Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1616 Jenny Lind Rd Fort Smith, AR 72901-5649

    • Individual retail properties
    • 3,585 SF
    • 0.32 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1121224
    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

    • Wild Hair / Hair Salon
    • Chuck Fawcett Realty Inc. / Real Estate Agency
    • MatlockMediaGroup / Marketing & Advertising / Advertising Agency
    • FOCALOCAL / Advertising Agency / Marketing & Advertising

    Property Details for 1616 Jenny Lind Rd

    Lot size
    0.32 lot acres
    Property size
    3,585 SF
    Property type
    Individual retail properties
    APN
    10214-0008-00025-00
    APU
    1021400080002500

    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
    -94.413
    Latitude
    35.3678
    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
    $1,390
    $3,500
    $22,980
    $26,480
    -
    $17,500
    $114,900
    $132,400

    Comparable in this City

    • Value Estimation by Request
      973 SF

      1801 Rogers Ave

      BARBER, HAIR SALON • 973 SF
      1801 Rogers Ave, Fort Smith, AR 72901-3955
      View Details
    • Value Estimation by Request
      1,804 SF

      5618 Towson Ave

      LAUNDROMAT (SELF-SERVICE) • 1,804 SF
      5618 Towson Ave, Fort Smith, AR 72901-8810
      View Details
    • Value Estimation by Request
      1,920 SF

      614 10th St

      BARBER, HAIR SALON • 1,920 SF
      614 10th St, Fort Smith, AR 72901-2239
      View Details
    • Value Estimation by Request
      1,564 SF

      2004 Dodson Ave

      BARBER, HAIR SALON • 1,564 SF
      2004 Dodson Ave, Fort Smith, AR 72901-4824
      View Details
    • Value Estimation by Request
      1,586 SF

      412 8th St

      BARBER, HAIR SALON • 1,586 SF
      412 8th St, Fort Smith, AR 72901-2204
      View Details
    • Value Estimation by Request
      1,150 SF

      1715 Phoenix Ave

      BARBER, HAIR SALON • 1,150 SF
      1715 Phoenix Ave, Fort Smith, AR 72901-7946
      View Details

    Similar Nearby for Sale

    • $269,000
      4,800 SF

      Fort Smith Commercial Building For Sale

      4800 sqft commercial building with high visibility and parking.
      1600 Towson Ave, Fort Smith, AR 72901
      View Details
    • $470,000
      6,000 SF

      Versatile Commercial Property in Fort Smith

      6,000 SF commercial property with retail and warehouse space.
      612 Towson Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      5,050 SF

      Downtown Entertainment District Retail Space

      Impressive retail space in the Downtown Entertainment District.
      707-709 Rogers Ave, Fort Smith, AR 72901
      View Details
    • $250,000
      2,254 SF

      Historic Garrison Avenue Retail Opportunity

      Own a piece of Fort Smith's treasured history.
      518 Garrison Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      9,575 SF

      Iconic Downtown Fort Smith Property

      9,575 SF retail/office space in Downtown Entertainment District.
      1115-1117 Garrison Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Opportunity in Downtown

      Versatile property with retail and residential potential in prime location.
      11 N 10Th St, Fort Smith, AR 72901
      View Details

    Similar Nearby for Lease

    • $28,800
      4,800 SF

      Fort Smith Commercial Metal Building

      4800 sqft metal building with high visibility and parking.
      1600 Towson Ave, Fort Smith, AR 72901
      View Details
    • $2,100 /Mo
      1,928 SF

      Former Car Lot Available

      Retail and shop buildings on a former car lot.
      1811 Towson Ave, Fort Smith, AR 72901
      View Details
    • $1,000 /Mo
      4,205 SF

      Fort Smith Office/Retail Space

      Office or retail space available in Fort Smith, Arkansas.
      1400 Highway 71 S, 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
    • $3,500 /Mo
      4,800 SF

      Downtown Retail Space Available

      Retail space with offices, washroom, and breakroom in downtown.
      504 Garrison 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
    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.
    1616 Jenny Lind Rd
    Fort Smith, AR 72901-5649
    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.
    Sign Up Successful!
    You now have access to more from Realmo!