Self-Serve Car Wash
For Sale
Contact for pricing
401 Higdon Ferry Road, Hot Springs, AR 71913
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 Market100
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
Zoning
Regional Commercial
Additional Details
Business Included
Yes
Traffic Count
18,000 vehicles/day
Building Details
Year Built
2002
Listing Agency:
Gehrki Commercial Real Estate
Listed By:
Brian Gehrki · License #AR PB00027119
Source:
Crexi
Added: May 29
Changed: Aug 13
Last Checked: Sep 2 at 11:11PM
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
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
$29,335
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
4.52%
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%
$586,700
$586.7K
Cap Rate 7%
$419,071
$419.1K
Cap Rate 9%
$325,944
$325.9K
Market Conditions
NOI Build-Up for 2,774 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
$41.6K $15.00/SF
− Vacancy
−$2.5K −$0.90/SF
EGI
$39.1K $14.10/SF
− OpEx
−$9.8K −$3.53/SF
NOI
$29.3K $10.58/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$586,700
Cap Rate 7%
$419,071
Cap Rate 9%
$325,944
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
175k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 28%
Groceries 15%
Hotels & Casinos 3%
Kroger
Groceries
25,947 visits/mo
0.4 miles
McDonald's
Dining
23,006 visits/mo
0.2 miles
SONIC Drive In
Dining
20,873 visits/mo
0.0 miles
Ollie's Bargain Outlet
Shops & Services
15,647 visits/mo
0.3 miles
Cicis
Dining
9,407 visits/mo
0.4 miles
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
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
