Gas Station Requiring
For Sale
$300,000
13325 E 1st Street, Alexander, AR 72002
Closed gas station property located on E 1st Street in Alexander, Arkansas.
Property Size1,596 SF
Price / SF$187.97
Days on Market9
Property Features for 13325 E 1st Street
General Information
Standard status
Active
Size
1,596 SF
Property Condition
Severity
Repairs Needed
Evidence
needs renovation
Taxes and HOA fees
Annual Taxes
$2,235
Listing Agency:
Resource Realty
(501) 214-8888
Listed By:
Della Wallace · License #EB00054346
(850) 400-2299
Source:
Exprealty
Added: Aug 27
Changed: Sep 3
Last Checked: Sep 3 at 2:36AM
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 Resource Realty
Investment Insights
Based on property information with market context.
This commercial gas station is currently closed and requires renovation before reopening or repositioning. The property is located at 13325 E 1st Street in Alexander, Arkansas 72002.
Key Highlights
- Gas station property currently closed
- Renovation required
- Located at 13325 E 1st Street, Alexander, AR 72002
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
$17,498
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
5.83%
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%
$349,960
$350.0K
Cap Rate 7%
$249,971
$250.0K
Cap Rate 9%
$194,422
$194.4K
Market Conditions
NOI Build-Up for 1,596 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
$26.6K $16.68/SF
− Vacancy
−$1.6K −$1.02/SF
EGI
$25.0K $15.66/SF
− OpEx
−$7.5K −$4.70/SF
NOI
$17.5K $10.96/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$16.68 /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%
$349,960
Cap Rate 7%
$249,971
Cap Rate 9%
$194,422
Alternative Uses
Best Use
Retail
$250.0K
$218.7K – $291.6K
NOI $17,498 @ 7.0% cap · market cap 5.83%
Second Best
Specialty Retail
$231.2K
$202.3K – $269.8K
NOI $16,185 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$348.3K
$304.8K – $406.3K
NOI $24,380 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 72002, AR
18,477
Population
8,071
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
89%
High-School Grad
65.9 sq mi
ZIP Area
280
Density / Sq Mi
$78,260
Median Household Income
$47,835
Median Earnings
$1,028
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Closed gas station property located on E 1st Street in Alexander, Arkansas.
Where is this gas station located?
The property is located at 13325 E 1st Street Alexander, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Gas station property currently closed; Renovation required; Located at 13325 E 1st Street, Alexander, AR 72002
