Corner-Lot Auto
New
For Sale
$1,325,000
123 Ellis Lane Pea, Pea Ridge, AR 72751
Auto garage with building and land positioned on a corner along a major highway.
Property Size8,550 SF
Price / SF$154.97
Days on Market2
Property Features for 123 Ellis Lane Pea
General Information
Standard status
Active
Size
8,550 SF
Property subtype
Factory
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
8,550 SF
Year Built
1999
Buildings
1
Listing Agency:
Keller Williams Market Pro
(479) 657-6797
Listed By:
Tim Salmonsen
(479) 657-6797
Source:
Thebrokerlist
Added: Aug 16
Changed: Aug 17
Last Checked: Aug 17 at 10:12AM
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 Market Pro
Investment Insights
Based on property information with market context.
This auto shop includes an 8,550-square-foot building along with the underlying land. Constructed in 1999, the property is identified for auto garage use and offers a commercial setting suited to automotive operations.
The site occupies a corner lot directly along a major highway, providing a prominent roadside position. The sale covers the land and buildings; certain business equipment may be negotiated separately.
The site occupies a corner lot directly along a major highway, providing a prominent roadside position. The sale covers the land and buildings; certain business equipment may be negotiated separately.
Key Highlights
- 8,550‑square‑foot auto shop building
- Land and buildings included in the sale
- Built in 1999
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
$97,266
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
7.34%
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%
$1,945,320
$1.9M
Cap Rate 7%
$1,389,514
$1.4M
Cap Rate 9%
$1,080,733
$1.1M
Market Conditions
NOI Build-Up for 8,550 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
$148.8K $17.40/SF
− Vacancy
−$9.8K −$1.15/SF
EGI
$139.0K $16.25/SF
− OpEx
−$41.7K −$4.88/SF
NOI
$97.3K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /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%
$1,945,320
Cap Rate 7%
$1,389,514
Cap Rate 9%
$1,080,733
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,266 @ 7.0% cap · market cap 7.34%
Second Best
Industrial
$459.6K
$402.2K – $536.3K
NOI $32,175 @ 7.0% cap · market cap 2.43%
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,472 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Dining 27%
Shops & Services 16%
Walmart Neighborhood Market
Groceries
32,643 visits/mo
0.4 miles
Wendy's
Dining
9,967 visits/mo
0.4 miles
Dollar General
Shops & Services
5,794 visits/mo
0.1 miles
Simple Simon's Pizza
Dining
2,477 visits/mo
0.1 miles
AutoZone
Shops & Services
2,271 visits/mo
0.4 miles
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
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
- Kasey’s Custom Audio — 1012 slack st, pea ridge, ar 72751
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- Blackhawk Auto & Tire — 123 Ellis Ln, Pea Ridge, AR 72751
- Purple Flamingo Tint Company LLC — 1012 Slack St, Pea Ridge, AR 72751
- Plaza Tire Service — 241 Slack St, Pea Ridge, AR 72751
Frequently Asked Questions
What type of property is this?
Auto shop - Auto garage with building and land positioned on a corner along a major highway.
Where is this auto shop located?
The property is located at 123 Ellis Lane Pea Pea Ridge, AR.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 8,550‑square‑foot auto shop building; Land and buildings included in the sale; Built in 1999
