Car Wash Building with
For Sale
$220,000
600 W Roosevelt Rd, Little Rock, AR 72206
Freestanding car wash facility with three garage bays, two bathrooms, and an 800-square-foot canopy.
Property Size2,552 SF
Price / SF$86.21
Days on Market100
Property Features for 600 W Roosevelt Rd
General Information
Standard status
Active
Size
2,552 SF
Taxes and HOA fees
Annual Taxes
$1,199
Listing Agency:
TMK Properties
(870) 941-0353
Listed By:
Trey Stevens III
(870) 941-0353
Source:
Exprealty
Added: May 15
Changed: Aug 20
Last Checked: Aug 22 at 9:08AM
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 TMK Properties
Investment Insights
Based on property information with market context.
This freestanding car wash building is set up for automotive service, with three garage bays, each equipped with a garage door. The interior includes two bathrooms and a small retail area, supporting customer-facing needs alongside the bays. An 800-square-foot canopy extends the usable covered area at the property.
Located at 600 W Roosevelt Rd in Little Rock, AR, the site is supported by available traffic data estimating average daily traffic in the 13,000 to 18,000 vehicle range. The roof was re-coated in 2024, and the property has been family owned since 1972.
The building is currently leased to a car wash/detail business, offering an operational setup for an automotive-oriented tenant or a buyer looking for continuity with an existing arrangement. With its garage-bay configuration and covered canopy, the property is well matched for hands-on washing and detailing services that require drive-through access and space for customer interaction near the retail area.
Located at 600 W Roosevelt Rd in Little Rock, AR, the site is supported by available traffic data estimating average daily traffic in the 13,000 to 18,000 vehicle range. The roof was re-coated in 2024, and the property has been family owned since 1972.
The building is currently leased to a car wash/detail business, offering an operational setup for an automotive-oriented tenant or a buyer looking for continuity with an existing arrangement. With its garage-bay configuration and covered canopy, the property is well matched for hands-on washing and detailing services that require drive-through access and space for customer interaction near the retail area.
Key Highlights
- Freestanding car wash facility with 3 garage bays with garage doors
- Includes 2 bathrooms and a small retail area
- Features an 800‑square‑foot canopy
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
$9,592
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
4.36%
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%
$191,840
$191.8K
Cap Rate 7%
$137,029
$137.0K
Cap Rate 9%
$106,578
$106.6K
Market Conditions
NOI Build-Up for 2,552 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
$14.4K $5.64/SF
− Vacancy
−$691 −$0.27/SF
EGI
$13.7K $5.37/SF
− OpEx
−$4.1K −$1.61/SF
NOI
$9.6K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$191,840
Cap Rate 7%
$137,029
Cap Rate 9%
$106,578
Alternative Uses
Best Use
Specialty Retail
$438.0K
$383.2K – $511.0K
NOI $30,658 @ 7.0% cap · market cap 13.94%
Second Best
Retail
$408.8K
$357.7K – $476.9K
NOI $28,614 @ 7.0% cap · market cap 13.01%
Theoretical Best
Office A
$463.6K
$405.7K – $540.9K
NOI $32,452 @ 7.0% cap · market cap 14.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Freestanding car wash facility with three garage bays, two bathrooms, and an 800-square-foot canopy.
Where is this car wash located?
The property is located at 600 W Roosevelt Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Freestanding car wash facility with 3 garage bays with garage doors; Includes 2 bathrooms and a small retail area; Features an 800‑square‑foot canopy
