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    2801 Old Greenwood Rd Fort Smith, AR 72903-4547
    Property profile & analytics

    2801 Old Greenwood Rd Fort Smith, AR 72903-4547

    View on Map
    • Strip malls
    • 17,689 SF
    • 2.59 lot acres
    Off-Market
    Property ID
    US05-1057197
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grunge House Inc / (Bike/Boat/Book/etc) Store
    • Randstad / Employment Agency
    • Sean Whetstone - State Farm Insurance Agent / Insurance Agency
    • Raw Beauty Salon and Spa / Hair Salon / Nail Salon
    • Clothologie / Clothing & Fashion Store

    Property Details for 2801 Old Greenwood Rd

    Lot size
    2.59 lot acres
    Property size
    17,689 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    18883-0000-01436-00
    APU
    1888300000143600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3943
    Latitude
    35.3562
    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
    $18,290
    $43,060
    $305,320
    $348,380
    -
    $215,300
    $1,526,600
    $1,741,900

    Comparable in this City

    • 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
    • Value Estimation
      $1,230,000
      69,898 SF

      4300 Rogers Ave

      SHOPPING CENTER, STRIP CENTER • 69,898 SF
      4300 Rogers Ave, Fort Smith, AR 72903-3154
      View Details
    • Value Estimation by Request
      4,600 SF

      Fort

      SHOPPING CENTER, STRIP CENTER • 4,600 SF
      Fort, Smith, AR 72903
      View Details
    • Value Estimation by Request
      6,352 SF

      3400 70th St

      SHOPPING CENTER, STRIP CENTER • 6,352 SF
      3400 70th St, Fort Smith, AR 72903-5271
      View Details
    • Value Estimation
      $1,545,000
      5,252 SF

      7910 Zero St

      SHOPPING CENTER, STRIP CENTER • 5,252 SF
      7910 Zero St, Fort Smith, AR 72903-6681
      View Details

    Similar Nearby for Sale

    • 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
    • Contact for pricing
      1 SF

      Free-Standing Bank Branch with Drive-Thru

      2,400 SF former bank on 1.62 AC outparcel.
      8385 Rogers Ave, Fort Smith, AR 72903
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    • $725,000
      2.28 Acres

      Fort Smith Land For Sale

      2.28 acre commercial land near Mercy Hospital campus.
      6613 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $6,000,000
      Pending

      Commercial Property on S Zero Street

      Commercial property for sale located on S Zero Street.
      5300 S Zero St, Fort Smith, AR 72903
      View Details
    • $795,000

      Development Site Near Mercy Hospital

      Versatile land ideal for medical, office, or commercial development.
      6613 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Commercial Development Land Available

      Commercial lots available in fast-growing Chaffee Crossing Community.
      4601 Massard Rd, Fort Smith, AR 72903
      View Details

    Similar Nearby for Lease

    • 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
      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
    • $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
    • $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

      Retail Space in Established Corridor

      Retail space in established shopping center off Rogers Avenue.
      2301 S 56Th St, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 180 to 12,900 SqFt.
      5111 Rogers Ave, Fort Smith, AR 72903
      View Details
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    2801 Old Greenwood Rd
    Fort Smith, AR 72903-4547
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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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    2801 Old Greenwood Rd, Fort Smith, AR, 72903
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