Metal Auto Garage
1604 E Booth Searcy, AR 72143
New
1604 E Booth, Searcy, AR, 72143
$450,000
For Sale
$450,000
Metal building with three overhead doors, office space, and two bathrooms on 1.4 acres in city limits.
Property Size5,000 SF
Lot Size1.40 Acres
Price / SF$90
Days on Market7
Property Features for 1604 E Booth
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 1.40 Acres
Listing agency
Goff Realty
(501) 882-9234
Listed by
Clay Goff
(501) 882-9234
Source
Exprealty
Added: Jul 15 Updated: Jul 21 at 4:25AM Checked: Jul 21 at 4:25AM
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 Goff Realty
Investment Insights
Based on property information with market context.
This 5,000-square-foot metal building is currently used as an auto garage and includes three overhead doors, office space, and two bathrooms. The property is set up for practical day-to-day operations with both workspace and office functionality, and its layout supports flexibility for a variety of business uses.
The building sits on 1.4 acres within Searcy city limits. Given the size and existing improvements, it presents as a straightforward option for an owner-user or investor looking for a commercial structure with overhead access and dedicated interior space.
If you’re considering a different concept beyond automotive, the seller notes the building could be converted to accommodate just about any business, subject to applicable approvals. For more details on the current layout and conversion scope, inquire with the listing broker.
The building sits on 1.4 acres within Searcy city limits. Given the size and existing improvements, it presents as a straightforward option for an owner-user or investor looking for a commercial structure with overhead access and dedicated interior space.
If you’re considering a different concept beyond automotive, the seller notes the building could be converted to accommodate just about any business, subject to applicable approvals. For more details on the current layout and conversion scope, inquire with the listing broker.
Key Highlights
- 5000 SF metal building currently used as an auto garage
- Three overhead doors for convenient loading and vehicle access
- Includes office space and two bathrooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $12.00 |
| − Vacancy | −$3.6k | −$0.72 |
| EGI | $56.4k | $11.28 |
| − OpEx | −$16.9k | −$3.38 |
| NOI | $39.5k | $7.90 |
5,000 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$607.5K
$531.6K – $708.8K
NOI $42,527 @ 7.0% cap · market cap 9.45%
Second Best
Retail
$564.0K
$493.5K – $658.0K
NOI $39,480 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$914.4K
$800.1K – $1.07M
NOI $64,008 @ 7.0% cap · market cap 14.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Martin's Truck Sales Inc. — Searcy, AR 72143
- Roadmaster Service Center (Searcy) — 2528 Eastline Rd, Searcy, AR 72143
- Roadmaster Service Center — 2528 Eastline Rd, Searcy, AR 72143
- Speedco Truck Lube & Tires — searcy, ar 72143
- Roadmaster Service Center (Little Rock) — 2528 Eastline Rd, Searcy, AR 72143
FAQs
What type of property is this?
Auto shop - Metal building with three overhead doors, office space, and two bathrooms on 1.4 acres in city limits.
Where is this auto shop located?
The property is located at 1604 E Booth Searcy, AR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5000 SF metal building currently used as an auto garage; Three overhead doors for convenient loading and vehicle access; Includes office space and two bathrooms
