Property profile

603 Lexington Ave Fort Smith, AR 72901

OFF-MARKET
Medical Office Space
Property ID
US05-1296588
6,946 SF 0.48 ac lot Built 1995
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional opportunity to acquire a 6,946 square foot, two-story Class B medical/office building located at 603 Lexington Ave, Fort Smith, AR 72901. Built in 1995 and renovated in 2015, this vacant property sits on a 0.48-acre lot zoned C-2, offering significant flexibility for various uses. Previously configured as a pediatric dental clinic, the building boasts a spacious waiting area, a former game room, accounting area, manager's office, x-ray rooms, a large lab, eight private exam rooms, a substantial open cleaning area with capacity for ten chairs and sinks, a large break area with cubbies, and two private offices on the second floor. The layout is adaptable to a range of medical or general office applications. The asking price is $1,250,000 ($179.96/sq ft). Fixtures, furniture, and equipment are not included in the sale price. This property presents a compelling investment opportunity in a desirable location near Baptist Health Hospital. The building features one unit in a single building. Property details include APN 12763-0003-00070-00 and fee simple ownership.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Total area 6,946 SF
Lot 0.48 ac (21,000 SF)
APN 12763-0003-00070-00
UPID US05-1296588

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
  • Dental Office
  • Dental Office

Location

603 Lexington Ave Fort Smith, AR 72901-4736
Fort Smith metro Census 800 FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$905k
Blend (final) Blend
$935k

Owner & transaction history

since 2020
Last sale
$1.0M
2 recorded transactions
2020
$1.0M
2015
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.4M +7.4%

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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