Former Dealership Auto
For Sale
Contact for pricing
3600 Zero St, Fort Smith, AR 72908
Former dealership facility near I-540 with automotive, fleet maintenance, and adaptable commercial use potential.
Property Size14,825 SF
Lot Size3.34 Acres
Price / SF$266.44
Days on Market149
Property Features for 3600 Zero St
General Information
Standard status
Active
Size
14,825 SF
Class
A
Lot size
3.34 Acres
Property subtype
Retail
Zoning
ETJ-O1
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2012
Listing Agency:
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed By:
Chad Adair · License #AR AB00084468
Source:
Crexi
Added: Apr 6
Changed: Aug 31
Last Checked: Aug 31 at 1:38AM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
This former dealership facility provides 14,825 SF of commercial building area on approximately 3.34 acres. Constructed in 2012, the property is suited to automotive-oriented operations and other commercial applications, including dealership use, service-center functions, fleet maintenance, equipment sales, powersports or RV sales, and contractor or logistics operations. Zoning is ETJ-O1.
The property is located at 3600 Zero St in Fort Smith, directly off I-540 and within a retail and automotive corridor. Its existing commercial setting and former dealership use support consideration of both continued automotive occupancy and adaptable redevelopment.
The property is located at 3600 Zero St in Fort Smith, directly off I-540 and within a retail and automotive corridor. Its existing commercial setting and former dealership use support consideration of both continued automotive occupancy and adaptable redevelopment.
Key Highlights
- 14,825 SF building constructed in 2012
- Approximately 3.34 acres at 3600 Zero St, Fort Smith, AR 72908
- Directly off I‑540 in a retail and automotive corridor
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
$116,311
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
2.94%
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%
$2,326,220
$2.3M
Cap Rate 7%
$1,661,586
$1.7M
Cap Rate 9%
$1,292,344
$1.3M
Market Conditions
NOI Build-Up for 14,825 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
$177.9K $12.00/SF
− Vacancy
−$11.7K −$0.79/SF
EGI
$166.2K $11.21/SF
− OpEx
−$49.8K −$3.36/SF
NOI
$116.3K $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 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%
$2,326,220
Cap Rate 7%
$1,661,586
Cap Rate 9%
$1,292,344
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,311 @ 7.0% cap · market cap 2.94%
Second Best
Industrial
$797.0K
$697.4K – $929.8K
NOI $55,789 @ 7.0% cap · market cap 1.41%
Theoretical Best
Healthcare Medical
$3.15M
$2.76M – $3.68M
NOI $220,792 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
30k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
SONIC Drive In
Dining
15,251 visits/mo
0.4 miles
Valero Energy
Shops & Services
10,204 visits/mo
0.4 miles
J. Pauley Toyota
Shops & Services
3,435 visits/mo
0.3 miles
Byrider
Shops & Services
730 visits/mo
0.3 miles
Demographics for 72908, AR
14,310
Population
6,374
Households
2.2
Avg Household Size
38
Median Age
30%
College-Educated
92%
High-School Grad
7.7 sq mi
ZIP Area
1,858
Density / Sq Mi
$68,697
Median Household Income
$43,234
Median Earnings
$886
Median Rent
$181,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Crain Kia of Fort Smith Service Center — 6700 Autopark Dr, Fort Smith, AR 72908
- gmps-smith-chevrolet-service — service department, orr chevrolet of, 6500 autopark dr, fort smith, ar 72903
Frequently Asked Questions
What type of property is this?
Auto shop - Former dealership facility near I-540 with automotive, fleet maintenance, and adaptable commercial use potential.
Where is this auto shop located?
The property is located at 3600 Zero St Fort Smith, AR.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 14,825 SF building constructed in 2012; Approximately 3.34 acres at 3600 Zero St, Fort Smith, AR 72908; Directly off I‑540 in a retail and automotive corridor
