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    1820 Phoenix Ave Fort Smith, AR 72901

    • Outlet malls
    • 17,784 SF
    • 6.94 lot acres
    For Lease
    View listing
    Value Estimation
    $620,000
    Last Sale
    Jan 25, 2024
    Location Intelligence
    Property ID
    US05-1033983
    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

    • Hardee's / Hamburger Restaurant / Fast Food Restaurant

    Property Details for 1820 Phoenix Ave

    Year built
    1971
    Lot size
    6.94 lot acres
    Property size
    17,784 SF
    Property type
    Outlet malls
    APN
    10350-0001-00000-00
    APU
    1035000010000000

    Description

    This exceptional 1-acre retail property, located at 1820 Phoenix Ave in Fort Smith, Arkansas, presents a unique investment opportunity. Situated on a 1.66-acre lot in Sebastian County, this single-tenant building offers 1 square foot of retail space, currently vacant and ready for immediate occupancy. The property's prime location in the vibrant city of Fort Smith provides excellent visibility and accessibility for businesses seeking a strong foothold in the market. The address, 1820 Phoenix Ave, ensures easy identification and convenient access for customers and employees. The zip code is 72901. The property is classified as both retail and land, making it suitable for a variety of commercial uses. Given its size and location, this property is ideal for a small business seeking a high-traffic location with ample space for operations. The property's single-tenant status offers simplicity and control for the lessee. The vacant space presents a blank canvas for customization, allowing businesses to design their ideal retail environment. This is a rare opportunity to acquire a strategically located retail property in a thriving Arkansas market. The property's location offers easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The 1.66-acre lot provides ample space for potential expansion or future development. This property is for lease and represents a compelling opportunity for businesses seeking a prominent presence in Fort Smith. The property's location within Sebastian County provides access to a strong local economy and a diverse customer base.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.4148
    Latitude
    35.3383
    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
    $11,678
    $116,830
    $105,610
    $222,440
    -
    $584,150
    $528,050
    $1,112,200

    Comparable in this City

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      3200 Jenny Lind Rd

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      4910 Jenny Lind Rd

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      4910 Jenny Lind Rd, Fort Smith, AR 72901-8524
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    • Value Estimation
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      11,510 SF

      1900 Towson Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 11,510 SF
      1900 Towson Ave, Fort Smith, AR 72901-5902
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    • Value Estimation
      $900,000
      7,930 SF

      1620 Grand Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,930 SF
      1620 Grand Ave, Fort Smith, AR 72901-2940
      View Details
    • Value Estimation by Request
      1,292 SF

      4201 Wheeler Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 1,292 SF
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      View Details

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    Fort Smith, AR 72901
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    Realmo Value Estimation

    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.

    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.

    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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