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Property profile & analytics
OFF-MARKET
Estimated value
$915,000
Strip malls
4301 Regions Park Dr Fort Smith, AR 72916-9381
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-1339223
Property summary
AI-generated overview
This 3,000 square foot traditional office space is available for lease in Fort Smith, Arkansas. Located at 4301 Regions Pk Dr Ste 1, 72916, this property is part of a larger 4,500 square foot building with multiple tenants. The suite features one overhead door and a restroom, making it suitable for a variety of office uses. The lease price is $2,000 per month, plus a $50 monthly water fee. This convenient location offers excellent access to transportation, situated at the corner of Highway 45 and Zero Street. The property benefits from its proximity to Interstate 540 on-ramps (within half a mile) and its closeness to the Fort Smith Regional Airport. The building is located in Sebastian County, Arkansas. This space presents a great opportunity for businesses seeking a well-located and functional office environment in a thriving area. The available space represents a significant portion of the building's total 4,500 square feet. Interested parties should inquire about lease terms and availability.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
37,089 SF
Lot
2.48 ac (108,029 SF)
APN
16461-0007-00000-00
UPID
US05-1339223
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Attitudes Performing Arts Training Center
-
Championship MMA Training Center Sports School
-
Fort Smith Escape Room Arcade & Gaming Center Family Recreation Center
-
Fort Smith Animal Emergency Veterinary Clinic
-
Vision Exteriors Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$915k
Owner & transaction history
Arkansas State Highway Commission · 4 yrs held
Arkansas State Highway Commission
since 2022
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+3.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Smith submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Smith submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Current use
WAREHOUSE, STORAGE
$1,185,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$915k
Range $824k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,838
Tax year 2024
Assessed value
$580,420
Assessed 2024
Previous assessed
$580,420
+0.0% YoY
Effective rate
3.93%
On assessed value
Assessed land
$32,460
Assessed improvement
$547,960
Land market value
$162,300
Improvement market value
$2,739,800
Total market value
$2,902,100
Applied tax rate
99.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
37,089 SF
Lot
2.48 ac (108,029 SF)
APN
16461-0007-00000-00
UPID
US05-1339223
Jurisdiction
SEBASTIAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Arkansas State Highway Commission
Individual
Mailing address
4320 INDUSTRIAL DR, FORT SMITH, AR 72916-9194
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
Zero Business Park INC
—
Deed
related
$1,000,000
Mar 25, 2026
—
Zero Business Park INC
—
Deed
related
$800,000 · First Security Bank
Jan 11, 2022
—
Arkansas State Highway Commission
Zero Bisiness Park INC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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