Corner Auto Shop
For Sale
$739,000
5401 Asher Ave, Little Rock, AR 72204
Auto shop property with central electric A/C, natural gas heat, and corner access to Mabelvale Pike.
Property Size1,995 SF
Price / SF$370.43
Days on Market8
Property Features for 5401 Asher Ave
General Information
Standard status
Active
Size
1,995 SF
Amenities
Electric, Central Air
Central, Natural Gas
Other (see remarks)
Building Details
Building Size
1,995 SF
Year Built
1979
Listing Agency:
RE/MAX Elite
(501) 860-8306
Listed By:
Kelly Wei · License #EB00074530
(501) 860-8306
Source:
Evrealestate
Added: Jul 23
Changed: Jul 29
Last Checked: Jul 30 at 6:49AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
Auto shop property at 5401 Asher Ave in Little Rock, AR, built in 1979. The space is served by electric, central air conditioning and central heating with natural gas. The property’s exterior architectural style is listed as “Other” based on the remarks provided.
Access is described via S University Ave to Asher Avenue, with the destination on the right and at the corner to Mabelvale Pike. The property is located in Pulaski County.
This is a single, established auto-shop site with built-in HVAC systems, offering a defined layout for automotive-related uses and day-to-day operations. Property size is listed as 1,995.
Access is described via S University Ave to Asher Avenue, with the destination on the right and at the corner to Mabelvale Pike. The property is located in Pulaski County.
This is a single, established auto-shop site with built-in HVAC systems, offering a defined layout for automotive-related uses and day-to-day operations. Property size is listed as 1,995.
Key Highlights
- Corner location to Mabelvale Pike
- Electric central air conditioning
- Central natural gas heating
Financial Insights For 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 | $34.0k | $17.04 |
| − Vacancy | −$2.0k | −$1.02 |
| EGI | $32.0k | $16.02 |
| − OpEx | −$9.6k | −$4.81 |
| NOI | $22.4k | $11.21 |
1,995 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$319.6K
$279.6K – $372.8K
NOI $22,369 @ 7.0% cap · market cap 3.03%
Second Best
Industrial
$107.1K
$93.7K – $125.0K
NOI $7,498 @ 7.0% cap · market cap 1.01%
Theoretical Best
Office A
$362.4K
$317.1K – $422.8K
NOI $25,369 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
305
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tisdale Garage — 3501 Mabelvale Pike, Little Rock, AR 72204
- Glen Daniels Transmission Inc — 3611 Mabelvale Pike, Little Rock, AR 72204
- El Dorado Body Shop — 4601 S University Ave, Little Rock, AR 72204
- Professional window tinting — 4601 S University Ave, Little Rock, AR 72204
- LMB auto repair — 4601 S University Ave ste 28, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop property with central electric A/C, natural gas heat, and corner access to Mabelvale Pike.
Where is this auto shop located?
The property is located at 5401 Asher Ave Little Rock, AR.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Corner location to Mabelvale Pike; Electric central air conditioning; Central natural gas heating
