Auto Shop With Service
For Sale
$189,000
701 E Main St, El Dorado, AR 71730
Commercial / Industrial, El Dorado, AR
Property Size1,374 SF
Lot Size0.47 Acres
Price / SF$137.55
Days on Market151
Property Features for 701 E Main St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
From Union County Court House head East on East Main, cross the railroad track and property is on right after the red light.
Subdivision
East El Dorado
Standard status
Active
APN
00640-00014-0000
Size
1,374 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2, Block 2, Couch Addition
Tax Annual Amount
1424
Legal Description
Lot 2, Block 2, Couch Addition
Amenities
heated and cooled space
office area
bathroom
two-post car lift
Building Details
Year built
1964
Floors in Building
1
Listing Agency:
Southern Realty Group
(870) 881-9011
Listed By:
Cynthia Meadows · License #EB00059031
(870) 310-3100
Added: Apr 21
Changed: Sep 4
Last Checked: Sep 18 at 5:06AM
MLS# 26017720
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 provides 1,374 square feet of heated and cooled space within a building constructed in 1964. The interior includes an office area, bathroom, and multiple service bays, with a two-post car lift already installed. The configuration is suited to automotive service or other operations requiring enclosed work areas and customer-facing support space.
The property occupies 0.47 acres at 701 E Main St in El Dorado, Arkansas. The site previously operated as a mechanic shop and car lot, and the lot area provides room for vehicle parking, inventory display, or equipment storage. Its East Main Street position offers direct street access for customers, deliveries, and routine business activity.
The property occupies 0.47 acres at 701 E Main St in El Dorado, Arkansas. The site previously operated as a mechanic shop and car lot, and the lot area provides room for vehicle parking, inventory display, or equipment storage. Its East Main Street position offers direct street access for customers, deliveries, and routine business activity.
Key Highlights
- 1,374 SF of heated and cooled commercial space
- Multiple service bays with office area and bathroom
- Two‑post car lift already installed
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
913
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cadence Bank
Shops & Services
4,863 visits/mo
0.4 miles
Regions Bank
Shops & Services
2,610 visits/mo
0.4 miles
Carstar Laneys Collision Center
Shops & Services
2,238 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
1,295 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
1,046 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
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- Mufflex Muffler Center — 504 W Hillsboro St, El Dorado, AR 71730
- Carsons Garage & Towing Service Inc — 522 W 1st St, El Dorado, AR 71730
Frequently Asked Questions
What type of property is this?
Auto shop - Heated and cooled commercial space includes an office, bathroom, service bays, and a two-post vehicle 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 SF of heated and cooled commercial space; Multiple service bays with office area and bathroom; Two‑post car lift already installed
