5101 Old Greenwood RdFort Smith, AR 72903

Property Details for 5101 Old Greenwood Rd

Lot size

1.11 AC

Property size (Sq ft)

5,202 SF

Property type

Office buildings

APN

18883-0000-02043-00

APU

1888300000204300

Description

This exceptional office property at 5101 Old Greenwood Road in Fort Smith, Arkansas, offers a variety of flexible workspace solutions. The building, constructed in 1997, comprises a single, two-story structure totaling 5,202 square feet. Currently, 560 square feet of immediately available space is perfect for an executive office, coworking setup, or traditional office use. The minimum leasable space is 560 square feet, which is also the maximum contiguous space currently available. Multiple tenancy options are available, making it suitable for a range of business needs. The property boasts a highly convenient location just off Interstate 540, ensuring easy access for clients and employees. Ample parking is provided for tenants and visitors. A significant advantage is the inclusion of utilities in the lease price, simplifying budgeting and administration. Located in Sebastian County, Arkansas, with a zip code of 72903, this property presents a compelling opportunity for businesses seeking a well-maintained, accessible, and cost-effective office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $453,468

  6.5%

  $418,586

  7%

  $388,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,099

  Geo Method

  $372,099

• Alternative Use

  Use

  Valuation

  Residential

  $519,046

  Hospitality

  $475,444

  Educational

  $395,564

  Medical

  $409,168

  Retail

  $615,321

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3344

Longitude

-94.3883

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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