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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1815 Towson Ave Fort Smith, AR 72901-5419

    • Individual retail properties
    • 720 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2024
    $90,000
    Value Estimations
    $95,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1156898
    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

    • The Men's Room Barber Shop / Barber Shop

    Property Details for 1815 Towson Ave

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Property size
    720 SF
    Property type
    Individual retail properties
    APN
    17621-0006-00004-00
    APU
    1762100060000400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $90,000
      ML approach
      $90,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $115,000
      Market price range: $38.3k - $120k

    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
    35.3655
    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
    $453
    $5,660
    $2,970
    $8,630
    -
    $28,300
    $14,850
    $43,150

    Comparable in this City

    • Value Estimation
      $255,000
      1,512 SF

      1715 B St

      BARBER, HAIR SALON • 1,512 SF
      1715 B St, Fort Smith, AR 72901-3237
      View Details
    • Value Estimation
      $260,000
      2,800 SF

      1822 Jenny Lind Rd

      LAUNDROMAT (SELF-SERVICE) • 2,800 SF
      1822 Jenny Lind Rd, Fort Smith, AR 72901-5607
      View Details
    • Value Estimation
      $195,000
      888 SF

      201 21st St

      BARBER, HAIR SALON • 888 SF
      201 21st St, Fort Smith, AR 72901-3403
      View Details
    • Value Estimation
      $240,000
      2,400 SF

      1900 Grand Ave

      LAUNDROMAT (SELF-SERVICE) • 2,400 SF
      1900 Grand Ave, Fort Smith, AR 72901-3041
      View Details
    • Value Estimation
      $220,000
      2,047 SF

      3300 Jenny Lind Rd

      BARBER, HAIR SALON • 2,047 SF
      3300 Jenny Lind Rd, Fort Smith, AR 72901-7104
      View Details
    • Value Estimation
      $200,000
      1,923 SF

      607 Greenwood Ave

      BARBER, HAIR SALON • 1,923 SF
      607 Greenwood Ave, Fort Smith, AR 72901-3511
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,878 SF

      Freestanding Retail Property For Sale

      Retail property in marquee metro areas with high visibility.
      2620 Rogers Ave, Fort Smith, AR 72901
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      Fort Smith Retail/Warehouse Opportunity

      4980 SF building with warehouse and office/retail space.
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      Downtown Fort Smith Investment Opportunity

      Multi-tenant commercial property in historic downtown Fort Smith.
      219 Garrison Ave, Fort Smith, AR 72901
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    • $299,000
      8,890 SF

      Historic Fort Smith Mixed-Use Building

      Versatile 8,890 SF building in historic downtown Fort Smith.
      505 Rogers Ave, Fort Smith, AR 72901
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    • Contact for pricing
      1,575 SF

      Commercial Building in Fort Smith

      Commercial building with office and warehouse space for sale.
      515 Towson Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing
      4,205 SF

      Fort Smith Office/Retail Space

      Office or retail space with high traffic count, 4,205 sqft.
      1400 Highway 71 S, Fort Smith, AR 72901
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    • $300,000
      5,050 SF

      Downtown Fort Smith Commercial Property

      Historic building in vibrant downtown area, suitable for modern business.
      703-705 Rogers Ave, Fort Smith, AR 72901
      View Details
    • $1,650 /Mo
      5,400 SF

      Retail and Warehouse Space Available

      5,400 SF standalone building with retail and warehouse space.
      2716 Towson Ave, Fort Smith, AR 72901
      View Details
    • $2,100 /Mo
      3,622 SF

      Retail Building with Warehouse

      Retail building with warehouse space available for lease.
      322 Towson Ave, Fort Smith, AR 72901
      View Details
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    1815 Towson Ave
    Fort Smith, AR 72901-5419
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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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