Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6515 Old Harrison Ln Fort Smith, AR 72916

    • Warehouses
    • 2,500 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    4.4%
    Warehouses
    Location Intelligence
    Property ID
    US05-1498358
    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

    • Warehouses

    Property Details for 6515 Old Harrison Ln

    Lot size
    1.35 lot acres
    Property size
    2,500 SF
    Property type
    Warehouses
    APN
    60788-0003-00000-00
    APU
    6078800030000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $169,000
      Market price range: $66.2k - $170k

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3627
    Latitude
    35.2659
    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
    $1,832
    $17,530
    $21,290
    $38,820
    -
    $87,650
    $106,450
    $194,100

    Comparable in this City

    • Value Estimation
      $225,000
      2,400 SF

      5950 Commerce Rd

      WAREHOUSE, STORAGE • 2,400 SF
      5950 Commerce Rd, Fort Smith, AR 72916-8370
      View Details
    • Value Estimation
      $250,000
      7,680 SF

      7705 Ft Chaffee Blvd

      WAREHOUSE, STORAGE • 7,680 SF
      7705 Ft Chaffee Blvd, Fort Smith, AR 72916
      View Details
    • Value Estimation by Request
      5,400 SF

      7409 Buckhorn St

      WAREHOUSE, STORAGE • 5,400 SF
      7409 Buckhorn St, Fort Smith, AR 72916
      View Details
    • Value Estimation by Request
      500,000 SF

      8201 Flagstone Rd

      Distribution properties • 500,000 SF
      8201 Flagstone Rd, Fort Smith, AR 72916
      View Details
    • Value Estimation
      $235,000
      6,960 SF

      6119 Hwy 45

      WAREHOUSE, STORAGE • 6,960 SF
      6119 Hwy 45, Fort Smith, AR 72916-9390
      View Details
    • Value Estimation
      $150,000
      3,000 SF

      215 Hwy 45

      MINI-WAREHOUSE, STORAGE • 3,000 SF
      215 Hwy 45, Bonanza, AR 72916
      View Details

    Similar Nearby for Sale

    • $267,900
      3,000 SF

      Fort Smith Warehouse with Gated Yard

      3000 sq ft warehouse with easy highway access.
      6605 Old Harrison Ln, Fort Smith, AR 72916
      View Details
    • New
      Contact for pricing
      4,460 SF

      Fort Smith Flex Space Warehouse

      New 4460 SF flex space near I-540.
      4600 Regions Park Dr, Fort Smith, AR 72916
      View Details
    • $57,600
      12,000 SF

      Fort Smith Warehouse for Lease

      12,000 SF warehouse for lease in Fort Smith.
      5703 Steep Hill Rd, Fort Smith, AR 72916
      View Details
    • New
      Contact for pricing
      3,325 SF

      Fort Smith Flex Space Available

      New 3325 SF flex space near I-540.
      4600 Regions Park Dr, Fort Smith, AR 72916
      View Details
    • New
      Contact for pricing
      4,460 SF

      New Flex Space For Sale

      4460 SF flex space near I-540 and Amazon.
      4600 Regions Park Dr, Fort Smith, AR 72916
      View Details
    • Contact for pricing
      100.58 Acres

      100-Acre Industrial Site Hwy 45

      Arkansas Land: Highway 45 Frontage
      9501 State Hwy 45, Bonanza, AR 72916
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      26,000 SF

      Runway Business Park: Flex Space Available

      Modern Flex/Warehouse Units, I-540 Proximity
      4600 Regions Park Dr, Fort Smith, AR 72916
      View Details
    • $3 SF/Yr
      261,000 SF

      Fort Smith Warehouse - Rail Access

      261,000 SF Industrial Space Available
      416 5Th St, Fort Smith, AR 72916
      View Details
    • $4 SF/Yr
      148,736 SF

      Fort Smith Industrial Space

      Industrial property available for lease in Fort Smith, Arkansas.
      8501 Highway 45, Fort Smith, AR 72916
      View Details
    • $21 SF/Yr
      6,050 SF

      Prime Medical Office Space in Fort Smith

      Modern medical office suite, 2,755 sq ft available.
      8101 Mcclure Dr, Fort Smith, AR 72916
      View Details
    • $25 SF/Yr
      6,341 SF

      Fuentes Plaza: Retail Opportunity

      Chaffee Crossing Retail Center - 4 Spaces Available
      7501 Massard Rd, Fort Smith, AR 72916
      View Details
    • $25 SF/Yr
      2,176 SF

      Chaffee Crossing Office Space

      Modern Office, 2176 sq ft Available
      9101 R.a. Young Jr Dr, Fort Smith, AR 72916
      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.
    6515 Old Harrison Ln
    Fort Smith, AR 72916
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.