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Property profile & analytics
OFF-MARKET
Estimated value
$5,520,000
Hotels
3005 74th St Fort Smith, AR 72903-5089
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US05-0571047
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2003
Total area
55,401 SF
Lot
2.21 ac (96,268 SF)
APN
17850-0005-00000-00
UPID
US05-0571047
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Residence Inn Fort Smith Hotel & Motel
-
3005 South 74th Street Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.39M
CAP Approach
CAP
$4.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.52M
Owner & transaction history
Prevail Fort Smith III LLC · 3 yrs held
Prevail Fort Smith III LLC
since 2022
Last sale
$5.9M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+167.4%
Auto repair, garage
$4.6M
+166.7%
Office building
$3.9M
+128.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Smith submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Smith submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,455,000
ML approach
$5,385,000
CAP Approach
CAP Return
Estimation
6%
$5,370,000
6.5%
$4,955,000
7%
$4,600,000
Alternative Use
Use
Estimation
RESTAURANT
$4,605,000
Change: +167% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,590,000
Change: +167% · Conversion: Difficult
OFFICE BUILDING
$3,940,000
Change: +129% · Conversion: Difficult
MEDICAL BUILDING
$3,375,000
Change: +96% · Conversion: Difficult
Blend value · Realmo final
$5.52M
Range $4.97M – $6.07M · ±10% · vs last sale $5.90M (Dec 2 2022)
Last sale anchor
$5.90M
Dec 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$100 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$40,780
Tax year 2024
Assessed value
$776,760
Assessed 2024
Previous assessed
$776,760
+0.0% YoY
Effective rate
5.25%
On assessed value
Assessed land
$120,750
Assessed improvement
$656,010
Land market value
$603,750
Improvement market value
$3,280,050
Total market value
$3,883,800
Applied tax rate
99.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
NONE
Stories
3
Units
1
Total area
55,401 SF
Lot
2.21 ac (96,268 SF)
APN
17850-0005-00000-00
UPID
US05-0571047
Jurisdiction
SEBASTIAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.6M
AUTO REPAIR, GARAGE
Est. value
$4.6M
OFFICE BUILDING
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.4M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
2.21 ac
Current owner
From public records · entity-resolved
Prevail Fort Smith III LLC
Entity
Mailing address
3005 S 74TH ST, FORT SMITH, AR 72903-5089
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2022
$5,900,000
Prevail Fort Smith III LLC
Supreme Bright Portfolio III LLC
Special Warranty Deed
$7,041,957 · Diamond Bank
Dec 2, 2022
$4,720,000
Supreme Bright Portfolio III LLC
Im Fort Smith LP
Special Warranty Deed
—
Dec 2, 2022
—
Im Frt Smith Opco LLC
Im Fort Smith LP
Lease
—
Jul 2, 2014
—
Im Fort Smith LP
Fort Smith Lodging LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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