Auto Shop with Paint
1304 S Independence Street, Fort Smith, AR 72901
For Sale
New
$900,000
CommercialSale, Fort Smith, AR
Property Size9,439 SF
Lot Size0.70 Acres
Price / SF$95.35
Days on Market4
Property Features for 1304 S Independence Street
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Security features
Exterior features
Appliances
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Real Estate Included
Automotive Uses
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
parts cage
ARLO security system
permits
Fireman's Box
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
Listed By:
Cheryl Garner · License #Sa00083287
(479) 434-3000
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 3:06AM
MLS# 1367435
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.
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Investment Insights
Based on property information with market context.
This 9,439-square-foot autobody and paint facility includes 1,036 square feet of office space, a reception area, and a parts cage. Improvements include new interior lighting, windows, insulation, plumbing, and exterior LED lighting; the metal roof is reported in good condition. The shop has ceiling heights of approximately 27 feet at the center and 12 feet along the sides, three insulated overhead doors measuring 10, 12, and 16 feet, and a 10-foot barn door. The 15-by-30-foot Global paint booth has fire suppression. Other equipment includes a 1.5-ton crane, 16-foot fan, 7.5 HP air compressor, airlines serving 80% of the building, and 500,000 BTU heating with two gas heaters. Reception furniture and equipment are included.
The 0.7022-acre property is at 1304 S Independence Street in Fort Smith. Security features include an ARLO system, a front privacy fence, and barbed wire along three sides. The building dates to 1970 and has metal siding, central heating, and central air conditioning.
The 0.7022-acre property is at 1304 S Independence Street in Fort Smith. Security features include an ARLO system, a front privacy fence, and barbed wire along three sides. The building dates to 1970 and has metal siding, central heating, and central air conditioning.
Key Highlights
- 15‑by‑30‑foot Global paint booth with fire suppression
- Three insulated overhead doors: 10, 12, and 16 feet; plus a 10‑foot barn door
- Shop ceiling heights of approximately 27 feet at center and 12 feet along the sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,055
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,481,100
$1.5M
Cap Rate 7%
$1,057,929
$1.1M
Cap Rate 9%
$822,833
$822.8K
Market Conditions
NOI Build-Up for 9,439 SF
Gross rent
$113.3K $12.00/SF
− Vacancy
−$7.5K −$0.79/SF
EGI
$105.8K $11.21/SF
− OpEx
−$31.7K −$3.36/SF
NOI
$74.1K $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 Rate 5%
$1,481,100
Cap Rate 7%
$1,057,929
Cap Rate 9%
$822,833
Alternative Uses
Best Use
Retail
$1.06M
$925.7K – $1.23M
NOI $74,055 @ 7.0% cap · market cap 8.23%
Second Best
Industrial
$507.4K
$444.0K – $592.0K
NOI $35,521 @ 7.0% cap · market cap 3.95%
Theoretical Best
Healthcare Medical
$2.01M
$1.76M – $2.34M
NOI $140,577 @ 7.0% cap · market cap 15.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 42%
Home Improvements & Furnishings 2%
Hotels & Casinos 1%
SONIC Drive In
Dining
10,883 visits/mo
0.2 miles
Dollar General
Shops & Services
5,926 visits/mo
0.3 miles
Family Dollar
Shops & Services
4,366 visits/mo
0.5 miles
AutoZone
Shops & Services
2,017 visits/mo
0.2 miles
Sunoco
Shops & Services
1,561 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Johnny's Transmission Service — 1212 Phoenix Ave, Fort Smith, AR 72901
- Fliteline Engine Supply — 1412 Phoenix Ave, Fort Smith, AR 72901
- Michelin — 810 phoenix ave, fort smith, ar 72901
- Meineke Car Care Center — 4515 Towson Ave, Fort Smith, AR 72901
- Rath Auto Resources — 4515 Towson Ave, Fort Smith, AR 72901
Frequently Asked Questions
What type of property is this?
Auto shop - Shop improvements include overhead doors, office space, and equipment for autobody and paint operations.
Where is this auto shop located?
The property is located at 1304 S Independence Street Fort Smith, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 15‑by‑30‑foot Global paint booth with fire suppression; Three insulated overhead doors: 10, 12, and 16 feet; plus a 10‑foot barn door; Shop ceiling heights of approximately 27 feet at center and 12 feet along the sides
