Automotive Service and Showroom
For Sale
$215,000
4521 Asher Ave, Little Rock, AR 72204
Durable cinder block commercial building designed for automotive and related uses under C-3 zoning.
Property Size4,400 SF
Price / SF$48.86
Days on Market51
Property Features for 4521 Asher Ave
General Information
Standard status
Active
Size
4,400 SF
Building Details
Year Built
1974
Listing Agency:
Michele Phillips & Co. Realtors
Listed By:
Teresa Burl
(501) 442-0214
Source:
Pcsingtolittlerock
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 12 at 12:53PM
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 Michele Phillips & Co. Realtors
Investment Insights
Based on property information with market context.
This for-sale commercial property includes approximately 4,400 square feet of durable cinder block construction. The building is described as versatile and suited for automotive repair, classic car restoration, specialty sales showroom use, or fleet service operations, with the flexibility to support a variety of commercial and industrial uses.
The property is located at 4521 Asher Ave in Little Rock and is positioned on an established automotive corridor, just minutes from the University of Arkansas at LR. The listing indicates C-3 zoning, which commonly permits uses such as automobile sales, automobile repair garages, tire shops, body shops, and warehousing and commercial services.
If you’re looking for a multi-use automotive-oriented facility, this building’s construction and zoning framework align with a broad range of vehicle and commercial service applications.
The property is located at 4521 Asher Ave in Little Rock and is positioned on an established automotive corridor, just minutes from the University of Arkansas at LR. The listing indicates C-3 zoning, which commonly permits uses such as automobile sales, automobile repair garages, tire shops, body shops, and warehousing and commercial services.
If you’re looking for a multi-use automotive-oriented facility, this building’s construction and zoning framework align with a broad range of vehicle and commercial service applications.
Key Highlights
- Approximately 4,400 SF cinder block commercial building at 4521 Asher Avenue in Little Rock
- Designed for automotive and related uses, including automotive repair, classic car restoration, and fleet service operations
- C‑3 zoning supports uses such as automobile sales, automobile repair garages, tire shops, and body shops
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
$16,537
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
7.69%
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%
$330,740
$330.7K
Cap Rate 7%
$236,243
$236.2K
Cap Rate 9%
$183,744
$183.7K
Market Conditions
NOI Build-Up for 4,400 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
$24.8K $5.64/SF
− Vacancy
−$1.2K −$0.27/SF
EGI
$23.6K $5.37/SF
− OpEx
−$7.1K −$1.61/SF
NOI
$16.5K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$330,740
Cap Rate 7%
$236,243
Cap Rate 9%
$183,744
Alternative Uses
Best Use
Retail
$704.8K
$616.7K – $822.2K
NOI $49,334 @ 7.0% cap · market cap 22.95%
Second Best
Industrial
$236.2K
$206.7K – $275.6K
NOI $16,537 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,952 @ 7.0% cap · market cap 26.02%
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
329
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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- Don Vining Quik-Lube #1 — 5620 Asher Ave, Little Rock, AR 72204
- A Plus Lube & Tires — 5419 Asher Ave, Little Rock, AR 72204
- Chrome City Custom Wheels LLC — 5601 Asher Ave, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Auto shop - Durable cinder block commercial building designed for automotive and related uses under C-3 zoning.
Where is this auto shop located?
The property is located at 4521 Asher Ave Little Rock, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Approximately 4,400 SF cinder block commercial building at 4521 Asher Avenue in Little Rock; Designed for automotive and related uses, including automotive repair, classic car restoration, and fleet service operations; C‑3 zoning supports uses such as automobile sales, automobile repair garages, tire shops, and body shops
