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    Property profile & analytics

    3024 I St Fort Smith, AR 72901-2324

    • Auto shops
    • 2,400 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1314305
    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

    • Ricardo's J&J Service Center / Auto Repair Shop
    • Ricardo's Auto Diagnostics / Auto Repair Shop

    Property Details for 3024 I St

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.14 lot acres
    Property size
    2,400 SF
    Property type
    Auto shops
    APN
    18581-0028-00009-00
    APU
    1858100280000900

    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
    -94.3989
    Latitude
    35.3866
    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
    $558
    $2,320
    $8,310
    $10,630
    -
    $11,600
    $41,550
    $53,150

    Comparable in this City

    • Value Estimation by Request
      1,168 SF

      2100 Towson Ave

      AUTO REPAIR, GARAGE • 1,168 SF
      2100 Towson Ave, Fort Smith, AR 72901-5905
      View Details
    • Value Estimation by Request
      1,860 SF

      3724 Towson Ave

      AUTO REPAIR, GARAGE • 1,860 SF
      3724 Towson Ave, Fort Smith, AR 72901-7260
      View Details
    • Value Estimation by Request
      1,189 SF

      2911 Grand Ave

      AUTO REPAIR, GARAGE • 1,189 SF
      2911 Grand Ave, Fort Smith, AR 72901-3109
      View Details
    • Value Estimation by Request
      1,488 SF

      800 Towson Ave

      AUTO REPAIR, GARAGE • 1,488 SF
      800 Towson Ave, Fort Smith, AR 72901-4918
      View Details
    • Value Estimation by Request
      6,350 SF

      1720 11th St

      AUTO REPAIR, GARAGE • 6,350 SF
      1720 11th St, Fort Smith, AR 72901-5404
      View Details
    • Value Estimation by Request
      2,592 SF

      1111 O St

      AUTO REPAIR, GARAGE • 2,592 SF
      1111 O St, Fort Smith, AR 72901-5030
      View Details

    Similar Nearby for Sale

    • $579,000
      15,476 SF

      Fort Smith Auto Repair Garage

      Large auto repair garage with 9 bays in Fort Smith.
      1100 S O St, Fort Smith, AR 72901
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    • $579,000
      15,476 SF

      Auto Service Garage For Sale

      Well-known auto repair garage with 9 bays in Fort Smith.
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    • $199,000
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      Fort Smith Commercial Building For Sale

      3,500 sqft commercial building with fenced lot in Fort Smith.
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    • Contact for pricing
      15,476 SF

      Fort Smith Auto Service Garage

      Large auto repair garage with 9 bays in Fort Smith.
      1100 S O St, Fort Smith, AR 72901
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    • $164,900
      2,280 SF

      Fort Smith Car Wash Opportunity

      Self-service car wash with redevelopment potential in Fort Smith.
      1400 N 11Th St, Fort Smith, AR 72901
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    • $599,000
      2,818 SF

      Corner Commercial Property in Fort Smith

      High-traffic commercial property with leasing income and development potential.
      2700 Grand Ave, Fort Smith, AR 72901
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    Similar Nearby for Lease

    • $56,952
      15,476 SF

      Fort Smith Auto Repair Garage

      Large auto repair garage with 9 bays for lease.
      1100 S O St, Fort Smith, AR 72901
      View Details
    • $2,500 /Mo
      1,600 SF

      Former Automotive Repair Shop Available

      16,000 SF former auto repair shop for rent.
      401 Wheeler Ave, Fort Smith, AR 72901
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    • $2,100 /Mo
      1,928 SF

      Former Car Lot Available

      Retail and shop buildings on a former car lot.
      1811 Towson Ave, Fort Smith, AR 72901
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    • $3,500 /Mo
      1,890 SF

      Move-In Ready Convenience Store Space

      1,890 SF convenience store with gas pumps for lease.
      5307 Towson Ave, Fort Smith, AR 72901
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    • $28,800
      4,800 SF

      Fort Smith Commercial Metal Building

      4800 sqft metal building with high visibility and parking.
      1600 Towson Ave, Fort Smith, AR 72901
      View Details
    • Contact for pricing

      Downtown Fort Smith Landmark Building

      Iconic building with retail and office space for lease.
      701 Garrison Ave, Fort Smith, AR 72901
      View Details
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    3024 I St
    Fort Smith, AR 72901-2324
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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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