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    Property profile & analytics

    7606 Ft Chaffee Blvd Fort Smith, AR 72916-6085

    • Retail space
    • 9,000 SF
    • 0.54 lot acres
    OFF-MARKET
    Last Sale
    Jan 28, 2022
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2205655
    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

    • Old Fort Furniture / Furniture Store / Office Furniture Store

    Property Details for 7606 Ft Chaffee Blvd

    Lot size
    0.54 lot acres
    Property size
    9,000 SF
    Property type
    Retail space
    APN
    18883-0000-04083-01
    APU
    1888300000408301

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $410,000
      Market price range: $410k - $1.24M
      AI Estimate
      $255,000
      Market price range: $255k - $1.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Smith
    County
    Sebastian
    State
    Arkansas
    Longitude
    -94.3012
    Latitude
    35.3087
    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
    $1,335
    $1,390
    $23,020
    $24,410
    -
    $6,950
    $115,100
    $122,050

    Comparable in this City

    • Value Estimation
      $285,000
      3,000 SF

      9822 Hwy 71st S

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      9822 Hwy 71st S, Fort Smith, AR 72916-9118
      View Details
    • Value Estimation
      $270,000
      2,432 SF

      7509 Terry St

      RETAIL STORES (PERSONAL SERVICES) • 2,432 SF
      7509 Terry St, Fort Smith, AR 72916-6091
      View Details
    • Value Estimation
      $280,000
      5,400 SF

      14625 Hwy 71st S

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      14625 Hwy 71st S, Fort Smith, AR 72916-9145
      View Details
    • Value Estimation
      $275,000
      2,990 SF

      7309 Terry St

      RETAIL STORES (PERSONAL SERVICES) • 2,990 SF
      7309 Terry St, Fort Smith, AR 72916-6090
      View Details
    • Value Estimation
      $6,515,000
      48,600 SF

      4700 Regions Park Dr

      RETAIL STORES (PERSONAL SERVICES) • 48,600 SF
      4700 Regions Park Dr, Fort Smith, AR 72916-8487
      View Details
    • Value Estimation
      $305,000
      12,966 SF

      15021 Hwy 71st S

      RETAIL STORES (PERSONAL SERVICES) • 12,966 SF
      15021 Hwy 71st S, Fort Smith, AR 72916-0806
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,019 SF

      Office Building in Fort Smith

      2,019 SF office building, formerly a bank branch.
      9201 S 71St St, 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
    • 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
    • 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
    • $390,000
      2.23 Acres

      Fort Smith Retail Property

      7,200 SF Shop, 2.23 Acres
      0 Ellis St, Fort Smith, AR 72916
      View Details
    • $325,000
      4.00 Acres

      Fort Smith Commercial Property For Sale

      Commercial property with highway frontage and leased shop until 2026.
      15640 71 Hwy South, Fort Smith, AR 72916
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      12,500 SF

      Retail Space in Brooken Hill

      Retail or office space in a busy shopping center.
      9220 Highway 71 S, Fort Smith, AR 72916
      View Details
    • $8 SF/Yr
      3,600 SF

      Chaffee Crossing Office/Retail Space

      Office/retail space available in the Chaffee Crossing Historic District.
      7600 Fort Chaffee Blvd, 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
    • $16 SF/Yr
      4,677 SF

      Fort Smith Retail Space for Lease

      Prime Retail, 4,677 sq ft, Multiple Tenants
      7225 Chad Colley Blvd, 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
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    Fort Smith, AR 72916-6085
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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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