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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5201 S 66Th St Fort Smith, AR 72903

    • Commercial real estate
    • 49.80 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0624319
    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

    • Commercial real estate

    Property Details for 5201 S 66Th St

    Lot size
    49.80 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 49.8-acre commercial land parcel is ideally situated in Fort Smith, Arkansas, at 5201 S 66th St, zip code 72903, in Sebastian County. Offered at $1,950,000, this represents a land value of $30,120 per acre. The property enjoys convenient access to Interstate 540, placing it within easy reach of the city's main business and shopping districts. Its proximity to the Fort Smith Regional Airport further enhances its strategic value. Recreational amenities are also nearby, including Parrot Island Waterpark, Ben Geren Regional Park, the Arkansas River, and Holis Lake campgrounds. The property's location also offers easy access to historic downtown Fort Smith. Note that an adjacent 149.87-acre lot is also available for purchase. This presents a unique opportunity for large-scale development or investment. Mineral rights are not included in this sale. This expansive tract offers significant potential for a variety of commercial ventures, capitalizing on its prime location and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3593432
    Latitude
    35.3314462

    Comparable in this City

    • $5,766,350

      Fort Smith Agricultural Land Investment

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      7401 Zero St, Fort Smith, AR 72903
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      0.72 Acres

      Massard Road Commercial Land

      Fort Smith, AR commercial lots
      0 Massard Rd, Fort Smith, AR 72903
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    • $769,000
      8.40 Acres

      Fort Smith Commercial Land - $769K

      8.4 Acres, C-5 & R-3 Zoning, Prime Location
      1200 Fresno St, Fort Smith, AR 72903
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    • $345,000
      1.58 Acres

      Fort Smith Industrial Land Parcel

      1.58-acre I-1 zoned lot, $345,000
      5720 Massard Rd, Fort Smith, AR 72903
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    • $795,000
      2.28 Acres

      Fort Smith Land For Sale

      2.28 acre commercial land near Mercy Hospital campus.
      6613 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $5,766,350
      149.87 Acres

      Fort Smith Land for Sale

      Large tract of land near airport, I-540, and shopping.
      7401 Zero St, Fort Smith, AR 72903
      View Details

    Similar Nearby for Sale

    • $5,766,350

      Fort Smith Agricultural Land Investment

      Prime AR farmland, commercial zoning.
      7401 Zero St, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      0.72 Acres

      Massard Road Commercial Land

      Fort Smith, AR commercial lots
      0 Massard Rd, Fort Smith, AR 72903
      View Details
    • $769,000
      8.40 Acres

      Fort Smith Commercial Land - $769K

      8.4 Acres, C-5 & R-3 Zoning, Prime Location
      1200 Fresno St, Fort Smith, AR 72903
      View Details
    • $345,000
      1.58 Acres

      Fort Smith Industrial Land Parcel

      1.58-acre I-1 zoned lot, $345,000
      5720 Massard Rd, Fort Smith, AR 72903
      View Details
    • $795,000
      2.28 Acres

      Fort Smith Land For Sale

      2.28 acre commercial land near Mercy Hospital campus.
      6613 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $5,766,350
      149.87 Acres

      Fort Smith Land for Sale

      Large tract of land near airport, I-540, and shopping.
      7401 Zero St, Fort Smith, AR 72903
      View Details

    Similar Nearby for Lease

    • $178,000
      21,780 SF

      Fort Smith Commercial Land Opportunity

      Prime 0.5-acre lot, ideal ground lease.
      46th St Ft, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Prime Rogers Avenue Lot

      Commercial lot available for build-to-suit or ground lease.
      7615 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Phoenix Avenue Vacant Land

      2.23-acre vacant lot on Phoenix Avenue available for lease.
      4500 Phoenix Ave, Fort Smith, AR 72903
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    • Contact for pricing
      36,258 SF

      Rogers Ave Commercial Land

      High-traffic Fort Smith lot, ideal for development.
      8701 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Fort Smith Commercial Land Outparcel

      High-visibility 1.2-acre lot, ideal for ground lease.
      5101 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      197,839 SF

      Central Shopping Center - Fort Smith

      Retail space available, high traffic area.
      1200 Waldron Rd, Fort Smith, AR 72903
      View Details
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    5201 S 66Th St
    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.

    More about this property
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