Fenced Auto Shop With Garage
For Sale
$499,900
107 Black Gum Lane, Searcy, AR 72143
Commercial / Industrial, Searcy, AR
Property Size2,400 SF
Lot Size1.02 Acres
Price / SF$208.29
Days on Market168
Property Features for 107 Black Gum Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Security features
Security System
Interior features
Inventory (see remarks), Security System
Exterior features
Fully Fenced, Pole Sign, Video Surveillance
Fencing
Full
Lot features
Level
Directions
South Main street to Booth Road, turn left, turn left on Black Gum. Property will be located on the left.
Subdivision
SEARCY
Standard status
Active
APN
016-10689-006 & 016-10689-003
Size
2,400 SF
Lot size
1.02 Acres
Taxes and HOA fees
Tax Description
In file
Tax Annual Amount
1604
Legal Description
In file
Amenities
service pit for 18 wheelers
standard car lift
heavy duty lift
oil burner heater
metal air lines
blown in insulation
frame machine
Building Details
Year built
2008
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Additional Structures
See Remarks
Listing Agency:
Dalrymple
(501) 268-2445
Listed By:
Janice Wright · License #SA00057456
(501) 230-7739
Added: Apr 20
Changed: Aug 19
Last Checked: Oct 4 at 10:06PM
MLS# 26015781
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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.
This 2,400-square-foot automotive facility sits on a 1.02-acre fully fenced lot and includes large garage bays, office space for reception and dispatch, and concrete flooring. The building was constructed in 2008 and has a metal roof, blown-in insulation, and metal air lines. A standard car lift, a heavy-duty lift rated to 10,000 lbs, an oil burner heater, an 18-wheeler service pit, and a frame machine are included. Diagnostic equipment and an AC machine are negotiable.
The property includes room for vehicle storage, tow trucks, and customer parking. Exterior features include a pole sign and video surveillance. Its access to an interstate and an airport supports customer and large-vehicle circulation, while the site’s location on a well-traveled road provides direct roadway exposure.
The property includes room for vehicle storage, tow trucks, and customer parking. Exterior features include a pole sign and video surveillance. Its access to an interstate and an airport supports customer and large-vehicle circulation, while the site’s location on a well-traveled road provides direct roadway exposure.
Key Highlights
- 2,400‑square‑foot automotive facility on 1.02 acres
- Large garage bays with high ceilings and office space for reception and dispatch
- Heavy‑duty lift rated to 10,000 lbs, standard car lift, and 18‑wheeler service pit
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
$18,950
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
3.79%
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%
$379,000
$379.0K
Cap Rate 7%
$270,714
$270.7K
Cap Rate 9%
$210,556
$210.6K
Market Conditions
NOI Build-Up for 2,400 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
$28.8K $12.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$27.1K $11.28/SF
− OpEx
−$8.1K −$3.38/SF
NOI
$19.0K $7.90/SF
Area
White County, AR
Vacancy
6.00%
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%
$379,000
Cap Rate 7%
$270,714
Cap Rate 9%
$210,556
Alternative Uses
Best Use
Retail
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$129.0K
$112.9K – $150.5K
NOI $9,032 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$438.9K
$384.1K – $512.1K
NOI $30,724 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
10,494 visits/mo
0.4 miles
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
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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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with office space, vehicle storage, and equipment suited to repair and towing operations.
Where is this auto shop located?
The property is located at 107 Black Gum Lane Searcy, AR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,400‑square‑foot automotive facility on 1.02 acres; Large garage bays with high ceilings and office space for reception and dispatch; Heavy‑duty lift rated to 10,000 lbs, standard car lift, and 18‑wheeler service pit
