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    Property profile & analytics

    507 Garrison Ave Fort Smith, AR 72901-2506

    • Turn key restaurants
    • 4,007 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Nov 05, 2020
    $375,000
    Location Intelligence
    Property ID
    US05-1286549
    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

    • Turn key restaurants

    Property Details for 507 Garrison Ave

    Lot size
    0.10 lot acres
    Property size
    4,007 SF
    Property type
    Turn key restaurants
    APN
    11317-0002-00024-00
    APU
    1131700020002400

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $460,000
      6.5%
      $445,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $440,000
      Mixed-Use
      $435,000
      Hospitality
      $485,000
      Educational
      $530,000
      Residential Income
      $545,000
      Energy
      $540,000
      Income-Based Land
      $390,000
      Food Service
      $535,000

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.4257
    Latitude
    35.3879
    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
    $3,776
    $5,460
    $66,470
    $71,930
    -
    $27,300
    $332,350
    $359,650

    Comparable in this City

    • Value Estimation by Request
      1,008 SF

      1719 Rogers Ave

      RESTAURANT • 1,008 SF
      1719 Rogers Ave, Fort Smith, AR 72901-3953
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    • Value Estimation by Request
      1,288 SF

      2214 Rogers Ave

      RESTAURANT • 1,288 SF
      2214 Rogers Ave, Fort Smith, AR 72901-3938
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    • Value Estimation by Request
      1,904 SF

      1500 Towson Ave

      RESTAURANT • 1,904 SF
      1500 Towson Ave, Fort Smith, AR 72901-5039
      View Details
    • Value Estimation
      $410,000
      6,439 SF

      1521 Rogers Ave

      RESTAURANT • 6,439 SF
      1521 Rogers Ave, Fort Smith, AR 72901-3824
      View Details
    • Value Estimation
      $125,000
      1,500 SF

      3802 Towson Ave

      RESTAURANT • 1,500 SF
      3802 Towson Ave, Fort Smith, AR 72901-7262
      View Details
    • Value Estimation by Request
      1,658 SF

      408 Greenwood Ave

      RESTAURANT • 1,658 SF
      408 Greenwood Ave, Fort Smith, AR 72901-3456
      View Details

    Similar Nearby for Sale

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      Remodeled Commercial Building with Nightlife

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    • Contact for pricing
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      Fort Smith Restaurant - $215K

      Established Restaurant, High Traffic Area
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    • $425,000
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      Historic Garrison Avenue Mixed-Use Building

      Mixed-use building with restaurant and apartments in downtown Fort Smith.
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    Similar Nearby for Lease

    • $85 SF/Yr
      15,384 SF

      Rogers Ave Retail Space For Lease

      High-visibility retail space in Fort Smith, AR
      1700 Rogers Ave, Fort Smith, AR 72901
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    • $3,500 /Mo
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      Move-In Ready Convenience Store Space

      1,890 SF convenience store with gas pumps for lease.
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    • $1,200 /Mo
      1,281 SF

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      Stand-alone retail building with garage space and office.
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    • $3,500 /Mo
      4,800 SF

      Downtown Retail Space Available

      Retail space with offices, washroom, and breakroom in downtown.
      504 Garrison Ave, Fort Smith, AR 72901
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    • $11 SF/Yr
      14,440 SF

      Fort Smith Office Suites Available

      Prime Fort Smith Office Space, Multiple Suites
      300 Greenwood Ave, Fort Smith, AR 72901
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    • $2,100 /Mo
      1,928 SF

      Former Car Lot Available

      Retail and shop buildings on a former car lot.
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    507 Garrison Ave
    Fort Smith, AR 72901-2506
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    Realmo Value Estimation

    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.

    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.

    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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