Building Details

Year Built 1960

Listing Agency: Resource Realty

Listed By: Della Wallace · License #EB00054346 Show Phone

Source: Pcsingtolittlerock

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 7 at 4:43PM

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Investment Insights

Based on property information with market context.

This 1,596-square-foot gas station is currently closed and requires renovation. The building dates to 1960 and is located at 13325 E 1st St in Alexander, Arkansas.

Key Highlights

• 1,596‑square‑foot gas station building
• Closed property requiring renovation
• Built in 1960

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,498

Cap Rate

5.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$349,960 $350.0K

Cap Rate 7%

$249,971 $250.0K

Cap Rate 9%

$194,422 $194.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,596 SF

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 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 (±1% cap)

NOI $17,498 @ 7.0% cap · market cap 5.83%

Second Best

Specialty Retail

$231.2K

$202.3K – $269.8K (±1% cap)

NOI $16,185 @ 7.0% cap · market cap 5.40%

Theoretical Best

Office A

$348.3K

$304.8K – $406.3K (±1% cap)

NOI $24,380 @ 7.0% cap · market cap 8.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Gas stations

Suggested Use

Top Pick Real Estate Agency Restaurant Furniture & Home Goods Electrical Service Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Gas station - Closed fueling property requiring renovation before reopening or repositioning.

Where is this gas station located?

The property is located at 13325 E 1st St 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: 1,596‑square‑foot gas station building; Closed property requiring renovation; Built in 1960