Property profile

5111 Rogers Ave Fort Smith, AR 72903

OFF-MARKET
Super regional malls
Property ID
US05-1251126
650,209 SF 53.06 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Central Mall, located at 5111 Rogers Ave in Fort Smith, Arkansas (zip code 72903), presents a significant retail opportunity within Sebastian County. This established shopping mall boasts a total of 863,000 square feet of retail space, offering a diverse range of tenancy options. Currently, there are 28 available spaces, ranging in size from a minimum of 180 square feet to a maximum of 35,780 square feet. The largest contiguous space available is 5,609 square feet. A total of 54,401 square feet is currently vacant, providing excellent potential for new businesses or expansion of existing ones. The mall features a food court, adding to its appeal and attracting a significant customer base. The property's prime location in Fort Smith, Arkansas, ensures high visibility and accessibility for tenants. This is an exceptional opportunity to secure retail space in a well-established and thriving shopping center. The property is categorized as a retail mall, offering multiple tenancy options, making it suitable for a variety of businesses. Interested parties should inquire about available space and lease terms. The property is easily accessible via its address on Rogers Avenue.

Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Total area 650,209 SF
Lot 53.06 ac (2,311,294 SF)
APN 18883-0000-01004-00
UPID US05-1251126

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Restaurant
  • Industrial Manufacturer Production Facility
  • Telecommunications Service Data Center
  • Cosmetic Store

Location

5111 Rogers Ave Fort Smith, AR 72903-2047
Fort Smith metro Census 1101 FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.80M
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.54M
Blend (final) Blend
$14.45M

Owner & transaction history

since 2020
Last sale
$17.0M
1 recorded transaction
2020
$17.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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