1851 Excelsior Rd Greenwood, AR 72936-5110
Property profile & analytics
1851 Excelsior Rd Greenwood, AR 72936-5110
- Office buildings
- 42,400 SF
- 2.40 lot acres
Property ID
US05-0867911
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.
Location Intelligence
Current Use by Public Records
- Greenwood Self Storage / Storage Facility
Property Details for 1851 Excelsior Rd
- Year built
- 2022
- Lot size
- 2.40 lot acres
- Property size
- 42,400 SF
- Property type
- Office buildings
- APN
- 60001-0000-03589-03
- APU
- 6000100000358903
Description
This exceptional investment opportunity comprises two newly constructed Class-A self-storage facilities located in Greenwood and Fort Smith, Arkansas. The properties, totaling 61,945 net rentable square feet, boast 482 units, including climate-controlled and standard options. Strategically positioned with highway frontage, the Greenwood location (opened April 2023) currently enjoys 89.4% physical occupancy and 50.2% economic occupancy, while the Fort Smith location (completed in 2020) shows 93.4% physical and 77.2% economic occupancy. Both facilities feature gated access, video surveillance, and standing seam roofs. The Greenwood site, situated at the intersection of Highways 10 and 71, sits on 2.4 acres and includes 90 climate-controlled and 191 drive-up units, plus an additional 1.0 acre with 41 planned outdoor boat/RV spaces. The Fort Smith facility, on 2.0 acres, offers 68 climate-controlled, 83 drive-up units, and 7 parking spaces. The Greenwood location's proximity to a major highway expansion project (doubling Highway 10 capacity by 2026) presents significant future growth potential. This portfolio offers immediate returns through rate management and parking lease-up, presenting a compelling value-add opportunity with strong historical lease-up activity and significant upside potential. The properties are currently owner-managed.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,748,000
Market price range: $2.40M - $7.09M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,115,000 Current use
- RETAIL STORES
- $3,550,000 Change: +14% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $3,020,000 Change: -3% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Greenwood
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.2884
- Latitude
- 35.203
- 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
$17,030
$15,680
$345,120
$360,800
-
$78,400
$1,725,600
$1,804,000
