Automotive Property with Two
For Sale
$125,000
600 & 602 E Hillsboro St, El Dorado, AR 71730
Commercial / Industrial, El Dorado, AR
Property Size500 SF
Lot Size0.47 Acres
Price / SF$250
Days on Market109
Property Features for 600 & 602 E Hillsboro St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Directions
From South West Ave, turn E onto Hillsboro and the property is on your left
Subdivision
East El Dorado
Standard status
Active
APN
00020-00237-0000
Size
500 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORIGINAL ELDORADO FRL PT LOT 1
Tax Annual Amount
565
Legal Description
ORIGINAL ELDORADO FRL PT LOT 1
Amenities
bathroom
kitchenette
Building Details
Year built
1998
Listing Agency:
Jan's Realty
(870) 862-5435
Listed By:
Netasha Williamson
(870) 866-9958
Added: Jun 19
Changed: Oct 5
Last Checked: Oct 5 at 10:06AM
MLS# 26024889
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.
This automotive property consists of two buildings on a 0.47-acre parcel. The structures total 500 square feet and were built in 1998. The site previously operated as a car lot and includes a restroom and kitchenette.
Key Highlights
- Two buildings on a 0.47‑acre parcel
- 500 square feet across the buildings
- Built in 1998
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
$3,948
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
3.16%
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%
$78,960
$79.0K
Cap Rate 7%
$56,400
$56.4K
Cap Rate 9%
$43,867
$43.9K
Market Conditions
NOI Build-Up for 500 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
$6.0K $12.00/SF
− Vacancy
−$360 −$0.72/SF
EGI
$5.6K $11.28/SF
− OpEx
−$1.7K −$3.38/SF
NOI
$3.9K $7.90/SF
Area
Union County, AR
Vacancy
6.00%
Lease Rate
$12.00 /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%
$78,960
Cap Rate 7%
$56,400
Cap Rate 9%
$43,867
Alternative Uses
Best Use
Retail
$56.4K
$49.4K – $65.8K
NOI $3,948 @ 7.0% cap · market cap 3.16%
Second Best
Industrial
$28.6K
$25.0K – $33.3K
NOI $1,999 @ 7.0% cap · market cap 1.60%
Theoretical Best
Office A
$91.4K
$80.0K – $106.7K
NOI $6,401 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cadence Bank
Shops & Services
4,863 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
4,855 visits/mo
0.4 miles
Carstar Laneys Collision Center
Shops & Services
2,238 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
1,295 visits/mo
0.5 miles
Demographics for 71730, AR
31,103
Population
13,774
Households
2.3
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
457.4 sq mi
ZIP Area
68
Density / Sq Mi
$50,845
Median Household Income
$36,959
Median Earnings
$833
Median Rent
$123,200
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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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 107 W Hillsboro St, El Dorado, AR 71730
- Enterprise Rent-A-Car — 411 N West Ave, El Dorado, AR 71730
Frequently Asked Questions
What type of property is this?
Automotive property - Two separate structures include a restroom and kitchenette.
Where is this automotive property located?
The property is located at 600 & 602 E Hillsboro St El Dorado, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: Two buildings on a 0.47‑acre parcel; 500 square feet across the buildings; Built in 1998
