Equipped Automotive
New
For Sale
$345,000
7009 W Holtdale Ln, North Little Rock, AR 72118
Fenced commercial facility with repair, paint, office, storage, and security improvements in place.
Property Size2,400 SF
Price / SF$143.75
Days on Market6
Property Features for 7009 W Holtdale Ln
General Information
Standard status
Active
Size
2,400 SF
Total Parking Spaces
5
Property subtype
Land
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Amenities
heated/cooled office
file cabinets
full-size restroom
large storage area above office
80-gallon Puma air compressor
9,000-lb Rotary asymmetrical lift
large 220V water heater
220V welder/equipment plug-in
paint booth with explosion-proof lighting
pressurization and exhaust ventilation
separate paint mixing room
alarm system
industrial fans
street-visible signage
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Keller Williams Realty
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 15
Changed: Sep 18
Last Checked: Sep 19 at 9:39AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 2,400-square-foot automotive shop was built in 1980 and configured for repair, mechanical, body shop, and related operations. The 40-by-60-foot building includes a five-car garage, heated and cooled office, full-size restroom, upper storage above the office, and a separate paint-mixing room. Equipment includes an 80-gallon Puma air compressor, 9,000-pound Rotary asymmetrical lift, 220V welder/equipment connection, large 220V water heater, and paint booth with explosion-proof lighting, pressurization, and exhaust ventilation.
The property at 7009 W Holtdale Ln in North Little Rock is enclosed by fencing, with security-barred windows, rear fencing with barbed wire, an alarm system, industrial fans, and street-visible signage. Seller-reported improvements include new water and gas lines and 200-amp electrical service. The existing layout and installed equipment provide a substantial operating base for an automotive-focused owner-user.
The property at 7009 W Holtdale Ln in North Little Rock is enclosed by fencing, with security-barred windows, rear fencing with barbed wire, an alarm system, industrial fans, and street-visible signage. Seller-reported improvements include new water and gas lines and 200-amp electrical service. The existing layout and installed equipment provide a substantial operating base for an automotive-focused owner-user.
Key Highlights
- 2,400‑square‑foot automotive shop on a 40‑by‑60‑foot building footprint
- Five‑car garage with a 9,000‑pound Rotary asymmetrical lift
- Paint booth with explosion‑proof lighting, pressurization, and exhaust ventilation
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
$22,148
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
6.42%
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%
$442,960
$443.0K
Cap Rate 7%
$316,400
$316.4K
Cap Rate 9%
$246,089
$246.1K
Market Conditions
NOI Build-Up for 2,400 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
$33.7K $14.04/SF
− Vacancy
−$2.1K −$0.86/SF
EGI
$31.6K $13.18/SF
− OpEx
−$9.5K −$3.96/SF
NOI
$22.1K $9.23/SF
Area
Pulaski County, AR
Vacancy
6.10%
Lease Rate
$14.04 /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%
$442,960
Cap Rate 7%
$316,400
Cap Rate 9%
$246,089
Alternative Uses
Best Use
Retail
$316.4K
$276.9K – $369.1K
NOI $22,148 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$150.7K
$131.9K – $175.8K
NOI $10,550 @ 7.0% cap · market cap 3.06%
Theoretical Best
Specialty Retail
$457.8K
$400.6K – $534.1K
NOI $32,046 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
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
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Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial facility with repair, paint, office, storage, and security improvements in place.
Where is this auto shop located?
The property is located at 7009 W Holtdale Ln North Little Rock, AR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,400‑square‑foot automotive shop on a 40‑by‑60‑foot building footprint; Five‑car garage with a 9,000‑pound Rotary asymmetrical lift; Paint booth with explosion‑proof lighting, pressurization, and exhaust ventilation
