Three-Bay Auto
New
For Sale
$400,000
1918 South 2nd St, Cabot, AR 72023
The property includes a neighboring home and shop on a combined commercial parcel.
Property Size2,664 SF
Price / SF$150.15
Days on Market4
Property Features for 1918 South 2nd St
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Land
Additional Details
Road Access
Yes
Service Bays
3
Building Details
Year Built
1998
Listing Agency:
Meyers Realty Company
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:15PM
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 Meyers Realty Company
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Investment Insights
Based on property information with market context.
This automotive property includes a 2,664-square-foot, three-bay garage built in 1998, along with a home next door. The garage and residence are part of the same offering, with more than 2 acres of land included.
The property fronts South 2nd Street in Cabot, Arkansas. The seller may consider separating the parcels.
The property fronts South 2nd Street in Cabot, Arkansas. The seller may consider separating the parcels.
Key Highlights
- Three‑bay garage
- 2,664‑square‑foot building constructed in 1998
- Home next door is included with the shop
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
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
NOI $26,504 @ 7.0% cap · market cap 6.63%
Second Best
Mixed Use
$378.1K
$330.8K – $441.1K
NOI $26,466 @ 7.0% cap · market cap 6.62%
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,969 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Retail in South region
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 includes a neighboring home and shop on a combined commercial parcel.
Where is this auto shop located?
The property is located at 1918 South 2nd St 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; 2,664‑square‑foot building constructed in 1998; Home next door is included with the shop
