Auto Shop Property with
For Sale
$175,000
4915 Macarthur Dr, North Little Rock, AR 72118
Commercial / Industrial, Traditional, North Little Rock, AR
Property Size2,160 SF
Lot Size0.35 Acres
Price / SF$81.02
Days on Market962
Property Features for 4915 Macarthur Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Subdivision
Rea View
Lot features
Level
Directions
From I-40W, take exit 152B toward Pike Avenue, left on AR-365/MacArthur Drive.
Standard status
Active
APN
33N1080000500
Size
2,160 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Lot 5R
Tax Annual Amount
1250
Legal Description
Lot 5R
Building Details
Year built
1978
Floors in Building
1
Flooring type
Vinyl
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
RGB Appraisals & Realty
(501) 843-2003
Listed By:
Mischelle Cullum
(501) 831-1382
Added: Jan 25, 2024
Changed: Sep 4
Last Checked: Sep 13 at 4:06AM
MLS# 24002421
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.
Located at 4915 Macarthur Dr in North Little Rock, this auto shop property includes 2160 square feet of buildings on 0.35 acres. The improvements were constructed in 1978 and feature vinyl flooring with a tar-and-gravel roof.
The offering includes the buildings and land only.
The offering includes the buildings and land only.
Key Highlights
- 2160 square feet of building area
- 0.35‑acre site
- Constructed in 1978
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
$9,495
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
5.43%
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%
$189,900
$189.9K
Cap Rate 7%
$135,643
$135.6K
Cap Rate 9%
$105,500
$105.5K
Market Conditions
NOI Build-Up for 2,160 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
$14.3K $6.60/SF
− Vacancy
−$691 −$0.32/SF
EGI
$13.6K $6.28/SF
− OpEx
−$4.1K −$1.88/SF
NOI
$9.5K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /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%
$189,900
Cap Rate 7%
$135,643
Cap Rate 9%
$105,500
Alternative Uses
Best Use
Retail
$284.8K
$249.2K – $332.2K
NOI $19,934 @ 7.0% cap · market cap 11.39%
Second Best
Industrial
$135.6K
$118.7K – $158.3K
NOI $9,495 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$412.0K
$360.5K – $480.7K
NOI $28,842 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
McDonald's
Dining
15,272 visits/mo
0.4 miles
Valero Energy
Shops & Services
10,999 visits/mo
0.4 miles
U-Haul
Shops & Services
664 visits/mo
0.4 miles
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
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
Questions? Ask Rey
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- Phillips Brothers Towing — 3717 Harold St, North Little Rock, AR 72118
- Kirk's Automotive — 1507 W 38th St, North Little Rock, AR 72118
- Paint & Body Shop — North Little Rock, AR 72118
Frequently Asked Questions
What type of property is this?
Auto shop - Buildings and land include a vinyl-finished interior beneath a tar-and-gravel roof.
Where is this auto shop located?
The property is located at 4915 Macarthur Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2160 square feet of building area; 0.35‑acre site; Constructed in 1978
