Auto Shop Property with Open
For Sale
$385,000
815 W Denver ST, Greenwood, AR 72936
Commercial, Greenwood, AR
Property Size1,500 SF
Lot Size0.49 Acres
Price / SF$256.67
Days on Market27
Property Features for 815 W Denver ST
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From the Greenwood Town Square, travel west on Center St/Hwy 10. Turn right onto N Fowler St, then left onto W Denver St. Continue to 815 W Denver St; the property will be on the right.
Standard status
Active
APN
66349-0150-00000-00
Size
1,500 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
PT. S1/2 NE1/4
Tax Annual Amount
1378
Legal Description
PT. S1/2 NE1/4
Building Details
Year built
2021
Flooring type
Concrete
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
(479) 434-3000
Listed By:
Dan Crawford
(479) 434-3000
Added: Jul 27
Changed: Aug 19
Last Checked: Aug 22 at 7:06PM
MLS# 1090701
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 auto shop property includes existing improvements plus an open lot, offering flexibility for an owner-user or business. While the property cannot be used as a tire shop, it may be suitable for a car lot, automotive repair or detailing business, equipment sales, contractor headquarters, warehouse, retail operation, or other commercial use. The interior flooring is concrete, and the property was built in 2021.
Located at 815 W Denver ST in Greenwood, Arkansas (Sebastian County), the site totals 0.49 acres and includes approximately 1,500 square feet of property area. The mix of improvements and open lot may support redevelopment or customization. Buyers should verify zoning, permitted uses, licensing requirements, and any restrictions with local authorities.
Located at 815 W Denver ST in Greenwood, Arkansas (Sebastian County), the site totals 0.49 acres and includes approximately 1,500 square feet of property area. The mix of improvements and open lot may support redevelopment or customization. Buyers should verify zoning, permitted uses, licensing requirements, and any restrictions with local authorities.
Key Highlights
- 0.49‑acre site with an open lot and existing improvements
- Approximately 1,500 SF property area
- Concrete flooring
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
$11,768
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
3.06%
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%
$235,360
$235.4K
Cap Rate 7%
$168,114
$168.1K
Cap Rate 9%
$130,756
$130.8K
Market Conditions
NOI Build-Up for 1,500 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
$18.0K $12.00/SF
− Vacancy
−$1.2K −$0.79/SF
EGI
$16.8K $11.21/SF
− OpEx
−$5.0K −$3.36/SF
NOI
$11.8K $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%
$235,360
Cap Rate 7%
$168,114
Cap Rate 9%
$130,756
Alternative Uses
Best Use
Retail
$168.1K
$147.1K – $196.1K
NOI $11,768 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$80.6K
$70.6K – $94.1K
NOI $5,645 @ 7.0% cap · market cap 1.47%
Theoretical Best
Healthcare Medical
$319.1K
$279.3K – $372.3K
NOI $22,340 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
273
Businesses Nearby
75k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 27%
Home Improvements & Furnishings 11%
McDonald's
Dining
18,225 visits/mo
0.2 miles
Greenwood
Shops & Services
15,957 visits/mo
0.2 miles
SONIC Drive In
Dining
12,191 visits/mo
0.2 miles
Yeager Hardware
Home Improvements & Furnishings
8,375 visits/mo
0.2 miles
Arby's
Dining
6,997 visits/mo
0.1 miles
Demographics for 72936, AR
14,515
Population
6,019
Households
2.4
Avg Household Size
38
Median Age
27%
College-Educated
92%
High-School Grad
80.9 sq mi
ZIP Area
179
Density / Sq Mi
$72,213
Median Household Income
$45,724
Median Earnings
$824
Median Rent
$197,600
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.
Similar Off Market Nearby
- Greenwood Tire & Alignment — 803 W Denver St, Greenwood, AR 72936
- One Stop Tire Shop — 815 W Denver St, Greenwood, AR 72936
- Ayurveda Auto Towtrucks LLC — 25 W El Paso St, Greenwood, AR 72936
- Bulldog Towing — 739 W Center St, Greenwood, AR 72936
- Big Dog Transmissions — 322 W Center St, Greenwood, AR 72936
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop site with open lot and concrete flooring, built in 2021.
Where is this auto shop located?
The property is located at 815 W Denver ST Greenwood, AR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 0.49‑acre site with an open lot and existing improvements; Approximately 1,500 SF property area; Concrete flooring
