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    Property profile & analytics

    1400 Jacobs Ave Fort Smith, AR 72908

    • Commercial real estate
    • 15,920 SF
    For Sale
    View listing
    $1,550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1384383
    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

    • D & S Apartments / Lodging

    Property Details for 1400 Jacobs Ave

    Property size
    15,920 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity presents an 18-unit apartment complex located at 1400 Jacobs Ave, Fort Smith, Arkansas, 72908. The property boasts a total of 15,920 square feet situated on a spacious 36,862 square foot lot. The complex comprises two buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.418792156281
    Latitude
    35.32456643273

    Comparable in this City

    • $1,550,000
      15,920 SF

      Multi-Family Investment Opportunity

      18-unit complex with established cash flow and newer construction.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with strong rental history in Fort Smith, AR.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with strong rental history in Fort Smith, AR.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with established cash flow and newer construction.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,212,000
      7,560 SF

      New Construction Townhome Investment

      New construction townhome investment opportunity in Fort Smith, AR.
      7816 Texas Rd, Fort Smith, AR 72908
      View Details
    • $500,000
      5,016 SF

      Fort Smith Four-Plex Investment Opportunity

      Two four-plexes with eight units total on corner lot.
      928 Holly St, Fort Smith, AR 72908
      View Details

    Similar Nearby for Sale

    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with strong rental history in Fort Smith, AR.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Investment Opportunity

      18-unit complex with established cash flow and newer construction.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with strong rental history in Fort Smith, AR.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $1,550,000
      15,920 SF

      Multi-Family Complex Investment Opportunity

      18-unit complex with established cash flow and newer construction.
      1400 Jacobs Ave, Fort Smith, AR 72908
      View Details
    • $375,000
      2,918 SF

      Fort Smith Duplex with Garage

      Three-bedroom duplex with garage, fenced yard, and pond view.
      2800 Fairway Hamlet Ct, Fort Smith, AR 72908
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    • $500,000
      5,016 SF

      Fort Smith Four-Plex Investment Opportunity

      Two four-plexes with eight units total on corner lot.
      928 Holly St, Fort Smith, AR 72908
      View Details

    Similar Nearby for Lease

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      863,000 SF

      Central Mall Retail Space

      Fort Smith, AR: Prime Retail Opportunity
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      1,196,761 SF

      Fort Smith Industrial Space Available

      Large warehouse/manufacturing space for lease.
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      2,400 SF

      Medical Office Space Available

      Anchored medical office space near I-540 in Fort Smith.
      2501 Market Trce, Fort Smith, AR 72908
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    • $4,500 /Mo

      Highway 71 South Land Lease

      3.7 acres of land available for lease on Highway 71.
      6700 Highway 71 S, Fort Smith, AR 72908
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      1,739 SF

      Standalone Office Building For Lease

      Single tenant office building suitable for medical or general office.
      3905 Brooken Hill Dr, Fort Smith, AR 72908
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    • Contact for pricing
      89,143 SF

      Highway 71 Retail/Office Land

      Prime Fort Smith location, high traffic. Two-acre lot.
      0 Us-71, Fort Smith, AR 72908
      View Details
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    Fort Smith, AR 72908
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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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