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    Cameron Park Dr Fort Smith, AR 72903

    • Land
    • 1.68 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cameron Park Dr

    Lot size
    1.68 lot acres
    Property type
    Land

    Description

    This exceptional offering presents two contiguous lots totaling 1.68 acres situated on Cameron Park Drive in Fort Smith, Arkansas, zip code 72903. The property boasts a highly desirable C-5 zoning, allowing for a diverse range of commercial and residential development opportunities. Lot 4 encompasses 0.70 acres, while Lot 6 comprises 0.98 acres. Each lot is priced at $9 per square foot. The location is exceptionally convenient, positioned off 74th Street, directly across from established retailers such as Harps and Arvest Bank, ensuring high visibility and accessibility. This strategic location between Phoenix Avenue and Rogers Avenue, two of Fort Smith's busiest retail corridors, guarantees significant foot traffic and exposure. The property's versatility makes it ideal for various ventures, including medical or professional offices, restaurants, apartment complexes, or retail businesses. This presents a compelling investment opportunity in a thriving commercial area with strong potential for future growth and return. The land is situated in Sebastian County and offers a unique chance to capitalize on the robust commercial activity in this prime Fort Smith location. The combined acreage provides ample space for a large-scale development or two separate projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3523
    Latitude
    35.3489

    Comparable in this City

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      95.74 Acres

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      1.50 Acres

      Century Dr

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      2.30 Acres

      5738 Massard Rd

      Land • 2.30 Acres
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    Similar Nearby for Sale

    • Contact for pricing
      1.10 Acres

      Fort Smith Commercial Land Opportunity

      Prime location, build-to-suit options.
      6200 Phoenix Ave, Fort Smith, AR 72903
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    • $3,100,000
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      4101 Leigh Ave

      Land • 95.74 Acres
      4101 Leigh Ave, Fort Smith, AR 72903
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      1.68 Acres

      Cameron Park Drive Investment Lots

      Two prime commercial lots in Fort Smith, AR
      0 Cameron Park Dr, Fort Smith, AR 72903
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      1.67 Acres

      Fort Smith Commercial Land - Build to Suit

      1.66 Acres, High-Traffic Location, C-5 Zoning
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      1.00 Acre

      Massard Business Park: Fort Smith Lots

      Prime Fort Smith commercial land, new construction.
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      2.50 Acres

      Fort Smith Commercial Land Investment

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    Similar Nearby for Lease

    • $178,000
      21,780 SF

      Fort Smith Commercial Land Opportunity

      Prime 0.5-acre lot, ideal ground lease.
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      Fort Smith Commercial Land Outparcel

      High-visibility 1.2-acre lot, ideal for ground lease.
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      36,258 SF

      Rogers Ave Commercial Land

      High-traffic Fort Smith lot, ideal for development.
      8701 Rogers Ave, Fort Smith, AR 72903
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    • Contact for pricing

      Prime Rogers Avenue Lot

      Commercial lot available for build-to-suit or ground lease.
      7615 Rogers Ave, Fort Smith, AR 72903
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    • Contact for pricing

      Phoenix Avenue Vacant Land

      2.23-acre vacant lot on Phoenix Avenue available for lease.
      4500 Phoenix Ave, Fort Smith, AR 72903
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    • $15 SF/Yr
      2,400 SF

      Retail Space in Massard Creek

      Retail space available in Massard Creek Shoppes.
      9501 Rogers Ave, Fort Smith, AR 72903
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    Fort Smith, AR 72903
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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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