Building Details

Year Built 1960

Listing Agency: Resource Realty

Listed By: Della Wallace · License #EB00054346 Show Phone

Source: Pcsingtolittlerock

Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 2:58PM

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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 = 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

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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

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

Questions? Ask Rey

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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?

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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