Automotive Shop with
For Sale
$215,000
4521 Asher Avenue, Little Rock, AR 72204
Commercial / Industrial, Traditional, Little Rock, AR
Property Size4,400 SF
Lot Size0.30 Acres
Price / SF$48.86
Days on Market80
Property Features for 4521 Asher Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking
17
Interior features
Public Restrooms, Window Treatments, Ceiling Fans, Video Surveillance
Exterior features
Partially Fenced, Guttering, Dumpster, Overhead Doors, Video Surveillance
Fencing
Partial
Subdivision
Remmel
Lot features
Level, City Lot
Directions
I-630 Take Fair Park Exit travel So. to light at Asher turn East follow for approx. 0.50 mile bldg on right.(Directly across the street from Express Mini Mart and Kitchen Express Restaurant. OR I-30 take Roosevelt Rd(akaHwy70) Exit travel W. 5 mi. on Left
Standard status
Active
APN
34L2970005600
Size
4,400 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 12-15, Block 5 REMMEL Sub
Tax Annual Amount
1212
Legal Description
LOTS 12-15, Block 5 REMMEL Sub
Building Details
Year built
1974
Floors in Building
1
Flooring type
Tile, Vinyl
Roof type
Metal
Architectural style
Other
Listing Agency:
Michele Phillips & Co. Realtors
(501) 834-3433
Listed By:
Teresa Burl
(501) 442-0214
Added: Jun 26
Changed: Sep 12
Last Checked: Sep 13 at 4:06AM
MLS# 26026050
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.
Investment Insights
Based on property information with market context.
This 4,400-square-foot automotive facility sits on 0.3 acres and was built in 1974 with durable cinder block construction. The property includes overhead doors, public restrooms, vinyl and tile flooring, ceiling fans, window treatments, and video surveillance. A metal roof, guttering, dumpster, and partial fencing support the site's existing commercial functionality.
Located at 4521 Asher Avenue in Little Rock, the property is positioned near the University of Arkansas at Little Rock within an established commercial corridor. C-3 zoning commonly permits automobile sales, automotive repair garages, tire shops, body shops, warehousing, and other commercial services, providing a range of documented operating possibilities for the site.
Located at 4521 Asher Avenue in Little Rock, the property is positioned near the University of Arkansas at Little Rock within an established commercial corridor. C-3 zoning commonly permits automobile sales, automotive repair garages, tire shops, body shops, warehousing, and other commercial services, providing a range of documented operating possibilities for the site.
Key Highlights
- 4,400‑square‑foot automotive facility on 0.3 acres
- C‑3 zoning commonly permits automobile sales, repair garages, tire shops, body shops, warehousing, and commercial services
- Durable cinder block construction built in 1974
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
$16,537
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
7.69%
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%
$330,740
$330.7K
Cap Rate 7%
$236,243
$236.2K
Cap Rate 9%
$183,744
$183.7K
Market Conditions
NOI Build-Up for 4,400 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
$24.8K $5.64/SF
− Vacancy
−$1.2K −$0.27/SF
EGI
$23.6K $5.37/SF
− OpEx
−$7.1K −$1.61/SF
NOI
$16.5K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /SF/Yr
Expense Ratio
30.00%
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%
$330,740
Cap Rate 7%
$236,243
Cap Rate 9%
$183,744
Alternative Uses
Best Use
Retail
$704.8K
$616.7K – $822.2K
NOI $49,334 @ 7.0% cap · market cap 22.95%
Second Best
Industrial
$236.2K
$206.7K – $275.6K
NOI $16,537 @ 7.0% cap · market cap 7.69%
Theoretical Best
Office A
$799.3K
$699.4K – $932.5K
NOI $55,952 @ 7.0% cap · market cap 26.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Tisdale Garage — 3501 Mabelvale Pike, Little Rock, AR 72204
- Glen Daniels Transmission Inc — 3611 Mabelvale Pike, Little Rock, AR 72204
- Don Vining Quik-Lube #1 — 5620 Asher Ave, Little Rock, AR 72204
- A Plus Lube & Tires — 5419 Asher Ave, Little Rock, AR 72204
- Chrome City Custom Wheels LLC — 5601 Asher Ave, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Auto shop - C-3-zoned automotive facility with overhead doors, partial fencing, and space for repair, service, or specialty sales operations.
Where is this auto shop located?
The property is located at 4521 Asher Avenue Little Rock, AR.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 4,400‑square‑foot automotive facility on 0.3 acres; C‑3 zoning commonly permits automobile sales, repair garages, tire shops, body shops, warehousing, and commercial services; Durable cinder block construction built in 1974
