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

    3000 Old Greenwood Rd Fort Smith, AR 72903-4552

    • Retail space
    • 4,840 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2024
    $395,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0626122
    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

    • Fountain Gate Spa / Spa & Massage Center / Alternative Medicine Practice
    • V-Gay / Construction Company / General Contractor

    Property Details for 3000 Old Greenwood Rd

    Lot size
    0.50 lot acres
    Property size
    4,840 SF
    Property type
    Retail space
    APN
    18883-0000-01443-00
    APU
    1888300000144300

    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
    -94.3946
    Latitude
    35.3533
    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
    $2,072
    $13,150
    $26,310
    $39,460
    -
    $65,750
    $131,550
    $197,300

    Comparable in this City

    • Value Estimation
      $2,000,000
      45,600 SF

      7912 Rogers Ave

      RETAIL STORES (PERSONAL SERVICES) • 45,600 SF
      7912 Rogers Ave, Fort Smith, AR 72903-5546
      View Details
    • Value Estimation by Request
      2,500 SF

      914 32nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,500 SF
      914 32nd St, Fort Smith, AR 72903-1031
      View Details
    • Value Estimation
      $525,000
      17,000 SF

      4800 Zero St

      RETAIL STORES (PERSONAL SERVICES) • 17,000 SF
      4800 Zero St, Fort Smith, AR 72903-6920
      View Details
    • Value Estimation
      $815,000
      11,496 SF

      4731 Zero St

      RETAIL STORES (PERSONAL SERVICES) • 11,496 SF
      4731 Zero St, Fort Smith, AR 72903-6931
      View Details
    • Value Estimation by Request
      3,000 SF

      4700 Rogers Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      4700 Rogers Ave, Fort Smith, AR 72903-3151
      View Details
    • Value Estimation by Request
      2,360 SF

      9304 Rogers Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,360 SF
      9304 Rogers Ave, Fort Smith, AR 72903-5671
      View Details

    Similar Nearby for Sale

    • $1,050,000
      Pending

      Versatile Commercial Space, Fort Smith

      High-visibility commercial property with retail, warehouse, and office potential.
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    • $269,000
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      Fort Smith Commercial Opportunity

      High-traffic area, potential commercial use, near airport and attractions.
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      2,039 SF

      Retail Space in Fort Smith

      Retail space with strong co-tenancy and high visibility.
      6205 Rogers Ave, Fort Smith, AR 72903
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      1,120 SF

      Premier Mixed-Use Commercial Space

      Office and retail suites available in growing Fort Smith market.
      5300 S Zero St, Fort Smith, AR 72903
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      Net Leased Sherwin Williams Store

      Corporate net leased Sherwin Williams in Fort Smith, Arkansas.
      7715 Phoenix Ave, Fort Smith, AR 72903
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      2,400 SF

      Former Bank Branch on Rogers

      Highly visible former bank branch with drive-thru on 1.63 acres.
      8385 Rogers Ave, Fort Smith, AR 72903
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    Similar Nearby for Lease

    • $13 SF/Yr
      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
    • $32 SF/Yr
      5,500 SF

      Retail Space on Rogers Avenue

      5,500 SF retail space available for lease.
      8100 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $1,750 /Mo
      2,275 SF

      Versatile Flex Space in Fort Smith

      Flex space in high-traffic Fort Smith shopping center.
      6802-6808 Rogers Ave, Fort Smith, AR 72903
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    • $10 SF/Yr
      1,350 SF

      Retail Spaces in La Villa

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

      Fort Smith Commercial Land Outparcel

      High-visibility 1.2-acre lot, ideal for ground lease.
      5101 Phoenix Ave, Fort Smith, AR 72903
      View Details
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    3000 Old Greenwood Rd
    Fort Smith, AR 72903-4552
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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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