4301 Regions Park DrFort Smith, AR 72916

Property Details for 4301 Regions Park Dr

Year built

2001

Lot size

2.48 AC

Property size (Sq ft)

37,089 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

16461-0007-00000-00

APU

1646100070000000

Description

This 3,000 square foot traditional office space is available for lease in Fort Smith, Arkansas. Located at 4301 Regions Pk Dr Ste 1, 72916, this property is part of a larger 4,500 square foot building with multiple tenants. The suite features one overhead door and a restroom, making it suitable for a variety of office uses. The lease price is $2,000 per month, plus a $50 monthly water fee. This convenient location offers excellent access to transportation, situated at the corner of Highway 45 and Zero Street. The property benefits from its proximity to Interstate 540 on-ramps (within half a mile) and its closeness to the Fort Smith Regional Airport. The building is located in Sebastian County, Arkansas. This space presents a great opportunity for businesses seeking a well-located and functional office environment in a thriving area. The available space represents a significant portion of the building's total 4,500 square feet. Interested parties should inquire about lease terms and availability.

• CAP approach

  CAP return

  Valuation

  6%

  $4,752,681

  6.5%

  $4,387,090

  7%

  $4,073,727

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,685,500

  Geo Method

  $6,685,500

• Alternative Use

  Use

  Valuation

  Residential

  $3,700,675

  Hospitality

  $3,389,798

  Educational

  $2,820,272

  Medical

  $2,917,266

  Retail

  $4,387,090

Location Insight

City

Fort Smith

County

Sebastian

State

Arkansas

Latitude

35.3259

Longitude

-94.3862

CBSA code

22900

CBSA name

FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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