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    4601 Massard Rd Fort Smith, AR 72903
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    4601 Massard Rd Fort Smith, AR 72903

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    • Auto shops
    • 4,520 SF
    • 1.21 lot acres
    For Sale
    View Listing →
    Commercial Development Land Available For Sale
    Contact for pricing
    1.00 Acre

    Commercial Development Land Available

    Commercial lots available in fast-growing Chaffee Crossing Community.

    4601 Massard Rd, Fort Smith, AR 72903
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    Property ID
    US05-2334172
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Midas / Auto Repair Shop

    Property Details for 4601 Massard Rd

    Year built
    2022
    Lot size
    1.21 lot acres
    Property size
    4,520 SF
    Property type
    Auto shops
    APN
    10777-0003-00000-00
    APU
    1077700030000000

    Description

    Massard Business Park offers exceptional commercial development opportunities in Fort Smith, Arkansas. This Class A property, built in 2022, boasts a prime location at 4601 Massard Rd, 72903, situated at the entrance to the rapidly expanding Chaffee Crossing community. The park features a variety of lot sizes, ranging from one to thirty-nine acres, suitable for diverse commercial uses including land, mixed-use, office, and retail developments. The permitted zoning is PZD, allowing for flexibility in project planning. The property benefits from its new construction status and strategic location within a thriving area, presenting a compelling investment opportunity for businesses seeking a modern and accessible location. Lots are available for lease under a NNN lease agreement. This professional business park provides an ideal setting for companies looking to establish or expand their operations in a dynamic and growing market. The property's proximity to Chaffee Crossing ensures high visibility and easy access to a burgeoning residential and commercial hub. Inquire today for detailed lot availability and pricing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3403
    Latitude
    35.3376
    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
    $6,233
    $36,895
    $81,820
    $118,715
    -
    $184,475
    $409,100
    $593,575

    Comparable in this City

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      2808 Old Greenwood Rd

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      6812 Phoenix Ave

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      2723 Old Greenwood Rd

      AUTO REPAIR, GARAGE • 4,170 SF
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    • Value Estimation
      $890,000
      7,420 SF

      5710 Rogers Ave

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      5710 Rogers Ave, Fort Smith, AR 72903-3836
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    • Value Estimation
      $670,000
      1,650 SF

      1707 Waldron Rd

      AUTO REPAIR, GARAGE • 1,650 SF
      1707 Waldron Rd, Fort Smith, AR 72903-3247
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      Net Leased Sherwin Williams Store

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      Commercial Development Land Available

      Commercial lots available in fast-growing Chaffee Crossing Community.
      4601 Massard Rd, Fort Smith, AR 72903
      View Details
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      1 SF

      Free-Standing Bank Branch with Drive-Thru

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      Fort Smith Land For Sale

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    Similar Nearby for Lease

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      Retail Spaces Available For Rent

      Retail spaces available, ranging from 180 to 12,900 SqFt.
      5111 Rogers Ave, Fort Smith, AR 72903
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    • $10 SF/Yr
      1,950 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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      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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      2,400 SF

      Prime Retail/Medical Endcap Space

      Class A space with frontage on Rogers Ave.
      4620 Rogers Ave, Fort Smith, AR 72903
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      Retail Space in Established Corridor

      Retail space in established shopping center off Rogers Avenue.
      2301 S 56Th St, Fort Smith, AR 72903
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      1,250 SF

      Retail Space For Rent

      Retail space available for lease in Fort Smith, Arkansas.
      5400 Phoenix Ave, Fort Smith, AR 72903
      View Details
    View Listing
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    Fort Smith, AR 72903
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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.

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