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

    7701 Rogers Ave Fort Smith, AR 72903-5543

    • Retail properties
    • 3,612 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1146014
    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

    • Fresh Market / Grocery & Convenience Store / Food Market
    • Braum's Ice Cream & Dairy Store / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 7701 Rogers Ave

    Year built
    1989
    Lot size
    0.75 lot acres
    Property size
    3,612 SF
    Property type
    Retail properties
    APN
    10697-0001-00000-00
    APU
    1069700010000000

    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
    -94.3472
    Latitude
    35.3516
    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
    $8,261
    $65,460
    $91,890
    $157,350
    -
    $327,300
    $459,450
    $786,750

    Comparable in this City

    • Value Estimation by Request
      2.60 Acres

      Massard Rd And Rogers Ave

      Land • 2 SF
      0 Massard Rd And Rogers Ave, Fort Smith, AR 72903
      View Details
    • Value Estimation by Request
      31,621 SF

      4500 Rogers Ave

      Restaurants • 31,621 SF
      4500 Rogers Ave, Fort Smith, AR 72903
      View Details
    • Value Estimation by Request
      1.10 Acres

      7601 Terry St

      Land • 2,292 SF
      7601 Terry St, Fort Smith, AR 72903
      View Details
    • Value Estimation by Request
      5,942 SF

      4418 Rogers Ave

      ROADSIDE MARKET • 5,942 SF
      4418 Rogers Ave, Fort Smith, AR 72903-3145
      View Details
    • Value Estimation by Request

      4410 Phoenix Ave

      Retail properties
      4410 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • Value Estimation by Request
      7,197 SF

      3825-4201 Phoenix Ave Ft

      Retail properties • 7,197 SF
      3825-4201 Phoenix Ave Ft, Fort Smith, AR 72903
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2 SF

      Rogers Ave & Massard Rd Frontage

      Frontage lots on Rogers Ave and Massard Rd available.
      Massard Rd. And Rogers Ave Lots, Fort Smith, AR 72903
      View Details
    • $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
      1.00 Acre

      Massard Business Park: Fort Smith Lots

      Prime Fort Smith commercial land, new construction.
      4601 Massard Rd, Fort Smith, AR 72903
      View Details
    • $117,000
      29,232 SF

      Fort Smith Executive Office Space

      Prime Location, 29,232 SF Office Building
      3214 Old Greenwood Rd, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      0.58 Acres

      Airport North Commercial Park Lots

      Fort Smith, AR Retail & Land Opportunity
      5700 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      2.60 Acres

      Fort Smith Retail Land Investment

      Prime Rogers & Massard Road lots.
      0 Massard Rd And Rogers Ave, Fort Smith, AR 72903
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,197 SF

      Fort Smith Retail Space Available

      Prime Retail Space, 7,197 SF Total
      3825-4201 Phoenix Ave Ft, Fort Smith, AR 72903
      View Details
    • Contact for pricing
      197,839 SF

      Central Shopping Center - Fort Smith

      Retail space available, high traffic area.
      1200 Waldron Rd, Fort Smith, AR 72903
      View Details
    • $32 SF/Yr
      1,300 SF

      Phoenix Landing Retail Space

      1,300 SF Retail Suite Available in Fort Smith, AR
      4410 Phoenix Ave, Fort Smith, AR 72903
      View Details
    • $10 SF/Yr
      7,236 SF

      Fort Smith Multi-Tenant Office Complex

      Two buildings, 7,236 sq ft, prime location.
      2301 56Th St, Fort Smith, AR 72903
      View Details
    • 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
    • $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
      35.0k
    • Visitors by month
      24.6k
    • Avg Time on site
      15 min
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    7701 Rogers Ave
    Fort Smith, AR 72903-5543
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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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