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

    6814 Hwy 71st S Fort Smith, AR 72908-7805

    • Bars
    • 1,604 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0866624
    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

    • Bars

    Property Details for 6814 Hwy 71st S

    Lot size
    1.59 lot acres
    Property size
    1,604 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    18883-0000-02539-00
    APU
    1888300000253900

    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
    -94.4033
    Latitude
    35.3177
    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
    $1,861
    $27,000
    $8,440
    $35,440
    -
    $135,000
    $42,200
    $177,200

    Comparable in this City

    • Value Estimation
      $1,180,000
      20,400 SF

      6107 31st St

      BAR, TAVERN • 20,400 SF
      6107 31st St, Fort Smith, AR 72908-7554
      View Details
    • Value Estimation by Request
      9,000 SF

      2504 Market Trce

      DRIVE-THRU RESTAURANT, FAST FOOD • 9,000 SF
      2504 Market Trce, Fort Smith, AR 72908-8676
      View Details
    • Value Estimation
      $650,000
      3,681 SF

      7830 Hwy 71st S

      RESTAURANT • 3,681 SF
      7830 Hwy 71st S, Fort Smith, AR 72908-8359
      View Details
    • Value Estimation by Request
      2,400 SF

      6500 Hwy 271st S

      RESTAURANT • 2,400 SF
      6500 Hwy 271st S, Fort Smith, AR 72908-7239
      View Details
    • Value Estimation by Request
      1,721 SF

      9009 Hwy 71st S

      RESTAURANT • 1,721 SF
      9009 Hwy 71st S, Fort Smith, AR 72908-8412
      View Details
    • Value Estimation by Request
      2,990 SF

      7824 Hwy 71st S

      RESTAURANT • 2,990 SF
      7824 Hwy 71st S, Fort Smith, AR 72908-8359
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,725 SF

      Fort Smith Retail/Medical Opportunity

      Retail or medical suites available in high-traffic Fort Smith location.
      9207 Unit 10 & 11, Fort Smith, AR 72908
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    • Contact for pricing
      2,350 SF

      Retail Space in Fort Smith

      Retail property in Fort Smith's growth corridor with suites available.
      9207 Highway 71 S 10, Fort Smith, AR 72908
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    • $274,900
      0.46 Acres

      Commercial Building with Drive-Thru

      4500 sq ft commercial building with retail and warehouse space.
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    • $380,000
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      Fort Smith Mixed-Use Commercial Property

      Prime Retail & Warehouse Investment Opportunity
      5900 Hwy 271s, Fort Smith, AR 72908
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    • $4,589,000
      3,600 SF

      NNN Leased Circle K Gas

      NNN leased Circle K with 19 years remaining.
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      Versatile Commercial Building in Fort Smith

      1,896 sq ft building suitable for various businesses.
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    Similar Nearby for Lease

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      863,000 SF

      Central Mall Retail Space

      Fort Smith, AR: Prime Retail Opportunity
      5111 Rogers Ave, 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
    • Contact for pricing
      2,556 SF

      Prime Retail/Office Space in Fianna Village

      1,548 SF Executive Office Suite Available
      8901 Jenny Lind Rd, Fort Smith, AR 72908
      View Details
    • $8 SF/Yr
      9,000 SF

      9,000 SF Fort Smith Office/Retail

      Prime location, ample parking, versatile space.
      6115 Us-271, Fort Smith, AR 72908
      View Details
    • $4,500 /Mo

      Highway 71 South Land Lease

      3.7 acres of land available for lease on Highway 71.
      6700 Highway 71 S, Fort Smith, AR 72908
      View Details
    • $2,000 /Mo
      1,739 SF

      Standalone Office Building For Lease

      Single tenant office building suitable for medical or general office.
      3905 Brooken Hill Dr, Fort Smith, AR 72908
      View Details
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    Fort Smith, AR 72908-7805
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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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