Self-Serve Car Wash
For Sale
Contact for pricing
4702 Central Avenue, Hot Springs, AR 71913
Self-serve car wash with four wash bays and four vacuums on a 0.50-acre lot.
Property Size2,370 SF
Lot Size0.50 Acres
Price / SF$208.86
Days on Market100
Property Features for 4702 Central Avenue
General Information
Standard status
Active
Size
2,370 SF
Lot size
0.50 Acres
Property subtype
Special Purpose
Zoning
General Commercial
Site & Location
Traffic Count
26,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
2003
Listing Agency:
Gehrki Commercial Real Estate
Listed By:
Brian Gehrki · License #AR PB00027119
Source:
Crexi
Added: May 29
Changed: Aug 31
Last Checked: Sep 1 at 5:15PM
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 Gehrki Commercial Real Estate
Investment Insights
Based on property information with market context.
This for-sale self-serve car wash facility offers 2,370 square feet +/- and operates with four self-serve wash bays and four vacuums, designed for convenient in-bay washing and vacuum service.
The property is situated on AR Hwy 7 in a highly visible location near four major car dealerships, with a stated traffic count of 26,000 vehicles per day. The site is zoned C-R (Regional Commercial).
The offering includes the car wash building and the improvements supporting the self-serve bays and vacuum stations on a 0.50-acre site.
The property is situated on AR Hwy 7 in a highly visible location near four major car dealerships, with a stated traffic count of 26,000 vehicles per day. The site is zoned C-R (Regional Commercial).
The offering includes the car wash building and the improvements supporting the self-serve bays and vacuum stations on a 0.50-acre site.
Key Highlights
- Hamilton Car Wash built in 2003
- 2,370 SF +/- self‑serve car wash with 4 self‑serve wash bays
- 4 vacuum stations on‑site
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
$25,063
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
5.06%
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%
$501,260
$501.3K
Cap Rate 7%
$358,043
$358.0K
Cap Rate 9%
$278,478
$278.5K
Market Conditions
NOI Build-Up for 2,370 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
$35.6K $15.00/SF
− Vacancy
−$2.1K −$0.90/SF
EGI
$33.4K $14.10/SF
− OpEx
−$8.4K −$3.53/SF
NOI
$25.1K $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%
$501,260
Cap Rate 7%
$358,043
Cap Rate 9%
$278,478
Alternative Uses
Best Use
Specialty Retail
$358.0K
$313.3K – $417.7K
NOI $25,063 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$267.3K
$233.9K – $311.9K
NOI $18,714 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$433.4K
$379.3K – $505.7K
NOI $30,340 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 29%
Hotels & Casinos 13%
Waffle House
Dining
10,580 visits/mo
0.1 miles
Shell
Shops & Services
10,176 visits/mo
0.3 miles
Arvest Bank
Shops & Services
5,987 visits/mo
0.4 miles
Exxon
Shops & Services
5,809 visits/mo
0.1 miles
DoubleTree by Hilton
Hotels & Casinos
5,116 visits/mo
0.2 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 - Self-serve car wash with four wash bays and four vacuums on a 0.50-acre lot.
Where is this self service car wash located?
The property is located at 4702 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Hamilton Car Wash built in 2003; 2,370 SF +/- self‑serve car wash with 4 self‑serve wash bays; 4 vacuum stations on‑site
