Automotive Shop
For Sale
$350,000
6625 Market Street, Dover, AR 72837
Established commercial facility suited to automotive service operations and other business uses.
Property Size1,992 SF
Price / SF$175.70
Days on Market524
Property Features for 6625 Market Street
General Information
Standard status
Active
Size
1,992 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$810
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Kyle Hood · License #PB00056527
Source:
Exitrealty
Added: Mar 24, 2025
Changed: Aug 28
Last Checked: Aug 29 at 8:05AM
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 Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This 1,992-square-foot commercial building is currently operated as a mechanic’s shop and can accommodate automotive service activity. The property is also described as suitable for multiple business uses, providing a broader commercial use profile than its present operation alone.
Located at 6625 Market Street in Dover, Arkansas, the property offers an existing commercial setting for an owner-user or operator seeking an automotive-oriented facility. The current business operator may assist a new owner with the transition.
Located at 6625 Market Street in Dover, Arkansas, the property offers an existing commercial setting for an owner-user or operator seeking an automotive-oriented facility. The current business operator may assist a new owner with the transition.
Key Highlights
- 1,992‑square‑foot commercial property
- Currently operating as a mechanic’s shop
- Suitable for multiple business uses
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
$17,973
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
5.14%
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%
$359,460
$359.5K
Cap Rate 7%
$256,757
$256.8K
Cap Rate 9%
$199,700
$199.7K
Market Conditions
NOI Build-Up for 1,992 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
$27.5K $13.80/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$25.7K $12.89/SF
− OpEx
−$7.7K −$3.87/SF
NOI
$18.0K $9.02/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$13.80 /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%
$359,460
Cap Rate 7%
$256,757
Cap Rate 9%
$199,700
Alternative Uses
Best Use
Retail
$256.8K
$224.7K – $299.6K
NOI $17,973 @ 7.0% cap · market cap 5.14%
Second Best
Industrial
$110.4K
$96.6K – $128.9K
NOI $7,731 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$318.3K
$278.5K – $371.3K
NOI $22,279 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SONIC Drive In
Dining
7,951 visits/mo
0.2 miles
Demographics for 72837, AR
7,897
Population
3,988
Households
2
Avg Household Size
43
Median Age
16%
College-Educated
83%
High-School Grad
244.2 sq mi
ZIP Area
32
Density / Sq Mi
$47,250
Median Household Income
$37,507
Median Earnings
$847
Median Rent
$124,500
Median Home Value
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
- Mac Kay Cycle & Marine — 5397 N Arkansas Ave, Russellville, AR 72802
- Battle Cross Towing & Recovery, A Playing In Traffic Inc Company — 6250 Market St, Russellville, AR 72802
- Market Street Auto Service — 6625 Market St, Dover, AR 72837
- Mountain Enterprises — 120 Linker Mountain Rd, Dover, AR 72837
Frequently Asked Questions
What type of property is this?
Auto shop - Established commercial facility suited to automotive service operations and other business uses.
Where is this auto shop located?
The property is located at 6625 Market Street Dover, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,992‑square‑foot commercial property; Currently operating as a mechanic’s shop; Suitable for multiple business uses
