Self-Serve Car Wash
401 Higdon Ferry Road Hot Springs, AR 71913
401 Higdon Ferry Road, Hot Springs, AR, 71913
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For Sale
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Car wash facility with four self-serve bays, one touch-free automatic bay, and five vacuums on a corner lot.
Property Size2,774 SF
Lot Size0.56 Acres
Price / SF$233.96
Days on Market54
Property Features for 401 Higdon Ferry Road
General Information
- Standard status
- Active
- Size
- 2,774 SF
- Lot size
- 0.56 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2002
Listing agency
Gehrki Commercial Real Estate
Listed by
Brian Gehrki · License #AR PB00027119
Source
Crexi
Added: May 29 Updated: Jul 20 at 7:07PM Checked: Jul 20 at 7:07PM
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 Gehrki Commercial Real Estate
Investment Insights
Based on property information with market context.
This car wash facility offers a combination of wash equipment, including four self-serve wash bays, one touch-free automatic wash bay, and five vacuums. The property totals approximately 2,774 square feet and sits on about 0.56 acres.
The site is positioned as a corner location with easy access. It is next to Sonic and near Oaklawn Casino, with reported traffic counts of 10,000 vehicles per day on Higdon Ferry and 18,000 vehicles per day on Central Ave.
The property is zoned C-R (Regional Commercial), supporting retail and automotive-focused use within the regional commercial category listed for the site.
The site is positioned as a corner location with easy access. It is next to Sonic and near Oaklawn Casino, with reported traffic counts of 10,000 vehicles per day on Higdon Ferry and 18,000 vehicles per day on Central Ave.
The property is zoned C-R (Regional Commercial), supporting retail and automotive-focused use within the regional commercial category listed for the site.
Key Highlights
- Oaklawn car wash facility built in 2002
- 2,774 SF +/- car wash building on a 0.56 AC lot
- 4 self‑serve wash bays plus 1 touch‑free automatic wash bay
Local Financial Insights For Specialty 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 | $41.6k | $15.00 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $39.1k | $14.10 |
| − OpEx | −$9.8k | −$3.53 |
| NOI | $29.3k | $10.58 |
2,774 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$419.1K
$366.7K – $488.9K
NOI $29,335 @ 7.0% cap · market cap 4.52%
Second Best
Retail
$312.9K
$273.8K – $365.1K
NOI $21,904 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$507.3K
$443.9K – $591.9K
NOI $35,512 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Higdon Ferry Car ...
Car Wash
Automatic Car Wash
Car Wash
Super Bubbles
Car Wash
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FAQs
What type of property is this?
Self service car wash - Car wash facility with four self-serve bays, one touch-free automatic bay, and five vacuums on a corner lot.
Where is this self service car wash located?
The property is located at 401 Higdon Ferry Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Oaklawn car wash facility built in 2002; 2,774 SF +/- car wash building on a 0.56 AC lot; 4 self‑serve wash bays plus 1 touch‑free automatic wash bay
