Building Details

Year built 1998

Floors in Building 1

Roof type Composition

Listing Agency: RE/MAX Encore · RE/MAX International Show Phone

Listed By: Jody Huffmaster Show Phone

Added: Aug 31 Changed: Oct 17 Last Checked: Oct 20 at 12:06AM

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MLS# 26042058

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.

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Investment Insights

Based on property information with market context.

This auto property includes a three-bay garage and a home next door, with a shop positioned behind the home. The garage is listed at 2,664 square feet, and the property encompasses 3.25 acres. The building dates to 1998 and has a composition roof.

Located at 1918 and 1920 S 2nd Street in Cabot, Arkansas, the property has road frontage. The included home and rear shop add to the site's existing building configuration.

Key Highlights

• Three‑bay garage on 3.25 acres
• Garage listed at 2,664 square feet
• Neighboring home and a shop behind it are included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,504

Cap Rate

6.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,080 $530.1K

Cap Rate 7%

$378,629 $378.6K

Cap Rate 9%

$294,489 $294.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,664 SF

Gross rent

$40.3K $15.12/SF

− Vacancy

−$2.4K −$0.91/SF

EGI

$37.9K $14.21/SF

− OpEx

−$11.4K −$4.26/SF

NOI

$26.5K $9.95/SF

Area

Lonoke County, AR

Vacancy

6.00%

Lease Rate

$15.12 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$530,080

Cap Rate 7%

$378,629

Cap Rate 9%

$294,489

Alternative Uses

Best Use

Retail

$378.6K

$331.3K – $441.7K (±1% cap)

NOI $26,504 @ 7.0% cap · market cap 6.63%

Second Best

Industrial

$140.0K

$122.5K – $163.3K (±1% cap)

NOI $9,800 @ 7.0% cap · market cap 2.45%

Theoretical Best

Office A

$542.4K

$474.6K – $632.8K (±1% cap)

NOI $37,969 @ 7.0% cap · market cap 9.49%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Restaurant Spa & Massage Center Pharmacy HVAC Service Big Box & Wholesale Store Kitchen & Bath Showroom

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

Lease Details

3

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72023, AR

37,321

Population

14,901

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

94%

High-School Grad

98.2 sq mi

ZIP Area

380

Density / Sq Mi

$76,157

Median Household Income

$45,363

Median Earnings

$978

Median Rent

$202,400

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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Similar Off Market Nearby

• Smith Wrecker Services — 245 Smith Wrecker Dr, Cabot, AR 72023
• Runyon Emergency Roadside Aide — 1905 S 1st St, Cabot, AR 72023
• A Star Tire — 2202 S 2nd St, Cabot, AR 72023
• Wilson's Auto Paint & Body — 1515 S 2nd St, Cabot, AR 72023
• Red River Collision — 1515 S 2nd St, Cabot, AR 72023

Frequently Asked Questions

What type of property is this?

Auto shop - The property combines an auto garage with a neighboring home and additional shop space at the rear.

Where is this auto shop located?

The property is located at 1918 & 1920 S 2nd Street Cabot, AR.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Three‑bay garage on 3.25 acres; Garage listed at 2,664 square feet; Neighboring home and a shop behind it are included