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3600 Wheeler Ave 59,358 SF 24% Leased Office Building Fort Smith, AR 72901 $13,463,400 CAD ($226.82 CAD/SF)
Investment Highlights
- Open floor plan with beautiful walk-in foyer.
- Large private offices & conference rooms
Executive Summary
An Exceptional opportunity awaits at 3600 Wheeler Avenue! Own this one-of-a- kind commercial building that has served as home for the Southwest Times Record. Currently operating as multi-tenant facility, this impressive 59,358 sq.ft. heated building sits on approximately 6.53 acres in the heart of Fort Smith and offers endless possibilities for future use. This immaculate maintained property is ideally located on Hwy 255 with exceptional functionality, accessibility, and flexibility for a wide range of executive, medical, administrative, or institutional uses. The property features 65+ private offices, multiple large conference rooms suited for meetings, training, or presentations, a welcoming foyer, elevator, multiple staircases, and over 225 dedicated parking spaces. Additional amenities include a kitchen/break rooms, copy rooms, filing rooms, dedicated server/data room with separate HVAC, updated systems, and a TPO roof. With its strategic location, ample workspace, and strong operational features, this property is well suited for an owner-user, professional group, medical practice, corporate office, or investor seeking a substantial office asset close to downtown. Showings by appointment and during business hours only. Listing Agent to attend all showings.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,325,825
|
$20.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,325,825
|
$20.57
|
| Taxes |
$104,608
|
$1.62
|
| Operating Expenses |
$221,301
|
$3.43
|
| Total Expenses |
$325,909
|
$5.06
|
| Net Operating Income |
$999,916
|
$15.52
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,325,825 |
| Annual Per SF | $20.57 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,325,825 |
| Annual Per SF | $20.57 |
| Taxes (CAD) | |
|---|---|
| Annual | $104,608 |
| Annual Per SF | $1.62 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $221,301 |
| Annual Per SF | $3.43 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $325,909 |
| Annual Per SF | $5.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $999,916 |
| Annual Per SF | $15.52 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
59,358 SF
Building Class
A
Year Built
1991
Price
$13,463,400 CAD
Price Per SF
$226.82 CAD
Percent Leased
24%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
29,679 SF
Building FAR
0.21
Lot Size
6.53 AC
Zoning
I-1
Parking
225 Spaces (3.79 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Area Agency on Aging
- Health Care and Social Assistance
- 5,308 SF
- -
- -
Norris Group est devenu l'une des sociétés de développement immobilier à la croissance la plus rapide en Arkansas. Norris Group se concentre sur le développement multifamilial avec des produits intercalaires urbains à usage mixte et des maisons de banlieue. Norris Group est une société privée d'investissement et de développement immobilier entièrement intégrée qui a offert le plus haut niveau de qualité, de service et de valeur à nos clients et investisseurs. De la sélection de l'emplacement à la construction principale et à tout ce qui se trouve entre les deux, Norris Group commande une attention sans précédent aux détails qui éclairent tous les aspects des propriétés que nous livrons et des collectivités que nous établissons. Nos capacités internes complètes offrent un niveau unique de contrôle, d'efficacité et de transparence pour nos partenaires financiers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Area Agency on Aging | Health Care and Social Assistance | 5,308 SF | - | - | ||
| Norris Group | Real Estate | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 1-A
- 2,144 SF
- Office
- -
- Now
- 1st Fl-Ste 3-A
- 1,787 SF
- Office
- -
- Now
- 1st Fl-Ste 3-A&B
- 5,713 SF
- Office
- -
- Now
- 1st Fl-Ste 3-B
- 3,926 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1-A | 2,144 SF | Office | - | Now |
| 1st Fl-Ste 3-A | 1,787 SF | Office | - | Now |
| 1st Fl-Ste 3-A&B | 5,713 SF | Office | - | Now |
| 1st Fl-Ste 3-B | 3,926 SF | Office | - | Now |
1st Fl-Ste 1-A
| Size |
| 2,144 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 3-A
| Size |
| 1,787 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 3-A&B
| Size |
| 5,713 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 3-B
| Size |
| 3,926 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
Somewhat walkable
30/100
Very drivable
80/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 18587-0008-00000-00 | Total Assessment | $2,277,106 CAD |
| Land Assessment | $55,903 CAD | Annual Taxes | $104,608 CAD ($1.76 CAD/SF) |
| Improvements Assessment | $2,221,203 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
18587-0008-00000-00
Land Assessment
$55,903 CAD
Improvements Assessment
$2,221,203 CAD
Total Assessment
$2,277,106 CAD
Annual Taxes
$104,608 CAD ($1.76 CAD/SF)
Tax Year
2025
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3600 Wheeler Ave
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