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

    6720 Rogers Ave Fort Smith, AR 72903-4066

    • Turn key restaurants
    • 5,707 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1520685
    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

    • It's Just Wings / Chicken Wings Restaurant / Chicken Restaurant
    • Chili's Grill & Bar / Restaurant / Bar & Grill

    Property Details for 6720 Rogers Ave

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.57 lot acres
    Property size
    5,707 SF
    Property type
    Turn key restaurants
    APN
    14755-0001-00000-00
    APU
    1475500010000000

    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
    -94.3584
    Latitude
    35.3556
    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
    $9,505
    $49,800
    $131,240
    $181,040
    -
    $249,000
    $656,200
    $905,200

    Comparable in this City

    • Value Estimation by Request
      2,676 SF

      8901 Rogers Ave

      RESTAURANT • 2,676 SF
      8901 Rogers Ave, Fort Smith, AR 72903-5248
      View Details
    • Value Estimation by Request
      4,968 SF

      8000 Phoenix Ave

      RESTAURANT • 4,968 SF
      8000 Phoenix Ave, Fort Smith, AR 72903-5372
      View Details
    • Value Estimation
      $1,120,000
      4,984 SF

      6401 Rogers Ave

      RESTAURANT • 4,984 SF
      6401 Rogers Ave, Fort Smith, AR 72903-3947
      View Details
    • Value Estimation by Request
      2,580 SF

      5612 Rogers Ave

      RESTAURANT • 2,580 SF
      5612 Rogers Ave, Fort Smith, AR 72903-3750
      View Details
    • Value Estimation
      $730,000
      4,650 SF

      9709 Rogers Ave

      RESTAURANT • 4,650 SF
      9709 Rogers Ave, Fort Smith, AR 72903-5772
      View Details
    • Value Estimation by Request
      8,396 SF

      7401 Rogers Ave

      RESTAURANT • 8,396 SF
      7401 Rogers Ave, Fort Smith, AR 72903-5537
      View Details

    Similar Nearby for Sale

    • $950,000
      2,580 SF

      Rogers Ave Retail Investment

      Arkansas QSR/Restaurant - $950K
      5612 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2 SF

      Rogers Ave & Massard Rd Frontage

      Frontage lots on Rogers Ave and Massard Rd available.
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      Net Leased Sherwin Williams Store

      Corporate net leased Sherwin Williams in Fort Smith, Arkansas.
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    • $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
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    • $269,000
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      Fort Smith Commercial Opportunity

      High-traffic area, potential commercial use, near airport and attractions.
      6200 S Zero St, Fort Smith, AR 72903
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      Fort Smith Executive Office Space

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    Similar Nearby for Lease

    • Contact for pricing
      863,000 SF

      Central Mall Retail Space Available

      Fort Smith, AR Shopping Mall - 28 Spaces
      5111 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $20 SF/Yr
      1,600 SF

      Former Sandwich Shop Retail Space

      Retail space with kitchen, dining area, and great visibility.
      7803 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $2,450,000
      4,984 SF

      Former Restaurant on High-Traffic Avenue

      Restaurant building with equipment on a high-traffic Rogers Avenue.
      6401 Rogers Ave, Fort Smith, AR 72903
      View Details
    • $12 SF/Yr
      31,621 SF

      Fort Smith Office/Retail Suites

      Prime location, multiple suites available.
      4500 Rogers Ave, Fort Smith, AR 72903
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    • $15 SF/Yr
      2,400 SF

      Retail Space in Massard Creek

      Retail space available in Massard Creek Shoppes.
      9501 Rogers Ave, Fort Smith, AR 72903
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    • $10 SF/Yr
      1,350 SF

      Retail Spaces in La Villa

      Retail spaces available in La Villa Shopping Center.
      1217 S Waldron Rd, Fort Smith, AR 72903
      View Details

    Property Visit Statistics

    • Visits by month
      31.6k
    • Visitors by month
      25.9k
    • Avg Time on site
      55 min
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    6720 Rogers Ave
    Fort Smith, AR 72903-4066
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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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