Auto Shop with Open
For Sale
$349,900
815 W Denver Street, Greenwood, AR 72936
Recent commercial improvements paired with outdoor space support automotive, equipment, contractor, or retail operations.
Property Size1,500 SF
Price / SF$233.27
Days on Market62
Property Features for 815 W Denver Street
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Dan Crawford
(479) 353-9180
Source:
Assurancerealtyfsm
Added: Aug 6
Changed: Sep 18
Last Checked: Oct 5 at 6:08PM
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 Platinum Realty
Investment Insights
Based on property information with market context.
Located at 815 W Denver St in Greenwood, Arkansas, this auto shop property includes 1,500 square feet of improvements completed in 2021 and an open lot. The configuration provides indoor commercial space alongside exterior operating area.
Potential applications identified for the property include automotive repair or detailing, a car lot, equipment sales, contractor headquarters, warehouse use, and retail operations. Tire shop use is not permitted. Zoning, allowable uses, licensing, and other restrictions should be confirmed with the appropriate local authorities.
Potential applications identified for the property include automotive repair or detailing, a car lot, equipment sales, contractor headquarters, warehouse use, and retail operations. Tire shop use is not permitted. Zoning, allowable uses, licensing, and other restrictions should be confirmed with the appropriate local authorities.
Key Highlights
- 1,500 SF of commercial improvements
- Improvements completed in 2021
- Open lot provides exterior operating area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,768
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
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
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 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 3.36%
Second Best
Industrial
$80.6K
$70.6K – $94.1K
NOI $5,645 @ 7.0% cap · market cap 1.61%
Theoretical Best
Healthcare Medical
$319.1K
$279.3K – $372.3K
NOI $22,340 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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
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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
- Bulldog Towing — 739 W Center St, Greenwood, AR 72936
- Big Dog Transmissions — 322 W Center St, Greenwood, AR 72936
- Ayurveda Auto Towtrucks LLC — 25 W El Paso St, Greenwood, AR 72936
Frequently Asked Questions
What type of property is this?
Auto shop - Recent commercial improvements paired with outdoor space support automotive, equipment, contractor, or retail operations.
Where is this auto shop located?
The property is located at 815 W Denver Street Greenwood, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,500 SF of commercial improvements; Improvements completed in 2021; Open lot provides exterior operating area
