Renovated Auto
For Sale
$145,000
1608 Jenny Lind RD, Fort Smith, AR 72901
Commercial, Fort Smith, AR
Property Size1,128 SF
Lot Size0.15 Acres
Price / SF$128.55
Days on Market189
Property Features for 1608 Jenny Lind RD
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
head northwest on Rogers Ave. Turned left onto S Greenwood, right onto Dodson, left onto Jenny Lind, property is on the right.
Standard status
Active
APN
14939-0006-00016-00
Size
1,128 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
LOT 6 BLK 16
Tax Annual Amount
418
Legal Description
LOT 6 BLK 16
Building Details
Flooring type
Concrete, Other-specify in remarks
Listing Agency:
O'Neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Amanda Rainwater
(918) 774-5743
Added: Mar 2
Changed: Aug 25
Last Checked: Sep 7 at 8:06PM
MLS# 1087404
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,128-square-foot auto shop at 1608 Jenny Lind RD in Fort Smith has undergone extensive interior and exterior renovation. The building includes an office, bathroom, closet, lobby, and a right-side garage door, with concrete and other flooring identified. Improvements include new Sheetrock, updated lighting, refreshed bathroom finishes, double-pane windows, stucco, pine pecan stacked siding, and completed electrical work intended to meet current code standards.
Roof work includes improvements to the front-facing section, full replacement of one rear section, and partial replacement on the other. The property occupies 0.1536 acres and is offered as-is. Office furniture, on-site signage, iron sign stands, and the window unit are excluded from the sale.
Roof work includes improvements to the front-facing section, full replacement of one rear section, and partial replacement on the other. The property occupies 0.1536 acres and is offered as-is. Office furniture, on-site signage, iron sign stands, and the window unit are excluded from the sale.
Key Highlights
- 1,128‑square‑foot auto shop on a 0.1536‑acre parcel
- Interior includes an office, bathroom, closet, lobby, and garage door
- Extensive electrical work completed to current code standards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,850
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$177,000
$177.0K
Cap Rate 7%
$126,429
$126.4K
Cap Rate 9%
$98,333
$98.3K
Market Conditions
NOI Build-Up for 1,128 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.5K $12.00/SF
− Vacancy
−$893 −$0.79/SF
EGI
$12.6K $11.21/SF
− OpEx
−$3.8K −$3.36/SF
NOI
$8.8K $7.85/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$177,000
Cap Rate 7%
$126,429
Cap Rate 9%
$98,333
Alternative Uses
Best Use
Retail
$126.4K
$110.6K – $147.5K
NOI $8,850 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$60.6K
$53.1K – $70.8K
NOI $4,245 @ 7.0% cap · market cap 2.93%
Theoretical Best
Healthcare Medical
$240.0K
$210.0K – $280.0K
NOI $16,800 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kum & Go
Shops & Services
7,023 visits/mo
0.3 miles
Dollar General
Shops & Services
6,540 visits/mo
0.5 miles
Demographics for 72901, AR
20,973
Population
10,337
Households
2
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
8.7 sq mi
ZIP Area
2,411
Density / Sq Mi
$42,568
Median Household Income
$30,582
Median Earnings
$837
Median Rent
$113,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Updated commercial building with a garage door, office, bathroom, and refreshed interior and exterior finishes.
Where is this auto shop located?
The property is located at 1608 Jenny Lind RD Fort Smith, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: 1,128‑square‑foot auto shop on a 0.1536‑acre parcel; Interior includes an office, bathroom, closet, lobby, and garage door; Extensive electrical work completed to current code standards
