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Property profile & analytics
FOR SALE
Community centers

1200 S Waldron Rd Fort Smith, AR 72903

200,138 SF 16.25 ac lot Built 1972
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US05-1358974
Property summary
AI-generated overview

This thriving retail center in Fort Smith, Sebastian County, Arkansas offers multiple spaces for lease, totaling 197,839 square feet. Four spaces are currently available, ranging from a minimum of 1,757 square feet to a maximum contiguous space of 7,176 square feet. A significant 18,613 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The center boasts a diverse tenant mix and strong national anchor tenants, ensuring a vibrant and established customer base. Its prime location benefits from exceptional visibility and high traffic counts, averaging 31,000 vehicles per day on Rogers Avenue. This advantageous position is further enhanced by its excellent proximity to Central Mall, Arkansas' largest mall, guaranteeing significant foot traffic and exposure to a large consumer base. The attractive shopping center offers a beautiful and well-maintained environment, making it an ideal location for businesses seeking a high-traffic, established retail space in a thriving community. The minimum leasable space is 1,757 square feet, providing flexibility for various business needs. This property presents a compelling opportunity for businesses looking to establish or expand their presence in a key retail location within Fort Smith.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1972
Total area 200,138 SF
Lot 16.25 ac (707,850 SF)
APN 18883-0000-01003-00
UPID US05-1358974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • CSL Plasma Medical Clinic
  • Malco Fort Smith Cinema Cinema Theater & Performing Art Venue
  • Buddy V's Cake Slice Restaurant Take-out & Catering
  • Always & Forever Clothing & Fashion Store
  • Ezell Sherry A DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.31M
Owner & transaction history
Ach Central Shopping Center LLC · 17 yrs held
Ach Central Shopping Center LLC
since 2008
1 recorded transaction
2008
$8.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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