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    Property profile & analytics

    5201 S 66Th St Fort Smith, AR 72903

    • Land
    For Sale
    View listing
    $1,550,000
    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

    • Land

    Property Details for 5201 S 66Th St

    Property type
    Land

    Description

    Large tract of land for sale on 66th Street in Fort Smith, Arkansas near the Fort Smith Regional Airport, Interstate 540 and the main business and shopping corridor of the city. Nearby attractions include Parrot Island Waterpark, Ben Geren Regional Park, Arkansas River and Holis Lake campgrounds, along with historic downtown Fort Smith. **Mineral rights do not convey.

    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
    -94.358294
    Latitude
    35.332026

    Comparable in this City

    • Contact for pricing

      Land For Sale

      Land available for purchase.
      5600 Duncan Rd, Fort Smith, AR 72903
      View Details
    • $5,766,350

      Fort Smith Land Tract Available

      Large land tract near airport, I-540, and business corridor.
      7401 Zero St, Fort Smith, AR 72903
      View Details
    • $465,000
      2.77 Acres

      Commercial Land on Rogers Avenue

      Vacant commercial land with high traffic and billboard income.
      9201 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Commercial Lots Near Rogers Avenue

      Two commercial lots available near Rogers Avenue in Fort Smith.
      Cameron Park Dr, Fort Smith, AR 72903
      View Details
    • $1,950,000

      Fort Smith Land Tract For Sale

      Large land tract near airport, I-540, and shopping corridor.
      5201 S 66Th St, Fort Smith, AR 72903
      View Details
    • $99,900
      1.71 Acres

      Fort Smith Acreage for Home

      Residential land in Fort Smith, ideal for building a home.
      100 Free Ferry Lndg, Fort Smith, AR 72903
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for purchase.
      5600 Duncan Rd, Fort Smith, AR 72903
      View Details
    • $5,766,350

      Fort Smith Land Tract Available

      Large land tract near airport, I-540, and business corridor.
      7401 Zero St, Fort Smith, AR 72903
      View Details
    • $465,000
      2.77 Acres

      Commercial Land on Rogers Avenue

      Vacant commercial land with high traffic and billboard income.
      9201 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Commercial Lots Near Rogers Avenue

      Two commercial lots available near Rogers Avenue in Fort Smith.
      Cameron Park Dr, Fort Smith, AR 72903
      View Details
    • $1,950,000

      Fort Smith Land Tract For Sale

      Large land tract near airport, I-540, and shopping corridor.
      5201 S 66Th St, Fort Smith, AR 72903
      View Details
    • $99,900
      1.71 Acres

      Fort Smith Acreage for Home

      Residential land in Fort Smith, ideal for building a home.
      100 Free Ferry Lndg, 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

      Phoenix Avenue Vacant Land

      2.23-acre vacant lot on Phoenix Avenue available for lease.
      4500 Phoenix Ave, 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

      Commercial Land For Lease

      Vacant outparcel in front of The Home Depot.
      5101 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Vacant Lot on Rogers Avenue

      Vacant commercial lot available for lease or purchase.
      8701 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Home Depot Outparcel Ground Lease

      Vacant land outparcel in front of The Home Depot.
      5101 Phoenix Ave, Fort Smith, AR 72903
      View Details
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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.

    More about this property
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