Auto Shop with Open
For Sale
$385,000
815 W Denver Street, Greenwood, AR 72936
Recent commercial improvements paired with outdoor space support automotive, equipment, contractor, or retail operations.
Property Size1,500 SF
Price / SF$256.67
Days on Market24
Property Features for 815 W Denver Street
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
Keller Williams Platinum Realty
(479) 353-9180
Listed By:
Dan Crawford
(479) 353-9180
Source:
Assurancerealtyfsm
Added: Aug 6
Changed: Aug 28
Last Checked: Aug 25 at 9:42AM
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 Keller Williams Platinum Realty
Investment Insights
Based on property information with market context.
Located at 815 W Denver St in Greenwood, Arkansas, this auto shop property includes 1,500 square feet of improvements completed in 2021 and an open lot. The configuration provides indoor commercial space alongside exterior operating area.
Potential applications identified for the property include automotive repair or detailing, a car lot, equipment sales, contractor headquarters, warehouse use, and retail operations. Tire shop use is not permitted. Zoning, allowable uses, licensing, and other restrictions should be confirmed with the appropriate local authorities.
Potential applications identified for the property include automotive repair or detailing, a car lot, equipment sales, contractor headquarters, warehouse use, and retail operations. Tire shop use is not permitted. Zoning, allowable uses, licensing, and other restrictions should be confirmed with the appropriate local authorities.
Key Highlights
- 1,500 SF of commercial improvements
- Improvements completed in 2021
- Open lot provides exterior operating area
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
Property Profile
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
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
- 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 - Recent commercial improvements paired with outdoor space support automotive, equipment, contractor, or retail operations.
Where is this auto shop located?
The property is located at 815 W Denver Street 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 SF of commercial improvements; Improvements completed in 2021; Open lot provides exterior operating area
