Automotive Shop with Open
For Sale
$385,000
815 W Denver ST, Greenwood, AR 72936
Commercial, Greenwood, AR
Property Size1,500 SF
Lot Size0.49 Acres
Price / SF$256.67
Days on Market49
Property Features for 815 W Denver ST
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From the Greenwood Town Square, travel west on Center St/Hwy 10. Turn right onto N Fowler St, then left onto W Denver St. Continue to 815 W Denver St; the property will be on the right.
Standard status
Active
APN
66349-0150-00000-00
Size
1,500 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Description
PT. S1/2 NE1/4
Tax Annual Amount
1378
Legal Description
PT. S1/2 NE1/4
Building Details
Year built
2021
Flooring type
Concrete
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
(479) 434-3000
Listed By:
Dan Crawford
(479) 353-9180
Added: Jul 27
Changed: Aug 19
Last Checked: Sep 13 at 2:06AM
MLS# 1090701
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2021, this 1,500-square-foot automotive shop includes concrete flooring and sits on a 0.49-acre parcel with open lot area. The configuration may support automotive repair or detailing, a car lot, equipment sales, contractor operations, warehouse use, retail, or other commercial applications, subject to applicable approvals.
The property is located at 815 W Denver ST in Greenwood, Arkansas, within Sebastian County and ZIP code 72936. The premises cannot be used as a tire shop. Zoning, permitted uses, licensing requirements, and other restrictions should be independently confirmed with local authorities before pursuing a specific operation.
The property is located at 815 W Denver ST in Greenwood, Arkansas, within Sebastian County and ZIP code 72936. The premises cannot be used as a tire shop. Zoning, permitted uses, licensing requirements, and other restrictions should be independently confirmed with local authorities before pursuing a specific operation.
Key Highlights
- 1,500‑square‑foot automotive shop
- 0.49‑acre parcel with open lot area
- Built in 2021
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
$11,768
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
3.06%
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%
$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
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
$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 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%
$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 3.06%
Second Best
Industrial
$80.6K
$70.6K – $94.1K
NOI $5,645 @ 7.0% cap · market cap 1.47%
Theoretical Best
Healthcare Medical
$319.1K
$279.3K – $372.3K
NOI $22,340 @ 7.0% cap · market cap 5.80%
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 - Concrete-floored commercial space with an outdoor lot and flexibility for several automotive or commercial applications.
Where is this auto shop located?
The property is located at 815 W Denver ST Greenwood, AR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 1,500‑square‑foot automotive shop; 0.49‑acre parcel with open lot area; Built in 2021
