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

    3421 Old Greenwood Rd Fort Smith, AR 72903-5461

    • Medical offices
    • 6,866 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1144876
    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

    • Dr. Timothy W. Lawrence, DDS / Pediatric Dentist / Emergency Dental Service
    • River Valley Pediatric Dentistry / Emergency Dental Service / Pediatric Dentist
    • Dr. Emily Fourmy, DDS / Pediatric Dentist
    • Dr. David Ciesla / Practitioner Service Location / Dentist
    • Dr. Emily Fourmy / Dentist / Practitioner Service Location

    Property Details for 3421 Old Greenwood Rd

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.08 lot acres
    Property size
    6,866 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    18411-0005-00000-02
    APU
    1841100050000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,300,000
      Current use
      RESTAURANT
      $1,395,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3922
    Latitude
    35.3504
    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
    $12,229
    $27,200
    $205,740
    $232,940
    -
    $136,000
    $1,028,700
    $1,164,700

    Comparable in this City

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      $2,050,000
      6,864 SF

      7801 Phoenix Ave

      MEDICAL BUILDING • 6,864 SF
      7801 Phoenix Ave, Fort Smith, AR 72903-5091
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    • Value Estimation
      $595,000
      5,776 SF

      5008 U St

      MEDICAL BUILDING • 5,776 SF
      5008 U St, Fort Smith, AR 72903-3613
      View Details
    • Value Estimation
      $5,690,000
      48,218 SF

      3501 We Knight Dr

      MEDICAL BUILDING • 48,218 SF
      3501 We Knight Dr, Fort Smith, AR 72903-6248
      View Details
    • Value Estimation
      $1,180,000
      7,763 SF

      7805 Phoenix Ave

      MEDICAL BUILDING • 7,763 SF
      7805 Phoenix Ave, Fort Smith, AR 72903-5091
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    • Value Estimation by Request
      4,176 SF

      2909 66th St

      MEDICAL BUILDING • 4,176 SF
      2909 66th St, Fort Smith, AR 72903-5003
      View Details
    • Value Estimation
      $1,725,000
      15,440 SF

      3212 70th St

      MEDICAL BUILDING • 15,440 SF
      3212 70th St, Fort Smith, AR 72903-5050
      View Details

    Similar Nearby for Sale

    • $1,350,000
      4,281 SF

      Fort Smith Office Building For Sale

      Class A Office, 4,281 SF, Vacant
      3215 Old Greenwood Rd, Fort Smith, AR 72903
      View Details
    • $1,050,000
      Pending

      Versatile Commercial Space, Fort Smith

      High-visibility commercial property with retail, warehouse, and office potential.
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      High-traffic area, potential commercial use, near airport and attractions.
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    • $117,000
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      Fort Smith Executive Office Space

      Prime Location, 29,232 SF Office Building
      3214 Old Greenwood Rd, Fort Smith, AR 72903
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    • $395,000
      2,328 SF

      Prime Fort Smith Office Building

      Class A Office, 2328 SF, $395,000
      3203 Waco St, Fort Smith, AR 72903
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    • $1,950,000
      10,320 SF

      Fort Smith Class A Office Building

      Prime location, 10,320 sq ft, owner/user.
      5704 Euper Ln, Fort Smith, AR 72903
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    Similar Nearby for Lease

    • $10 SF/Yr
      7,236 SF

      Fort Smith Multi-Tenant Office Complex

      Two buildings, 7,236 sq ft, prime location.
      2301 56Th St, Fort Smith, AR 72903
      View Details
    • $12 SF/Yr
      6,450 SF

      Rogers Ave Office Space For Lease

      Fort Smith Office Building - 5,000 SF Available
      3917 Rogers Ave, 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
      View Details
    • $1,785 /Mo
      2,600 SF

      Spacious Office with Diverse Layout

      2,600 SF office space suitable for various uses.
      3811 Rogers Ave, Fort Smith, AR 72903
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    • $1,700 /Mo
      3,200 SF

      Warehouse with Office Space

      3,200 SF warehouse with office space for lease.
      5007-5009 S 35Th St, Fort Smith, AR 72903
      View Details
    • $16 SF/Yr
      94,903 SF

      Arvest Tower Office Space

      Fort Smith, AR office suites available.
      5000 Rogers Ave, Fort Smith, AR 72903
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    3421 Old Greenwood Rd
    Fort Smith, AR 72903-5461
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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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