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

    6601 Phoenix Ave Fort Smith, AR 72903-5092

    • Office buildings
    • 16,934 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimations
    $2,370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0876305
    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

    • Fort Smith Wic Clinic / Medical Clinic
    • Cyd Scoggins / Spa & Massage Center / Alternative Medicine Practice
    • Kid's First / Daycare Center
    • UAMS Health - Stacey A. Frederick, ECDS / Spa & Massage Center / Alternative Medicine Practice
    • Jennifer Sutton / Foster Care Service / Social Service Agency

    Property Details for 6601 Phoenix Ave

    Year built
    2003
    Lot size
    1.71 lot acres
    Property size
    16,934 SF
    Property type
    Office buildings
    APN
    16017-0001-00000-00
    APU
    1601700010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,005,000
      6.5%
      $2,775,000
      7%
      $2,580,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,687,000
      Market price range: $926k - $2.73M
      AI Estimate
      $1,639,000
      Market price range: $595k - $1.94M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,975,000
      Current use
      RESTAURANT
      $3,445,000
      Change: +75% Conversion: Moderate
      MEDICAL BUILDING
      $3,210,000
      Change: +63% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,650,000
      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
    -94.3594
    Latitude
    35.3483
    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
    $21,242
    $119,180
    $285,420
    $404,600
    -
    $595,900
    $1,427,100
    $2,023,000

    Comparable in this City

    • Value Estimation
      $23,175,000
      195,068 SF

      3801 Old Greenwood Rd

      OFFICE BUILDING • 195,068 SF
      3801 Old Greenwood Rd, Fort Smith, AR 72903-5937
      View Details
    • Value Estimation by Request
      2,040 SF

      5600 Airport Blvd

      OFFICE BUILDING • 2,040 SF
      5600 Airport Blvd, Fort Smith, AR 72903-6053
      View Details
    • Value Estimation
      $750,000
      5,976 SF

      2200 Waldron Rd

      OFFICE BUILDING • 5,976 SF
      2200 Waldron Rd, Fort Smith, AR 72903-3088
      View Details
    • Value Estimation by Request
      780 SF

      2502 58th St

      OFFICE BUILDING • 780 SF
      2502 58th St, Fort Smith, AR 72903-3829
      View Details
    • Value Estimation by Request
      2,599 SF

      1309 41st St

      OFFICE BUILDING • 2,599 SF
      1309 41st St, Fort Smith, AR 72903-1833
      View Details
    • Value Estimation by Request
      9,816 SF

      3324 Vicksburg St

      OFFICE BUILDING • 9,816 SF
      3324 Vicksburg St, Fort Smith, AR 72903-6826
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,281 SF

      New Commercial Building in Fort Smith

      Newly constructed commercial building with modern design and ample parking.
      3215 Old Greenwood Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      10,320 SF

      Two-Story Office Building Near I-540

      Two-story office building with open work areas and private offices.
      5704 Euper Ln, Fort Smith, AR 72903
      View Details
    • $1,050,000
      Pending

      Versatile Commercial Space, Fort Smith

      High-visibility commercial property with retail, warehouse, and office potential.
      9705 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Commercial Development Land Available

      Commercial lots available in fast-growing Chaffee Crossing Community.
      4601 Massard Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2,328 SF

      Office Building with Shop Space

      Mixed-use property featuring office space and a shop.
      3203 Waco St, Fort Smith, AR 72903
      View Details
    • $725,000
      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

    Similar Nearby for Lease

    • $13 SF/Yr

      Executive Office Building For Rent

      Two-story office building with multiple options, convenient location.
      3811 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Premier Medical Office Suites

      Modern medical office suites available for lease in Fort Smith.
      1501 S Waldron Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing

      Rogers Avenue Retail/Office Space

      Retail/office space available on Rogers Avenue in Fort Smith, AR.
      5819 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $1,750 /Mo
      2,275 SF

      Versatile Flex Space in Fort Smith

      Flex space in high-traffic Fort Smith shopping center.
      6802-6808 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $285 SF/Yr
      330 SF

      Second Floor Office Space

      Office space for rent, approximately 330 square feet.
      5008 S U St, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2,400 SF

      Prime Retail/Medical Endcap Space

      Class A space with frontage on Rogers Ave.
      4620 Rogers Ave, Fort Smith, AR 72903
      View Details
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    6601 Phoenix Ave
    Fort Smith, AR 72903-5092
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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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