Warehouse with Auto Shop
For Sale
Contact for pricing
1107 S P St, Fort Smith, AR 72901
Versatile warehouse built for automotive work, storage, and light commercial operations with multiple bay access points.
Property Size6,300 SF
Price / SF$63.49
Days on Market65
Property Features for 1107 S P St
General Information
Standard status
Active
Size
6,300 SF
Class
C
Property subtype
Industrial
Zoning
LOTS S & G BLK 2
Building Details
Year Built
1988
Listing Agency:
Keller Williams Market Pro Realty
Listed By:
Michael Heath Harris · License #000086838
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 10 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Market Pro Realty
Investment Insights
Based on property information with market context.
This property is a 6,300-square-foot warehouse that previously operated as a tire shop and body shop, providing an automotive-oriented layout for practical work and storage. The building includes large open work areas, high ceilings, and multiple bay access points, supporting equipment use and flexible staging for inventory or vehicles. Its functional interior configuration is well-suited for operations that require both workspace and room to maneuver or house materials.
The property sits on a convenient city lot with easy access for customers, deliveries, and service vehicles. It is located in an established commercial area described as having strong visibility and accessibility, supporting day-to-day customer and contractor access.
For buyers and operators, the combination of warehouse space and prior auto shop use makes this a strong fit for automotive-related businesses such as mechanics work, fabrication, restoration, and similar operations. It may also work for general industrial storage, distribution-style needs, or light manufacturing, based on the open work areas, high ceilings, and multiple bay entry points designed to accommodate vehicles and equipment.
The property sits on a convenient city lot with easy access for customers, deliveries, and service vehicles. It is located in an established commercial area described as having strong visibility and accessibility, supporting day-to-day customer and contractor access.
For buyers and operators, the combination of warehouse space and prior auto shop use makes this a strong fit for automotive-related businesses such as mechanics work, fabrication, restoration, and similar operations. It may also work for general industrial storage, distribution-style needs, or light manufacturing, based on the open work areas, high ceilings, and multiple bay entry points designed to accommodate vehicles and equipment.
Key Highlights
- 6,300 SF warehouse built in 1988, previously used as a tire shop and body shop
- Large open work areas with high ceilings for equipment, inventory, or fleet storage
- Multiple bay access points for easier vehicle entry and operations
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
$28,788
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
7.20%
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%
$575,760
$575.8K
Cap Rate 7%
$411,257
$411.3K
Cap Rate 9%
$319,867
$319.9K
Market Conditions
NOI Build-Up for 6,300 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
$37.8K $6.00/SF
− Vacancy
−$3.9K −$0.62/SF
EGI
$33.9K $5.38/SF
− OpEx
−$5.1K −$0.81/SF
NOI
$28.8K $4.57/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$575,760
Cap Rate 7%
$411,257
Cap Rate 9%
$319,867
Alternative Uses
Best Use
Retail
$706.1K
$617.8K – $823.8K
NOI $49,427 @ 7.0% cap · market cap 12.36%
Second Best
Warehouse
$411.3K
$359.9K – $479.8K
NOI $28,788 @ 7.0% cap · market cap 7.20%
Theoretical Best
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,827 @ 7.0% cap · market cap 23.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse built for automotive work, storage, and light commercial operations with multiple bay access points.
Where is this warehouse located?
The property is located at 1107 S P St Fort Smith, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 6,300 SF warehouse built in 1988, previously used as a tire shop and body shop; Large open work areas with high ceilings for equipment, inventory, or fleet storage; Multiple bay access points for easier vehicle entry and operations
