For Sale
$739,000
5401 Asher Ave, Little Rock, AR 72204
Established auto shop offering the real estate, operating business, and equipment in one sale.
Property Size1,995 SF
Lot Size0.38 Acres
Price / SF$370.43
Days on Market98
Property Features for 5401 Asher Ave
General Information
Standard status
Active
Property type
Auto shops, Automotive properties, Retail properties & Spaces, Commercial real estate
Size
1,995 SF
Lot size
0.38 Acres
Building Details
Year Built
1979
Listed By:
Kelly Wei
(501) 860-8306
Added: Jul 23
Changed: Sep 9
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,369
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,380
$447.4K
Cap Rate 7%
$319,557
$319.6K
Cap Rate 9%
$248,544
$248.5K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$34.0K $17.04/SF
− Vacancy
−$2.0K −$1.02/SF
EGI
$32.0K $16.02/SF
− OpEx
−$9.6K −$4.81/SF
NOI
$22.4K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$447,380
Cap Rate 7%
$319,557
Cap Rate 9%
$248,544
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
608
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
Similar Off Market Nearby
- 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
- Tisdale Garage — 3501 Mabelvale Pike, Little Rock, AR 72204
- Glen Daniels Transmission Inc — 3611 Mabelvale Pike, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Auto shop - Established auto shop offering the real estate, operating business, and equipment in one sale.
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.
