located along Interstate 49, between Custer Boulevard and Roberts Boulevard, this property boasts unparalleled visibility and accessibility. Situated in the desirable Fort Chaffee area of east Fort Smith, the site offers significant advantages for a wide range of commercial and industrial ventures. The asking price is $65,000 per acre, representing a compelling investment in a rapidly growing market. The seller is open to subdividing the acreage to accommodate specific development plans and uses, providing flexibility for potential buyers. This location provides easy access to major transportation routes, making it ideal for businesses requiring efficient logistics and distribution networks. With its substantial size and prime location, this property is poised for significant growth and return on investment. The property's zoning and permitted uses should be independently verified. Detailed site plans and surveys are available upon request. This is a rare opportunity to acquire a large, high-visibility tract of land in a thriving commercial corridor. Don't miss this chance to secure a strategic location for your next project. The property is located in Sebastian County, Arkansas, with a zip code of 72916.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.320497
    Latitude
    35.3026383

    Nearby Similar for Sale

    • New
      $605,000
      7,031 SF

      Downtown Fort Smith Investment Opportunity

      Multi-tenant commercial building in historic downtown Fort Smith.
      219 Garrison Ave, Fort Smith, AR 72901
      View Details
    • New
      $605,000
      7,031 SF

      Downtown Fort Smith Investment Opportunity

      Multi-tenant commercial property in historic downtown Fort Smith.
      219 Garrison Ave, Fort Smith, AR 72901
      View Details
    • $164,900
      2,280 SF

      Fort Smith Car Wash Opportunity

      Self-service car wash with redevelopment potential in Fort Smith.
      1400 N 11Th St, Fort Smith, AR 72901
      View Details
    • New
      $579,000
      15,476 SF

      Auto Service Garage For Sale

      Well-known auto repair garage with 9 bays in Fort Smith.
      1100 S O St, Fort Smith, AR 72901
      View Details
    • $599,000
      5,112 SF

      Remodeled Historical Office Building

      Remodeled office building featuring original woodwork and a third-story apartment.
      120 N 16Th St, Fort Smith, AR 72901
      View Details
    • $189,000
      1,896 SF

      Versatile Commercial Building in Fort Smith

      1,896 sq ft office and warehouse space for sale.
      6500 Pierce Dr, Fort Smith, AR 72908
      View Details
    • New
      $249,900
      3,100 SF

      Remodeled Office Space, Fort Smith

      Remodeled 3100 sq ft office in historic district.
      7405 Terry St, Fort Smith, AR 72916
      View Details
    • $995,000
      7,100 SF

      Fort Smith Hotel/Motel Opportunity

      7,100 SF Fort Smith hospitality property with income potential.
      1320 S Albert Pike Ave, Fort Smith, AR 72903
      View Details
    • $599,000
      2,818 SF

      Corner Commercial Property in Fort Smith

      High-traffic commercial property with leasing income and development potential.
      2700 Grand Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      Pending

      Commercial Office Building on Large Lot

      6,350 SF office building on 1.1-acre corner lot.
      4020 Newlon Rd, Fort Smith, AR 72904
      View Details
    • $199,000
      3,500 SF

      Fort Smith Warehouse For Sale

      3,500 SF commercial building on 0.31 acres in Fort Smith.
      1220 S 6Th St, Fort Smith, AR 72901
      View Details
    • $274,900
      4,506 SF

      Mixed-Use Building with Drive-Thru

      4506 SF commercial building with retail, office, and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details

    FAQs

    What type of property is this?
    Land - 73 Acres, High Visibility, Fort Smith
    Where is this land located?
    The property is located at 49 Between Custer Blvd & Roberts Blvd Fort Smith, AR.
    What are key features of this property?
    This property features: 73.69-acre commercial land parcel in Fort Smith, AR.; Prime location along I-49, between Custer and Roberts Boulevards, offering high visibility and accessibility.; Located in the desirable Fort Chaffee area of east Fort Smith.
    Request Owner's contact information
    49 Between Custer Blvd & Roberts Blvd Fort Smith, AR 72916
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    49 Between Custer Blvd & Roberts Blvd
    Fort Smith, AR 72916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    49 Between Custer Blvd & Roberts Blvd Fort Smith, AR 72916
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jackson Mendenhall, Ccim
    Jackson Mendenhall, Ccim
    Real Estate License ID: AB00084436
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!