Automotive Shop with Wash
For Sale
$450,000
2900 Kelley Highway, Fort Smith, AR 72904
Established automotive facility with service infrastructure, storage, remodeled customer area, and secured outdoor space.
Property Size6,296 SF
Price / SF$71.47
Days on Market62
Property Features for 2900 Kelley Highway
General Information
Standard status
Active
Size
6,296 SF
Listing Agency:
River City Realty, LLC
(479) 782-9500
Listed By:
Glenda Hardy
(479) 883-9564
Source:
Assurancerealtyfsm
Added: Aug 16
Changed: Oct 4
Last Checked: Oct 14 at 10:51PM
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 River City Realty, LLC
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Investment Insights
Based on property information with market context.
This automotive shop includes 6,296 square feet with four overhead doors, including three regular-size doors and one double door. The service area is equipped with four Rotary car lifts—three rated at 10,000 lb and one at 12,000 lb—along with a wash bay and a large air compressor serving the shop. Three heating and air units are present; one serves the office, while the other two are not in use and are not warranted.
The property at 2900 Kelley Highway in Fort Smith, AR, includes a remodeled waiting room, two half baths, and a separate bathroom with a toilet and shower. A second floor provides storage space. The rear lot has an 8-foot privacy fence, while the remaining perimeter is enclosed with chain-link fencing. Access includes a double gate on the 29th St side and a sliding gate at the front.
The property at 2900 Kelley Highway in Fort Smith, AR, includes a remodeled waiting room, two half baths, and a separate bathroom with a toilet and shower. A second floor provides storage space. The rear lot has an 8-foot privacy fence, while the remaining perimeter is enclosed with chain-link fencing. Access includes a double gate on the 29th St side and a sliding gate at the front.
Key Highlights
- 6,296‑square‑foot automotive shop at 2900 Kelley Highway, Fort Smith, AR 72904
- Four overhead doors: 3 regular‑size doors and one double door
- Four Rotary car lifts: 3 rated at 10,000 lb and one at 12,000 lb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,693
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,860
$473.9K
Cap Rate 7%
$338,471
$338.5K
Cap Rate 9%
$263,256
$263.3K
Market Conditions
NOI Build-Up for 6,296 SF
Gross rent
$37.8K $6.00/SF
− Vacancy
−$3.9K −$0.62/SF
EGI
$33.8K $5.38/SF
− OpEx
−$10.2K −$1.61/SF
NOI
$23.7K $3.76/SF
Area
Sebastian County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$473,860
Cap Rate 7%
$338,471
Cap Rate 9%
$263,256
Alternative Uses
Best Use
Retail
$705.7K
$617.5K – $823.3K
NOI $49,396 @ 7.0% cap · market cap 10.98%
Second Best
Industrial
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 5.27%
Theoretical Best
Healthcare Medical
$1.34M
$1.17M – $1.56M
NOI $93,768 @ 7.0% cap · market cap 20.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 86%
Shops & Services 14%
SONIC Drive In
Dining
10,939 visits/mo
0.2 miles
Valero Energy
Shops & Services
1,792 visits/mo
0.4 miles
Demographics for 72904, AR
22,402
Population
8,406
Households
2.7
Avg Household Size
33
Median Age
7%
College-Educated
67%
High-School Grad
13.7 sq mi
ZIP Area
1,635
Density / Sq Mi
$40,357
Median Household Income
$28,519
Median Earnings
$817
Median Rent
$108,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- 10th Street Auto Trim — 1201 N 10th St, Fort Smith, AR 72901
- Moore's Wrecker Services — 1223 N 12th St, Fort Smith, AR 72901
- Red Lion Garage — 1531 may ave, fort smith, ar 72901
- Hector's Auto Repair — 2110 N O St, Fort Smith, AR 72901
- RS Auto and Body LLC — 3100 N O St, Fort Smith, AR 72904
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with service infrastructure, storage, remodeled customer area, and secured outdoor space.
Where is this auto shop located?
The property is located at 2900 Kelley Highway Fort Smith, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6,296‑square‑foot automotive shop at 2900 Kelley Highway, Fort Smith, AR 72904; Four overhead doors: 3 regular‑size doors and one double door; Four Rotary car lifts: 3 rated at 10,000 lb and one at 12,000 lb
