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

    3601 Park Ave Fort Smith, AR 72903-1735

    • Self service car washes
    • 2,454 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Feb 26, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1464027
    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

    • PARK TOBACCO & GAS / (Bike/Boat/Book/etc) Store
    • LibertyX Bitcoin ATM / Atm
    • ATM (ATM Link, Inc.) / Atm
    • Bitcoin ATM Fort Smith - Coinhub / Atm / Currency Exchange Service

    Property Details for 3601 Park Ave

    Lot size
    0.36 lot acres
    Property size
    2,454 SF
    Property type
    Self service car washes
    APN
    10333-0002-00000-00
    APU
    1033300020000000

    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
    -94.3926
    Latitude
    35.3787
    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
    $1,572
    $8,940
    $21,000
    $29,940
    -
    $44,700
    $105,000
    $149,700

    Comparable in this City

    • Value Estimation
      $505,000
      3,868 SF

      5608 Zero St

      CAR WASH - SELF-SERVE • 3,868 SF
      5608 Zero St, Fort Smith, AR 72903-6503
      View Details
    • Value Estimation by Request
      2,486 SF

      3701 Rogers Ave

      CAR WASH - SELF-SERVE • 2,486 SF
      3701 Rogers Ave, Fort Smith, AR 72903-2963
      View Details
    • Value Estimation by Request
      3,744 SF

      3751 Rogers Ave

      CAR WASH - AUTOMATED • 3,744 SF
      3751 Rogers Ave, Fort Smith, AR 72903-2963
      View Details
    • Value Estimation
      $590,000
      4,725 SF

      3410 74th St

      CAR WASH - AUTOMATED • 4,725 SF
      3410 74th St, Fort Smith, AR 72903-5026
      View Details
    • Value Estimation
      $1,150,000
      4,445 SF

      8411 Phoenix Ave

      CAR WASH - AUTOMATED • 4,445 SF
      8411 Phoenix Ave, Fort Smith, AR 72903-6143
      View Details
    • Value Estimation
      $625,000
      5,000 SF

      Fort

      AUTO REPAIR, GARAGE • 5,000 SF
      Fort, Smith, AR 72903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.60 Acres

      Fort Smith Retail Land Investment

      Prime Rogers & Massard Road lots.
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      Former Bank Branch on Rogers

      Highly visible former bank branch with drive-thru on 1.63 acres.
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      Premier Mixed-Use Commercial Space

      Office and retail suites available in growing Fort Smith market.
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      2 SF

      Rogers Ave & Massard Rd Frontage

      Frontage lots on Rogers Ave and Massard Rd available.
      Massard Rd. And Rogers Ave Lots, 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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    • $117,000
      29,232 SF

      Fort Smith Executive Office Space

      Prime Location, 29,232 SF Office Building
      3214 Old Greenwood Rd, Fort Smith, AR 72903
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    Similar Nearby for Lease

    • Contact for pricing
      863,000 SF

      Central Mall Retail Space Available

      Fort Smith, AR Shopping Mall - 28 Spaces
      5111 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
      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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    • $12 SF/Yr
      31,621 SF

      Fort Smith Office/Retail Suites

      Prime location, multiple suites available.
      4500 Rogers Ave, Fort Smith, AR 72903
      View Details
    • 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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    3601 Park Ave
    Fort Smith, AR 72903-1735
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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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