Building Details

Year built 1960

Floors in Building 1

Listing Agency: Resource Realty Show Phone

Listed By: Della Wallace Show Phone

Added: Aug 25 Changed: Aug 27 Last Checked: Aug 28 at 4:06PM

Report an Issue

MLS# 26034969

Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This gas station property includes a 1,596-square-foot commercial building on 0.63 acres. Constructed in 1960, the existing improvements are currently closed and require renovation.

The property is located at 13325 E 1st Street in Alexander, Arkansas, within Saline County. Its existing gas station configuration provides a basis for evaluating future commercial reuse, subject to renovation requirements and applicable approvals.

Key Highlights

• 1,596‑square‑foot commercial building
• 0.63‑acre site
• Gas station property with existing commercial improvements

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 (±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.

Property Analytics

Property Profile

Current Use

Gas stations

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Grocery & Convenience Store Storage Facility Skin Care Clinic

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

102

Businesses Nearby

19k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Circle K Shops & Services

11,022 visits/mo 0.5 miles

Dollar General Shops & Services

8,159 visits/mo 0.2 miles

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this gas stations located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Working Horse and Cattle Ranch

14301 Mann Lane, Alexander, AR 72002

$2,400,000

9,999 SF

View details

Working Horse and Cattle Ranch

14301 Mann Lane, Alexander, AR 72002

$2,400,000

77.71 Acres

View details

Dollar General Market Investment Opportunity

16453 Vimy Ridge Rd, Alexander, AR 72002

Contact for pricing

12,668 SF

View details

Absolute NNN Investment Property

15616 Alexander Rd, Alexander, AR 72002

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Gas station - Existing commercial improvements occupy a compact site and require renovation before reuse.

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: 1,596‑square‑foot commercial building; 0.63‑acre site; Gas station property with existing commercial improvements