Two-Building Auto Shop with Spray
For Sale
$925,000
16618 Highway 412, Springdale, AR 72764
Corner-lot automotive property with drive-in access, 240V power, and an included spray booth.
Property Size4,258 SF
Price / SF$217.24
Days on Market92
Property Features for 16618 Highway 412
General Information
Standard status
Active
Size
4,258 SF
Site & Location
Traffic Count
21,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
spray booth
240V outlets
multiple drive-in doors
Building Details
Year Built
1992
Buildings
2
Listing Agency:
Berkshire Hathaway HomeServices Solutions Real Est
Listed By:
Juan Perez · License #SA00062583
(479) 200-3850
Source:
Thesummithometeam
Added: Jul 14
Changed: Oct 4
Last Checked: Oct 7 at 12:55PM
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 Berkshire Hathaway HomeServices Solutions Real Est
Investment Insights
Based on property information with market context.
This automotive property includes two separate buildings configured with multiple drive-in doors. Each building has 240V outlets, supporting automotive work and other commercial operations requiring that service. A spray booth is included with the sale.
The property occupies a corner lot at 16618 Highway 412 in Springdale, Arkansas. Highway frontage provides exposure to an average of 21,500 vehicles per day, placing the site along a heavily traveled commercial corridor.
The property occupies a corner lot at 16618 Highway 412 in Springdale, Arkansas. Highway frontage provides exposure to an average of 21,500 vehicles per day, placing the site along a heavily traveled commercial corridor.
Key Highlights
- Two buildings with multiple drive‑in doors
- 240V outlets installed in both buildings
- Spray booth included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,110
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Corner-lot automotive property with drive-in access, 240V power, and an included spray booth.
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: Two buildings with multiple drive‑in doors; 240V outlets installed in both buildings; Spray booth included with the sale
