1801 Brazil AveFort Smith, AR 72908

Property Details for 1801 Brazil Ave

Lot size

0.81 AC

Property size (Sq ft)

16,320 SF

Property type

Office buildings

APN

14258-0002-00000-00

APU

1425800020000000

Description

This exceptional 16,320-square-foot flex space in Fort Smith, Arkansas, presents a rare investment opportunity. Built in 2000, this two-story building sits on a 0.81-acre lot and offers versatile usage potential, ideal for storage, warehouse, or service businesses. The property features one dock-high door, a convenient elevator servicing the second-floor storage area, and a reinforced concrete safe room. Its prime location provides easy access to major transportation routes, enhancing its appeal. The large parking area adds significant convenience. The asking price is $900,000, translating to $55.15 per square foot. This property's unique combination of size, features, and location makes it a highly desirable asset in a market with limited comparable properties. The potential to acquire an adjoining office building offers further expansion possibilities for a combined office/warehouse operation. This is a compelling opportunity for investors seeking a strong return in a thriving Arkansas market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,422,644

  6.5%

  $1,313,210

  7%

  $1,219,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,167,370

  Geo Method

  $1,167,370

• Alternative Use

  Use

  Valuation

  Residential

  $1,628,381

  Hospitality

  $1,491,588

  Educational

  $1,240,984

  Medical

  $1,283,663

  Retail

  $1,930,419

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3267

Longitude

-94.4162

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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