Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4001 Harper Ave Fort Smith, AR 72908

    • Office buildings
    • 22,360 SF
    • 1.44 lot acres
    OFF-MARKET
    Last Sale
    Nov 01, 2021
    $6,975
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1130977
    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

    • Medley Equipment Company / Forklift Dealer / Industrial Equipment Supplier
    • Vallen / Electrical Supply Store

    Property Details for 4001 Harper Ave

    Lot size
    1.44 lot acres
    Property size
    22,360 SF
    Property type
    Office buildings
    APN
    14000-0001-00000-01
    APU
    1400000010000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3883
    Latitude
    35.3136
    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
    $8,175
    $7,780
    $147,930
    $155,710
    -
    $38,900
    $739,650
    $778,550

    Comparable in this City

    • Value Estimation
      $265,000
      1,680 SF

      7423 Hwy 271st S Ste, Unit 106

      OFFICE BUILDING • 1,680 SF
      7423 Hwy 271st S Ste, Fort Smith, AR 72908-8063
      View Details
    • Value Estimation
      $265,000
      3,000 SF

      7415 Hwy 271st S

      OFFICE BUILDING • 3,000 SF
      7415 Hwy 271st S, Fort Smith, AR 72908-8020
      View Details
    • Value Estimation
      $340,000
      2,500 SF

      9701 Hwy 271st S

      OFFICE BUILDING • 2,500 SF
      9701 Hwy 271st S, Fort Smith, AR 72908
      View Details
    • Value Estimation
      $255,000
      1,739 SF

      3905 Brooken Hl Dr

      OFFICE BUILDING • 1,739 SF
      3905 Brooken Hl Dr, Fort Smith, AR 72908-9282
      View Details
    • Value Estimation
      $785,000
      14,659 SF

      7600 Ball Rd

      OFFICE BUILDING • 14,659 SF
      7600 Ball Rd, Fort Smith, AR 72908-8420
      View Details
    • Value Estimation
      $405,000
      18,360 SF

      8010 Ball Rd

      OFFICE BUILDING • 18,360 SF
      8010 Ball Rd, Fort Smith, AR 72908-8428
      View Details

    Similar Nearby for Sale

    • $945,000
      13,964 SF

      Versatile Office/Warehouse Property For Sale

      Functional office and warehouse space suitable for various business operations.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      3,725 SF

      Fort Smith Retail/Medical Opportunity

      Retail or medical suites available in high-traffic Fort Smith location.
      9207 Unit 10 & 11, Fort Smith, AR 72908
      View Details
    • $59,347
      13,964 SF

      Versatile Office/Warehouse Property For Sale

      Functional office and warehouse space with room to grow.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details
    • $189,000
      1,896 SF

      Versatile Commercial Building in Fort Smith

      1,896 sq ft building suitable for various businesses.
      6500 Pierce Dr, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      1,250 SF

      Fort Smith Medical/Dental Office

      Medical/Dental office space for sale in Fort Smith, Arkansas.
      9207 Highway 71 S 7, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      14.24 Acres

      Fort Smith Industrial Land - 14 Acres

      Prime Industrial/Commercial Land, Excellent Location
      4801 Siegenthaler Rd, Fort Smith, AR 72908
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,739 SF

      Standalone Office Building For Lease

      Single tenant office building suitable for medical or general office.
      3905 Brooken Hill Dr, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      2,400 SF

      Medical Office Space Available

      Anchored medical office space near I-540 in Fort Smith.
      2501 Market Trce, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      2,556 SF

      Prime Retail/Office Space in Fianna Village

      1,548 SF Executive Office Suite Available
      8901 Jenny Lind Rd, Fort Smith, AR 72908
      View Details
    • $8 SF/Yr
      9,000 SF

      9,000 SF Fort Smith Office/Retail

      Prime location, ample parking, versatile space.
      6115 Us-271, Fort Smith, AR 72908
      View Details
    • $5 SF/Yr
      7,760 SF

      2809 Mckinley Ave

      Distribution properties • 7,760 SF
      2809 Mckinley Ave, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      863,000 SF

      Central Mall Retail Space

      Fort Smith, AR: Prime Retail Opportunity
      5111 Rogers Ave, Fort Smith, AR 72908
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4001 Harper Ave
    Fort Smith, AR 72908
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.