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

    2409 56th St Fort Smith, AR 72903-3753

    • Strip malls
    • 15,968 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1518685
    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

    • Fulmer Candy Company of Fort Smith / Specialty Food Shop / Candy Store
    • That Cookie Lady / (Bike/Boat/Book/etc) Store / Bakery
    • Adam / Barber Shop
    • Sylvan Learning of Fort Smith / Tutoring Service
    • Prometric Testing Center / Training Center

    Property Details for 2409 56th St

    Lot size
    1.28 lot acres
    Property size
    15,968 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    11669-0013-00002-01
    APU
    1166900130000201

    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
    -94.3703
    Latitude
    35.3594
    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
    $8,227
    $50,880
    $105,830
    $156,710
    -
    $254,400
    $529,150
    $783,550

    Comparable in this City

    • Value Estimation
      $515,000
      17,977 SF

      1217 Waldron Rd

      SHOPPING CENTER, STRIP CENTER • 17,977 SF
      1217 Waldron Rd, Fort Smith, AR 72903-2585
      View Details
    • Value Estimation by Request
      8,000 SF

      7803 Rogers Ave

      SHOPPING CENTER, STRIP CENTER • 8,000 SF
      7803 Rogers Ave, Fort Smith, AR 72903-5545
      View Details
    • Value Estimation
      $1,050,000
      10,800 SF

      8434 Phoenix Ave

      SHOPPING CENTER, STRIP CENTER • 10,800 SF
      8434 Phoenix Ave, Fort Smith, AR 72903-6143
      View Details
    • Value Estimation by Request
      9,771 SF

      2900 Old Greenwood Rd

      SHOPPING CENTER, STRIP CENTER • 9,771 SF
      2900 Old Greenwood Rd, Fort Smith, AR 72903-4550
      View Details
    • Value Estimation
      $885,000
      15,000 SF

      6801 Phoenix Ave

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      6801 Phoenix Ave, Fort Smith, AR 72903-5057
      View Details
    • Value Estimation
      $1,430,000
      5,200 SF

      7612 Rogers Ave

      SHOPPING CENTER, STRIP CENTER • 5,200 SF
      7612 Rogers Ave, Fort Smith, AR 72903-5540
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,039 SF

      Retail Space in Fort Smith

      Retail space with strong co-tenancy and high visibility.
      6205 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $950,000
      2,580 SF

      Rogers Ave Retail Investment

      Arkansas QSR/Restaurant - $950K
      5612 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Net Leased Sherwin Williams Store

      Corporate net leased Sherwin Williams in Fort Smith, Arkansas.
      7715 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • $1,050,000
      Pending

      Versatile Commercial Space, Fort Smith

      High-visibility commercial property with retail, warehouse, and office potential.
      9705 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $239,900
      0.38 Acres

      Fort Smith Commercial Opportunity

      Commercial opportunity in high-traffic area, potential for various business types.
      6200 S Zero St, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      1.00 Acre

      Massard Business Park: Fort Smith Lots

      Prime Fort Smith commercial land, new construction.
      4601 Massard Rd, Fort Smith, AR 72903
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      30,500 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
    • Contact for pricing
      900 SF

      Retail Space on Rogers Avenue

      Retail space with high visibility and traffic near Central Mall.
      4300 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      11,985 SF

      Fort Smith Retail Space Available

      Retail space for lease in Fort Smith Marketplace.
      7609 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      863,000 SF

      Central Mall Retail Space Available

      Fort Smith, AR Shopping Mall - 28 Spaces
      5111 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $10 SF/Yr
      1,950 SF

      Retail Spaces in La Villa

      Retail spaces available in La Villa Shopping Center.
      1217 S Waldron Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2,400 SF

      Prime Retail/Medical Endcap Space

      Class A space with frontage on Rogers Ave.
      4620 Rogers Ave, Fort Smith, AR 72903
      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.
    2409 56th St
    Fort Smith, AR 72903-3753
    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!