Auto Shop with Business and
For Sale
$739,000
5401 Asher Ave, Little Rock, AR 72204
Commercial / Industrial, Little Rock, AR
Property Size1,995 SF
Lot Size0.38 Acres
Price / SF$370.43
Days on Market93
Property Features for 5401 Asher Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Subdivision
Ruebel & Leymer
Lot features
Level
Directions
S University Ave turn to Asher Avenue, Destination will be on the right, and at the corner to Mabelvale Pike.
Standard status
Active
Size
1,995 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
Lot 1 Block 1
Tax Annual Amount
1566
Legal Description
Lot 1 Block 1
Building Details
Year built
1979
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Kelly Wei
(501) 860-8306
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 23 at 6:06AM
MLS# 26029939
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.
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Investment Insights
Based on property information with market context.
This auto shop sale combines a 1,995-square-foot building with the underlying 0.38-acre parcel, operating business, and equipment. The property was built in 1979 and features concrete flooring and a metal roof, providing a straightforward physical setup for automotive operations.
The property is located at 5401 Asher Ave in Little Rock, within ZIP Code 72204. A neighboring property at 3224 Mabelvale Pike is also offered for purchase, providing the option to acquire one property or both as part of a larger commercial site.
The property is located at 5401 Asher Ave in Little Rock, within ZIP Code 72204. A neighboring property at 3224 Mabelvale Pike is also offered for purchase, providing the option to acquire one property or both as part of a larger commercial site.
Key Highlights
- Auto shop sale includes the building, land, business, and equipment
- 1,995 SF building on a 0.38‑acre parcel
- Built in 1979 with a metal roof
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
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Current Use
Lease Details
Turnkey business
Opportunity
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
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Cap Rate, Value Estimation, Potential NOI and more
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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.
What are key features of this property?
This property features: Auto shop sale includes the building, land, business, and equipment; 1,995 SF building on a 0.38‑acre parcel; Built in 1979 with a metal roof
