Auto Shop with Service
New
For Sale
$189,000
701 E Main St, El Dorado, AR 71730
Heated and cooled workspace includes an office, bathroom, and installed two-post lift.
Property Size1,374 SF
Lot Size0.47 Acres
Price / SF$137.55
Days on Market2
Property Features for 701 E Main St
General Information
Standard status
Active
Size
1,374 SF
Lot size
0.47 Acres
Property subtype
Commercial / Industrial
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Amenities
office area
bathroom
heated and cooled space
Listing Agency:
Southern Realty Group
(870) 310-3100
Listed By:
Cynthia Meadows · License #EB00059031
(870) 310-3100
Source:
Heilesassociatesrealtors
Added: Sep 1
Last Checked: Sep 1 at 9:05PM
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 Southern Realty Group
Investment Insights
Based on property information with market context.
This automotive property includes 1,374 square feet of heated and cooled space arranged with an office, bathroom, and multiple service bays. A two-post car lift remains installed, supporting automotive service operations. The property previously operated as a mechanic shop and car lot.
The site encompasses 0.47 acres at 701 E Main St in El Dorado, Arkansas. The lot provides space associated with vehicle parking, display, or equipment storage. Its existing layout combines enclosed workspace with outdoor land, offering a practical setting for an automotive business or other service-oriented operation.
The site encompasses 0.47 acres at 701 E Main St in El Dorado, Arkansas. The lot provides space associated with vehicle parking, display, or equipment storage. Its existing layout combines enclosed workspace with outdoor land, offering a practical setting for an automotive business or other service-oriented operation.
Key Highlights
- 1,374 square feet of heated and cooled space
- 0.47‑acre lot at 701 E Main St, El Dorado, AR 71730
- Multiple service bays with office and bathroom
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
$10,849
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
5.74%
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%
$216,980
$217.0K
Cap Rate 7%
$154,986
$155.0K
Cap Rate 9%
$120,544
$120.5K
Market Conditions
NOI Build-Up for 1,374 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
$16.5K $12.00/SF
− Vacancy
−$989 −$0.72/SF
EGI
$15.5K $11.28/SF
− OpEx
−$4.6K −$3.38/SF
NOI
$10.8K $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%
$216,980
Cap Rate 7%
$154,986
Cap Rate 9%
$120,544
Alternative Uses
Best Use
Retail
$155.0K
$135.6K – $180.8K
NOI $10,849 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$78.5K
$68.7K – $91.6K
NOI $5,494 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$251.3K
$219.9K – $293.2K
NOI $17,589 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
61k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 32%
Home Improvements & Furnishings 14%
Dining 9%
Brookshire's
Groceries
19,573 visits/mo
0.5 miles
Dollar General
Shops & Services
10,896 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
8,382 visits/mo
0.4 miles
Shell
Shops & Services
6,678 visits/mo
0.3 miles
KFC
Dining
5,336 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dumas & West Auto Machine Works — 820 Robert E Lee St, El Dorado, AR 71730
- Karl Malone Toyota of El Dorado Service — 1830 W Hillsboro St, El Dorado, AR 71730
- RNR Tire Express — 1113 W Hillsboro St, El Dorado, AR 71730
- El Dorado Tire — El Dorado, AR 71730
- Kelley's Automotive & Wrecker — 819 W Hillsboro St, El Dorado, AR 71730
Frequently Asked Questions
What type of property is this?
Auto shop - Heated and cooled workspace includes an office, bathroom, and installed two-post lift.
Where is this auto shop located?
The property is located at 701 E Main St El Dorado, AR.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: 1,374 square feet of heated and cooled space; 0.47‑acre lot at 701 E Main St, El Dorado, AR 71730; Multiple service bays with office and bathroom
