Mixed-Use Property with Self-Service Car
11620 Rainwood Road, Little Rock, AR 72212
For Sale
Contact for pricing
A long-term NNN church lease accompanies an established coin-operated wash operation on Rainwood Road.
Property Size7,614 SF
Lot Size5.75 Acres
Price / SF$212.37
Days on Market42
Property Features for 11620 Rainwood Road
General Information
Standard status
Size
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Business Included
Site & Location
Traffic Count
Highway Access
Road Access
Automotive
Automotive Uses
Car Wash Format
Tenancy & Operations
Currently Operating
Tenant in Place
In-Place Lease Type
Real Estate Included
Building Details
Year Built
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Robert Narchi · License #01324570
(310) 909-5426
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 3:15PM
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 Marcus & Millichap - Los Angeles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a church under a long-term NNN lease with an established self-service, coin-operated car wash. The buildings total ±7,614 square feet on ±5.75 acres and were built in 2007. The blended cap rate is 7.66%. The offering includes the fee simple real estate and both operating income streams.
At 11620 and 11700 Rainwood Road in Little Rock, the property fronts a road carrying ±6,100 vehicles per day and has access to Interstate 430, which carries ±82,711 vehicles per day. The site is approximately 8 miles west of downtown Little Rock. Within a 5-mile trade area, the population is 130,131 and average household income is $127,337. Nearby institutions cited include Baptist Health Medical Center-Little Rock, with 820+ beds, and the University of Arkansas Grantham, with 5,500+ students. The Little Rock MSA has more than 774,000 residents.
At 11620 and 11700 Rainwood Road in Little Rock, the property fronts a road carrying ±6,100 vehicles per day and has access to Interstate 430, which carries ±82,711 vehicles per day. The site is approximately 8 miles west of downtown Little Rock. Within a 5-mile trade area, the population is 130,131 and average household income is $127,337. Nearby institutions cited include Baptist Health Medical Center-Little Rock, with 820+ beds, and the University of Arkansas Grantham, with 5,500+ students. The Little Rock MSA has more than 774,000 residents.
Key Highlights
- Two income streams: long‑term NNN church lease and established self‑service car wash
- 7.66% blended cap rate
- ±7,614 square feet on ±5.75 acres; built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,469
Cap Rate
5.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,380
$1.8M
Cap Rate 7%
$1,306,700
$1.3M
Cap Rate 9%
$1,016,322
$1.0M
Market Conditions
NOI Build-Up for 7,614 SF
Gross rent
$129.7K $17.04/SF
− Vacancy
−$7.8K −$1.02/SF
EGI
$122.0K $16.02/SF
− OpEx
−$30.5K −$4.00/SF
NOI
$91.5K $12.01/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,829,380
Cap Rate 7%
$1,306,700
Cap Rate 9%
$1,016,322
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.14M – $1.52M
NOI $91,469 @ 7.0% cap · market cap 5.66%
Second Best
Retail
$1.22M
$1.07M – $1.42M
NOI $85,371 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,822 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6,100 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A long-term NNN church lease accompanies an established coin-operated wash operation on Rainwood Road.
Where is this mixed-use property located?
The property is located at 11620 Rainwood Road Little Rock, AR.
What is the asking price?
The asking price for this property is $1,617,000.
What are key features of this property?
This property features: Two income streams: long‑term NNN church lease and established self‑service car wash; 7.66% blended cap rate; ±7,614 square feet on ±5.75 acres; built in 2007
