Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6408 Hwy 71st S Fort Smith, AR 72908-7431

    • Warehouses
    • 28,370 SF
    • 8.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1097611
    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

    • California Customs / Auto Parts Store

    Property Details for 6408 Hwy 71st S

    Year built
    2008
    Lot size
    8.18 lot acres
    Property size
    28,370 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    16933-0001-00000-00
    APU
    1693300010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,928,000
      Market price range: $752k - $1.93M
      AI Estimate
      $1,366,000
      Market price range: $544k - $1.37M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,420,000
      Current use
      AUTO REPAIR, GARAGE
      $2,760,000
      Change: +95% Conversion: Easy
      RETAIL STORES
      $2,405,000
      Change: +70% Conversion: Moderate
      OFFICE BUILDING
      $2,095,000
      Change: +48% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,175,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.408
    Latitude
    35.3227
    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
    $27,232
    $48,700
    $470,000
    $518,700
    -
    $243,500
    $2,350,000
    $2,593,500

    Comparable in this City

    • Value Estimation
      $710,000
      35,908 SF

      8116 Hwy 271st S

      MINI-WAREHOUSE, STORAGE • 35,908 SF
      8116 Hwy 271st S, Fort Smith, AR 72908-7960
      View Details
    • Value Estimation by Request
      11,400 SF

      8103 Texas Rd

      MINI-WAREHOUSE, STORAGE • 11,400 SF
      8103 Texas Rd, Fort Smith, AR 72908-7941
      View Details
    • Value Estimation by Request
      14,274 SF

      8111 Hwy 271st S

      MINI-WAREHOUSE, STORAGE • 14,274 SF
      8111 Hwy 271st S, Fort Smith, AR 72908-7961
      View Details
    • Value Estimation by Request
      2,368 SF

      8100 35th Ter

      MINI-WAREHOUSE, STORAGE • 2,368 SF
      8100 35th Ter, Fort Smith, AR 72908
      View Details
    • Value Estimation by Request
      15,280 SF

      5808 Hwy 271st S

      MINI-WAREHOUSE, STORAGE • 15,280 SF
      5808 Hwy 271st S, Fort Smith, AR 72908-7337
      View Details
    • Value Estimation by Request
      2,440 SF

      8112 Hwy 271st S

      MINI-WAREHOUSE, STORAGE • 2,440 SF
      8112 Hwy 271st S, Fort Smith, AR 72908
      View Details

    Similar Nearby for Sale

    • $274,900
      4,506 SF

      Mixed-Use Building with Drive-Thru

      4500 SF commercial building with retail, office, and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      13,964 SF

      Versatile Industrial Building with Office

      Expansive industrial property with office space and essential amenities.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      13,964 SF

      Fort Smith Manufacturing Warehouse

      13,964 SF manufacturing warehouse with office space for sale.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details
    • $160,000
      1,896 SF

      Versatile Commercial Building in Fort Smith

      Flexible commercial space with office and warehouse areas.
      6500 Pierce Dr, Fort Smith, AR 72908
      View Details
    • $274,900
      4,500 SF

      Fort Smith Commercial Building For Sale

      4500 sq ft commercial building with drive-thru and warehouse.
      7423 Highway 271, Fort Smith, AR 72908
      View Details
    • $945,000
      13,964 SF

      Versatile Office/Warehouse Property For Sale

      Functional office and warehouse space suitable for various business operations.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,667 SF

      Fort Smith Warehouse Space

      12,667 SF warehouse space available for lease.
      1301 Commerce Ct, Fort Smith, AR 72908
      View Details
    • Contact for pricing

      Office and Warehouse Space Available

      Office and warehouse space for lease with dock door.
      5817 S 28Th St, Fort Smith, AR 72908
      View Details
    • Contact for pricing
      10,000 SF

      Fort Smith Warehouse Space

      10,000 SF warehouse space available for lease.
      1400 Commerce Ct, Fort Smith, AR 72908
      View Details
    • $8 SF/Yr
      23,500 SF

      Retail/Warehouse Space on Highway 71

      23,500 SF retail/warehouse space with highway frontage.
      8300 Highway 71 S, Fort Smith, AR 72908
      View Details
    • $59,347
      13,964 SF

      Versatile Office/Warehouse Space Available

      Functional office and warehouse space for lease in Fort Smith.
      3904 Ayers Rd, Fort Smith, AR 72908
      View Details
    • $20,412
      70,000 SF

      Fort Smith Warehouse Space

      70,000 sqft warehouse space in Fort Smith, Arkansas.
      3233 Zero St, Fort Smith, AR 72908
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6408 Hwy 71st S
    Fort Smith, AR 72908-7431
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!