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    Property profile & analytics

    1320 S Albert Pike Ave Fort Smith, AR 72903

    • Bed & breakfasts
    • 6,413 SF
    • 0.88 lot acres
    For Sale
    View listing
    $995,000
    Last Sale
    May 23, 2022
    $550,000
    Value Estimations
    Cap Rate Potential
    7.3%
    Bed & breakfasts
    Location Intelligence
    Property ID
    US05-0185310
    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

    • Beland Manor Bed & Breakfast / Bed & Breakfast
    • Act Now Property Inspections / Home Inspector

    Property Details for 1320 S Albert Pike Ave

    Construction
    FRAME
    Lot size
    0.88 lot acres
    Property size
    6,413 SF
    Property type
    Bed & breakfasts
    APN
    13633-0004-00001-00
    APU
    1363300040000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $510,000
      ML approach
      $480,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $620,000
      6.5%
      $575,000
      7%
      $535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3863
    Latitude
    35.37
    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
    $4,414
    $11,500
    $72,580
    $84,080
    -
    $57,500
    $362,900
    $420,400

    Comparable in this City

    • Value Estimation
      $730,000
      36,984 SF

      6700 Boston St

      HOTEL • 36,984 SF
      6700 Boston St, Fort Smith, AR 72903-4818
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    • Value Estimation
      $2,365,000
      41,580 SF

      2123 Burnham Rd

      MOTEL • 41,580 SF
      2123 Burnham Rd, Fort Smith, AR 72903-3257
      View Details
    • Value Estimation
      $685,000
      52,534 SF

      6500 Rogers Ave

      HOTEL • 52,534 SF
      6500 Rogers Ave, Fort Smith, AR 72903-3950
      View Details
    • Value Estimation
      $630,000
      28,984 SF

      7400 Phoenix Ave

      HOTEL • 28,984 SF
      7400 Phoenix Ave, Fort Smith, AR 72903-5046
      View Details
    • Value Estimation
      $705,000
      57,477 SF

      7601 Phoenix Ave

      HOTEL • 57,477 SF
      7601 Phoenix Ave, Fort Smith, AR 72903-5264
      View Details
    • Value Estimation
      $2,890,000
      41,038 SF

      6813 Phoenix Ave

      HOTEL • 41,038 SF
      6813 Phoenix Ave, Fort Smith, AR 72903-5057
      View Details

    Similar Nearby for Sale

    • $995,000
      7,100 SF

      Fort Smith Colonial Mansion Hotel

      Income-producing 9-bedroom property with charm in the heart of Fort Smith.
      1320 S Albert Pike Ave, Fort Smith, AR 72903
      View Details
    • $695,000
      1.30 Acres

      Fort Smith Commercial Land - 1.3 Acres

      Prime Commercial/Industrial Land, High Traffic Area
      2219 Waldron Rd, Fort Smith, AR 72903
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      5.37 Acres

      Chaffee Crossing Commercial Land

      Prime 5-acre commercial lot, build-to-suit options.
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    • $3,100,000
      95.74 Acres

      4101 Leigh Ave

      Land • 95.74 Acres
      4101 Leigh Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2.60 Acres

      Fort Smith Retail Land Investment

      Prime Rogers & Massard Road lots.
      0 Massard Rd And Rogers Ave, Fort Smith, AR 72903
      View Details
    • $1,950,000
      10,320 SF

      Fort Smith Class A Office Building

      Prime location, 10,320 sq ft, owner/user.
      5704 Euper Ln, Fort Smith, AR 72903
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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.
      46th St Ft, Fort Smith, AR 72903
      View Details
    • $350 /Mo
      2,642 SF

      Office Spaces Available for Lease

      Office building with individual spaces for lease in Fort Smith.
      2300 S 57Th St, Fort Smith, AR 72903
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    • $5,000 /Mo
      2,268 SF

      Retail Space in High-Traffic Area

      Retail suite available in Fort Smith's main retail corridor.
      4900 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $2,450,000
      4,984 SF

      Former Restaurant on High-Traffic Avenue

      Restaurant building with equipment on a high-traffic Rogers Avenue.
      6401 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $1,750 /Mo
      700 SF

      Retail Space on Rogers Avenue

      700 SF retail space in high-traffic mid-town location.
      4224 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $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
      View Details
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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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