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    3219 Old Greenwood Rd Fort Smith, AR 72903-5457

    • Office buildings
    • 2,165 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    8.7%
    Office buildings
    Location Intelligence
    Property ID
    US05-1257299
    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

    • Suite One Boutique / Boutique / Women'S Clothing Store

    Property Details for 3219 Old Greenwood Rd

    Lot size
    0.71 lot acres
    Property size
    2,165 SF
    Property type
    Office buildings
    APN
    18883-0000-01452-00
    APU
    1888300000145200

    Description

    This exceptional stand-alone building, situated at 3219 Old Greenwood Rd in Fort Smith, Arkansas, presents a unique opportunity for owner-users. Boasting 2,165 square feet of versatile space, this Class B property is zoned C-1, allowing for a variety of retail or traditional office uses. The single-story structure sits on a 0.74-acre lot (APN 18883-0000-01452-00), providing ample space and visibility. The asking price is $325,000, translating to $150.12 per square foot. Benefitting from a high-traffic location and excellent signage opportunities, this property is ideally suited for businesses seeking strong visibility and accessibility. Recent improvements include fresh paint throughout, enhancing the overall appeal and functionality of the space. The property's strategic placement within established neighborhoods ensures a consistent flow of potential customers. This is an excellent investment for those seeking a well-maintained, adaptable space in a thriving area of Fort Smith. The property's mixed-use zoning provides flexibility for a range of business ventures. Don't miss this chance to acquire a valuable asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $385,000
      6.5%
      $355,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $231,000
      Market price range: $118k - $349k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3926
    Latitude
    35.352
    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
    $1,830
    $18,560
    $16,300
    $34,860
    -
    $92,800
    $81,500
    $174,300

    Comparable in this City

    • Value Estimation
      $675,000
      195,068 SF

      3801 Old Greenwood Rd

      OFFICE BUILDING • 195,068 SF
      3801 Old Greenwood Rd, Fort Smith, AR 72903-5937
      View Details
    • Value Estimation by Request
      2,040 SF

      5600 Airport Blvd

      OFFICE BUILDING • 2,040 SF
      5600 Airport Blvd, Fort Smith, AR 72903-6053
      View Details
    • Value Estimation
      $250,000
      780 SF

      2502 58th St

      OFFICE BUILDING • 780 SF
      2502 58th St, Fort Smith, AR 72903-3829
      View Details
    • Value Estimation
      $750,000
      5,976 SF

      2200 Waldron Rd

      OFFICE BUILDING • 5,976 SF
      2200 Waldron Rd, Fort Smith, AR 72903-3088
      View Details
    • Value Estimation
      $320,000
      9,816 SF

      3324 Vicksburg St

      OFFICE BUILDING • 9,816 SF
      3324 Vicksburg St, Fort Smith, AR 72903-6826
      View Details
    • Value Estimation
      $540,000
      25,998 SF

      2120 Waldron Rd

      OFFICE BUILDING • 25,998 SF
      2120 Waldron Rd, Fort Smith, AR 72903-3628
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4,281 SF

      Fort Smith Office Building For Sale

      Class A Office, 4,281 SF, Vacant
      3215 Old Greenwood Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      3,785 SF

      Fort Smith Office Space Available

      3,785 SF office space in a busy Fort Smith area.
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    • $117,000
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      Fort Smith Executive Office Space

      Prime Location, 29,232 SF Office Building
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    • $395,000
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      Prime Fort Smith Office Building

      Class A Office, 2328 SF, $395,000
      3203 Waco St, Fort Smith, AR 72903
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    • Contact for pricing
      1.00 Acre

      Massard Business Park: Fort Smith Lots

      Prime Fort Smith commercial land, new construction.
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    • $1,950,000
      10,320 SF

      Fort Smith Class A Office Building

      Prime location, 10,320 sq ft, owner/user.
      5704 Euper Ln, Fort Smith, AR 72903
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    Similar Nearby for Lease

    • $4,200 /Mo
      6,000 SF

      Versatile Office Space in Fort Smith

      6,000 SF office space suitable for office or classroom use.
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    • $16 SF/Yr
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      Arvest Tower Office Space

      Fort Smith, AR office suites available.
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      View Details
    • $1,750 /Mo
      2,275 SF

      Versatile Flex Space in Fort Smith

      Flex space in high-traffic Fort Smith shopping center.
      6802-6808 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2,400 SF

      Prime Retail/Medical Endcap Space

      Class A space with frontage on Rogers Ave.
      4620 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $450 /Mo
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      Second Floor Office Space

      Office space for rent, approximately 330 square feet.
      5008 S U St, Fort Smith, AR 72903
      View Details
    • $475 /Mo
      288 SF

      Office Suite in Central Location

      Office suite in central Fort Smith, utilities included.
      3101 Free Ferry Rd, Fort Smith, AR 72903
      View Details
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    Fort Smith, AR 72903-5457
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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
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