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    5111 Rogers Ave Fort Smith, AR 72908

    Sponsored
    For Lease
    Contact for pricing

    Fort Smith, AR: Prime Retail Opportunity

    Lot size:
    863,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    404
    This exceptional retail opportunity is located within Central Mall, a bustling enclosed shopping center in Fort Smith, Arkansas – the state's second-largest city. The property boasts a total of 863,000 square feet, encompassing 24 suites, with a diverse range of space options available, from a minimum of 180 square feet to a maximum contiguous space of 12,900 square feet. Currently, 54,199 square feet of retail space is available for lease. The mall enjoys a strategic location with easy access to major thoroughfares, including I-540 (57,000 AADT) and Rogers Avenue (26,000 AADT), ensuring high visibility and substantial foot traffic. Central Mall benefits from a strong co-tenancy lineup, featuring prominent national retailers such as Dillard's and JCPenney, along with a variety of other well-established brands including River Valley Marketplace, Rustic Cabin, American Eagle Outfitters, Hibbett Sports, Journeys, Victoria's Secret, The Children's Place, rue21, and Bath & Body Works. The property's excellent location is further enhanced by its proximity to additional major retailers like Marshalls, Big Lots, Walmart, PetSmart, Burlington, and Seven Brew, creating a vibrant and attractive retail environment. This presents a unique opportunity for businesses seeking high-traffic exposure in a thriving retail hub within Sebastian County. The flexible space options cater to a wide array of retail concepts, making this an ideal location for both established businesses and emerging brands.

    Property Features for 5111 Rogers Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    863,000 SF

    Unit(s) available at that property

    Space
    Suite 4
    Size
    1,645 SF
    Space
    Suite 25
    Size
    3,280 SF
    Space
    Suite 12
    Size
    5,609 SF
    Space
    Suite 28
    Size
    3,363 SF
    Space
    Suite 34
    Size
    536 SF
    Space
    Suite 40A
    Size
    2,861 SF
    Space
    Suite 40G
    Size
    5,059 SF
    Space
    Suite 40X
    Size
    3,244 SF
    Space
    Suite 101
    Size
    12,900 SF
    Space
    Suite 125
    Size
    2,920 SF
    Space
    Suite 133
    Size
    390 SF
    Space
    Suite 164
    Size
    375 SF
    Space
    Suite 158
    Size
    1,078 SF
    Space
    Suite 172
    Size
    1,030 SF
    Space
    Suite 195
    Size
    1,276 SF
    Space
    Suite 197
    Size
    3,105 SF
    Space
    Suite 301
    Size
    180 SF
    Space
    Suite 302
    Size
    180 SF
    Space
    Suite 304
    Size
    180 SF
    Space
    Suite 303
    Size
    180 SF
    Space
    Suite FC1
    Size
    1,527 SF
    Space
    Suite FC3
    Size
    861 SF
    Space
    Suite FC6
    Size
    1,040 SF
    Space
    Suite 191
    Size
    1,380 SF

    We can help!

    Listing Contact
    Jacob Spears
    Jacob Spears

    Learn more

    Property Insight Report

    HighLights

    • 180‑12,900 SF of retail space available in Fort Smith, AR's second‑largest city.
    • Enclosed mall with convenient access to I‑540 and Rogers Ave.
    • Strong co‑tenancy including Dillard's, JCPenney, and numerous national retailers.
    • Excellent location with nearby Marshalls, Big Lots, Walmart, and other major retailers.
    • High traffic counts: I‑540 (57,000 AADT) and Rogers Ave (26,000 AADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Drouillard Brian C ... Dentist Chinese Gourmet Express Chinese Restaurant Brian's Manufacturing Manufacturer T-Mobile Authorized Retailer Internet Service Provider MAC Cosmetics Cosmetics Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3767089
    Latitude
    35.3674602

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    FAQs

    What type of property is this?
    Retail property - Fort Smith, AR: Prime Retail Opportunity
    Where is this retail property located?
    The property is located at 5111 Rogers Ave Fort Smith, AR.
    What are key features of this property?
    This property features: 180-12,900 SF of retail space available in Fort Smith, AR's second-largest city.; Enclosed mall with convenient access to I-540 and Rogers Ave.; Strong co-tenancy including Dillard's, JCPenney, and numerous national retailers.
    Request Owner's contact information
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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.

    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
    5111 Rogers Ave Fort Smith, AR 72908
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    We can help!
    Listing Contact
    Jacob Spears
    Jacob Spears
    Real Estate License ID: AR SA00095413
    Learn more
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