3400 Rogers Ave Fort Smith, AR 72903-2983
Property profile & analytics
3400 Rogers Ave Fort Smith, AR 72903-2983
- Community centers
- 59,713 SF
- 6.96 lot acres
Property ID
US05-0471900
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.
Location Intelligence
Current Use by Public Records
- Jill's Consignment Boutique / Discount Store / (Bike/Boat/Book/etc) Store
- Grayce DeWitt Dance Studio / Training Center
- Seva Yoga Studios / Gym & Fitness Center
- Grifols Biomat USA - Plasma Donation Center / Medical Clinic
- Dollar General / Discount Store
Property Details for 3400 Rogers Ave
- Year built
- 1958
- Lot size
- 6.96 lot acres
- Property size
- 59,713 SF
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 13617-0004-00005-02
- APU
- 1361700040000502
Description
Park Plaza, a 69,106 square foot retail center in Fort Smith, Arkansas, presents a compelling investment opportunity. This fee simple ownership (land and building) includes eleven units, boasting 95% occupancy with a strong tenant mix including Dollar General and Harbor Freight. Tenants occupy a total of 69,106 square feet, generating a substantial net operating income (NOI) of $673,956, representing a 9.25% cap rate. The property features 304 parking spaces and is situated on a 6.96-acre lot zoned C-4. Built in 1958 with renovations in 1965 and 1995, including a recent $200,000 renovation, the property benefits from a new roof with a 20-year warranty and recently resurfaced southern parking lot. Key features include a freestanding pad with a drive-through, corporate guaranteed leases, and multiple anchor tenants. The property enjoys excellent visibility and access along State Highway 22 (34,000 vehicles per day), benefiting from its location within a dense retail corridor near Central Mall and Fort Smith Marketplace, and proximity to the University of Arkansas - Fort Smith campus and Creekmore Park. The 5-mile trade area boasts a population exceeding 85,000 residents and nearly 67,000 daytime employees, with an average household income of $59,000. The asking price is $7,286,000, translating to $105.43 per square foot. This property offers a stable, e-commerce resistant investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,640,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Smith
- County
- Sebastian
- State
- Arkansas
- Longitude
- -94.3941
- Latitude
- 35.3716
- 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
$48,817
$363,810
$566,030
$929,840
-
$1,819,050
$2,830,150
$4,649,200
