Commercial Auto Shop
For Sale
$142,000
6019 Old Highway 67, Cabot, AR 72023
Commercially zoned property outside city limits with potential for automotive, welding, office, or apartment conversion uses.
Property Size2,520 SF
Days on Market163
Property Features for 6019 Old Highway 67
General Information
Standard status
Active
Size
2,520 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,520 SF
Year Built
1975
Stories
1
Listing Agency:
Bias 4 U Realty
(501) 680-0128
Listed By:
Jaime Spears Bias
(501) 680-0128
Source:
Proeliterealty
Added: Mar 1
Changed: Aug 11
Last Checked: Aug 11 at 2:16PM
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 Bias 4 U Realty
Investment Insights
Based on property information with market context.
Built in 1975, this commercial property is offered for use as an auto repair shop, welding shop, office space, or potential apartment conversion. The property is being sold in its existing condition and carries commercial zoning outside city limits.
The site is positioned along Old Highway 67 in Cabot, with access between Jacksonville and Cabot and freeway connectivity. Shopping and town are described as minutes away. An additional adjoining lot is also available, offering the possibility of expanding the land area through a separate acquisition.
The site is positioned along Old Highway 67 in Cabot, with access between Jacksonville and Cabot and freeway connectivity. Shopping and town are described as minutes away. An additional adjoining lot is also available, offering the possibility of expanding the land area through a separate acquisition.
Key Highlights
- Commercial zoning outside city limits
- Built in 1975
- Potential uses include auto repair, welding, offices, or apartment conversion
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
$9,935
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
7.00%
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%
$198,700
$198.7K
Cap Rate 7%
$141,929
$141.9K
Cap Rate 9%
$110,389
$110.4K
Market Conditions
NOI Build-Up for 2,520 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
$16.3K $6.48/SF
− Vacancy
−$1.0K −$0.41/SF
EGI
$15.3K $6.07/SF
− OpEx
−$5.3K −$2.12/SF
NOI
$9.9K $3.94/SF
Area
Lonoke County, AR
Vacancy
6.40%
Lease Rate
$6.48 /SF/Yr
Expense Ratio
35.00%
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%
$198,700
Cap Rate 7%
$141,929
Cap Rate 9%
$110,389
Alternative Uses
Best Use
Retail
$358.2K
$313.4K – $417.9K
NOI $25,071 @ 7.0% cap · market cap 17.66%
Second Best
Flex RnD
$141.9K
$124.2K – $165.6K
NOI $9,935 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$513.1K
$449.0K – $598.6K
NOI $35,916 @ 7.0% cap · market cap 25.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kirk's service and tire — 6350 T P White Dr, Cabot, AR 72023
- Mechanic Central Arkansas — 2613 Coffelt Rd #162, Jacksonville, AR 72076
- Alvand Truck & Trailer Service — 2613 Coffelt Rd Lot 40, Jacksonville, AR 72076
- Ivy Hall Towing & Recovery — 6411 John Harden Dr, Cabot, AR 72023
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned property outside city limits with potential for automotive, welding, office, or apartment conversion uses.
Where is this auto shop located?
The property is located at 6019 Old Highway 67 Cabot, AR.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: Commercial zoning outside city limits; Built in 1975; Potential uses include auto repair, welding, offices, or apartment conversion
