Two-Building Auto
For Sale
$925,000
16618 Highway 412, Springdale, AR 72764
CommercialSale, Springdale, AR
Property Size4,258 SF
Lot Size0.37 Acres
Price / SF$217.24
Days on Market100
Property Features for 16618 Highway 412
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Corner Lot, Outside City Limits
Directions
From Springdale, head East on HWY 412, property located on the corner of HWY 412 and Fawn Rd
Standard status
Active
APN
001-14859-000
Size
4,258 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Description
PT SE NW 0.37 A.
Tax Annual Amount
1898
Legal Description
PT SE NW 0.37 A.
Utilities
Sewer type
Public Sewer
Heating system
Wood Stove, Wood
Water source
Public
Amenities
drive-in doors
240V outlets
Building Details
Year built
1992
Floors in Building
1
Number of units
2
Flooring type
Concrete
Listing Agency:
Berkshire Hathaway HomeServices Solutions Real Est
(479) 271-2424
Listed By:
Juan Perez · License #SA00062583
(479) 200-3850
Added: Jun 27
Changed: Aug 19
Last Checked: Oct 4 at 6:06PM
MLS# 1353581
Copyright © 2026 ArkansasONE MLS. 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 auto shop property includes two buildings totaling 4,258 square feet on a 0.37-acre parcel. Multiple drive-in doors support vehicle movement, and 240V outlets are installed in both buildings. A spray booth is included with the sale, while concrete flooring is suited to automotive work. The improvements date to 1992 and are served by public water and public sewer.
The property occupies a corner lot along Highway 412 in Springdale, Arkansas, with frontage exposed to an average of 21,500 vehicles per day. Its building arrangement and automotive-specific features provide a functional setting for body repair and related commercial operations.
The property occupies a corner lot along Highway 412 in Springdale, Arkansas, with frontage exposed to an average of 21,500 vehicles per day. Its building arrangement and automotive-specific features provide a functional setting for body repair and related commercial operations.
Key Highlights
- 4,258‑square‑foot auto shop property on 0.37 acres
- Two buildings with multiple drive‑in doors
- 240V outlets installed in both buildings
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
$50,110
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
5.42%
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%
$1,002,200
$1.0M
Cap Rate 7%
$715,857
$715.9K
Cap Rate 9%
$556,778
$556.8K
Market Conditions
NOI Build-Up for 4,258 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
$76.6K $18.00/SF
− Vacancy
−$5.1K −$1.19/SF
EGI
$71.6K $16.81/SF
− OpEx
−$21.5K −$5.04/SF
NOI
$50.1K $11.77/SF
Area
Washington County, AR
Vacancy
6.60%
Lease Rate
$18.00 /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%
$1,002,200
Cap Rate 7%
$715,857
Cap Rate 9%
$556,778
Alternative Uses
Best Use
Retail
$715.9K
$626.4K – $835.2K
NOI $50,110 @ 7.0% cap · market cap 5.42%
Second Best
Industrial
$355.6K
$311.2K – $414.9K
NOI $24,894 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,004 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
21,500 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72764, AR
60,786
Population
20,781
Households
2.9
Avg Household Size
30
Median Age
20%
College-Educated
72%
High-School Grad
66.2 sq mi
ZIP Area
918
Density / Sq Mi
$61,569
Median Household Income
$34,552
Median Earnings
$984
Median Rent
$226,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Silver Star Auto — 5751 E Robinson Ave, Springdale, AR 72764
- Precizion Body — 19974 Fawn Rd, Springdale, AR 72764
- Jazzbone Towing — 20208 Fawn Rd, Springdale, AR 72764
Frequently Asked Questions
What type of property is this?
Auto shop - Includes a spray booth, drive-in doors, and 240V electrical service for automotive operations.
Where is this auto shop located?
The property is located at 16618 Highway 412 Springdale, AR.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 4,258‑square‑foot auto shop property on 0.37 acres; Two buildings with multiple drive‑in doors; 240V outlets installed in both buildings
