Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1701 Riverfront Dr Fort Smith, AR 72901-3077

    • High-rise multifamily apartments
    • 2,144 SF
    • 17.40 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    4%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US05-0557365
    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

    • Fort Smith Riverfront RV Resort, LLC / Rv Park

    Property Details for 1701 Riverfront Dr

    Lot size
    17.40 lot acres
    Property size
    2,144 SF
    Property type
    High-rise multifamily apartments
    APN
    16666-0001-00000-00
    APU
    1666600010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $180,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.4211
    Latitude
    35.409
    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
    $19,283
    $29,100
    $338,200
    $367,300
    -
    $145,500
    $1,691,000
    $1,836,500

    Comparable in this City

    • Value Estimation
      $255,000
      3,840 SF

      3910 Towson Ave

      HIGH-RISE APARTMENTS • 3,840 SF
      3910 Towson Ave, Fort Smith, AR 72901-7538
      View Details
    • Value Estimation
      $70,000
      1,978 SF

      721 Greenwood Ave

      HIGH-RISE APARTMENTS • 1,978 SF
      721 Greenwood Ave, Fort Smith, AR 72901-3127
      View Details
    • Value Estimation
      $255,000
      3,596 SF

      2906 Grand Ave

      HIGH-RISE APARTMENTS • 3,596 SF
      2906 Grand Ave, Fort Smith, AR 72901
      View Details
    • Value Estimation
      $280,000
      2,397 SF

      2511 Rogers Ave

      HIGH-RISE APARTMENTS • 2,397 SF
      2511 Rogers Ave, Fort Smith, AR 72901-4143
      View Details
    • Value Estimation
      $300,000
      6,560 SF

      14 3rd St

      HIGH-RISE APARTMENTS • 6,560 SF
      14 3rd St, Fort Smith, AR 72901-1402
      View Details
    • Value Estimation
      $230,000
      2,080 SF

      405 14th St

      HIGH-RISE APARTMENTS • 2,080 SF
      405 14th St, Fort Smith, AR 72901-4605
      View Details

    Similar Nearby for Sale

    • $505,000
      5,346 SF

      Fort Smith Eight-Unit Apartment Building

      Well-maintained, fully occupied apartment building in Fort Smith, Arkansas.
      1101 N Greenwood Ave, Fort Smith, AR 72901
      View Details
    • $275,000
      2,088 SF

      Fort Smith Multi-Unit House

      Five studio apartments in Fort Smith, Arkansas.
      723 N 19Th St, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      4,026 SF

      Multi-Unit Property in Fort Smith

      Two well-designed apartments perfect for investors or owner-occupants.
      15 N 10Th St, Fort Smith, AR 72901
      View Details
    • $425,000
      6,158 SF

      Historic Garrison Avenue Mixed-Use Building

      Mixed-use building with restaurant and apartments in downtown Fort Smith.
      500 Garrison Ave, Fort Smith, AR 72901
      View Details
    • $85,000
      1,522 SF

      Fort Smith Duplex with Hardwood

      Centrally located Fort Smith duplex with original hardwood floors.
      1023 S 17Th St, Fort Smith, AR 72901
      View Details
    • $325,000
      4,130 SF

      Fort Smith Four-Plex Investment

      Well-maintained four-plex near college, shopping, and hospital in Fort Smith.
      501 May Ave, Fort Smith, AR 72901
      View Details

    Similar Nearby for Lease

    • $950 /Mo
      1,010 SF

      Charming Townhouse with Modern Amenities

      Two-story townhouse with modern kitchen, patio, and pet-friendly policy.
      1711 S Jackson St, Fort Smith, AR 72901
      View Details
    • $11 SF/Yr
      14,440 SF

      Fort Smith Office Suites Available

      Prime Fort Smith Office Space, Multiple Suites
      300 Greenwood Ave, Fort Smith, AR 72901
      View Details
    • $695,000
      36,600 SF

      Industrial Building Near Phoenix Avenue

      36,600 SF industrial building for lease near Phoenix Avenue.
      1412 Phoenix Ave, Fort Smith, AR 72901
      View Details
    • $85 SF/Yr
      15,384 SF

      Rogers Ave Retail Space For Lease

      High-visibility retail space in Fort Smith, AR
      1700 Rogers Ave, Fort Smith, AR 72901
      View Details
    • $1,200 /Mo
      1,281 SF

      Retail Building on Lighted Corner

      Stand-alone retail building with garage space and office.
      221 Towson Ave, Fort Smith, AR 72901
      View Details
    • $3,500 /Mo
      1,890 SF

      Move-In Ready Convenience Store Space

      1,890 SF convenience store with gas pumps for lease.
      5307 Towson Ave, Fort Smith, AR 72901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1701 Riverfront Dr
    Fort Smith, AR 72901-3077
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.