Self-Serve Car Wash with
For Sale
Contact for pricing
Pending
7011 Cantrell Rd, Little Rock, AR 72207
Fully operational car wash includes a 1,764-square-foot building with two drive-through bays and pay kiosks.
Property Size1,764 SF
Days on Market495
Property Features for 7011 Cantrell Rd
General Information
Standard status
Pending
Size
1,764 SF
Property subtype
Special Purpose
Zoning
C3-CUP
Building Details
Year Renovated
2015
Buildings
1
Stories
1
Units
1
Listing Agency:
West Group
Listed By:
JILL Bryant · License #PB00048556
(501) 868-9790
Source:
Crexi
Added: Apr 29, 2025
Changed: Aug 31
Last Checked: Aug 28 at 12:15PM
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 West Group
Investment Insights
Based on property information with market context.
Heights Car Wash for sale includes a 1,764-square-foot building and two drive-through car bays. The property has pay kiosks for cash and credit card payments, with the POS computer located in the heated mechanical closet. It also features two coin-operated vacuum cleaners and security elements including Ring brand cameras around the building and inside the mechanical room, plus upgraded LED exterior lighting. The perimeter fence was partially replaced in July 2024. The lot is fully asphalted with concrete in some areas.
The site is located at the intersection of Kentucky Ave and Cantrell Road at 7011 Cantrell Rd, where the intersection sees an average of 29,000 cars per day (2023). The property includes signage on Cantrell Road and is in a neighborhood mix of retail, restaurant and residential homes supportive of car wash activity.
The land totals .27 acres and is zoned C-3, with a conditional use permit (CUP) required.
The site is located at the intersection of Kentucky Ave and Cantrell Road at 7011 Cantrell Rd, where the intersection sees an average of 29,000 cars per day (2023). The property includes signage on Cantrell Road and is in a neighborhood mix of retail, restaurant and residential homes supportive of car wash activity.
The land totals .27 acres and is zoned C-3, with a conditional use permit (CUP) required.
Key Highlights
- Heights Car Wash at 7011 Cantrell Road (intersection of Kentucky Ave & Cantrell Rd) with average 29,000 cars/day (2023).
- Fully operational car wash with a 1,764 sq ft building and two drive‑through car bays.
- Pay kiosks accept cash and credit card payments; POS computer located in the mechanical room.
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
$6,630
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
3.32%
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%
$132,600
$132.6K
Cap Rate 7%
$94,714
$94.7K
Cap Rate 9%
$73,667
$73.7K
Market Conditions
NOI Build-Up for 1,764 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
$9.9K $5.64/SF
− Vacancy
−$478 −$0.27/SF
EGI
$9.5K $5.37/SF
− OpEx
−$2.8K −$1.61/SF
NOI
$6.6K $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%
$132,600
Cap Rate 7%
$94,714
Cap Rate 9%
$73,667
Alternative Uses
Best Use
Specialty Retail
$302.7K
$264.9K – $353.2K
NOI $21,191 @ 7.0% cap · market cap 10.60%
Second Best
Retail
$282.6K
$247.2K – $329.7K
NOI $19,779 @ 7.0% cap · market cap 9.89%
Theoretical Best
Office A
$320.4K
$280.4K – $373.9K
NOI $22,431 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
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.
Frequently Asked Questions
What type of property is this?
Car wash - Fully operational car wash includes a 1,764-square-foot building with two drive-through bays and pay kiosks.
Where is this car wash located?
The property is located at 7011 Cantrell Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Heights Car Wash at 7011 Cantrell Road (intersection of Kentucky Ave & Cantrell Rd) with average 29,000 cars/day (2023).; Fully operational car wash with a 1,764 sq ft building and two drive‑through car bays.; Pay kiosks accept cash and credit card payments; POS computer located in the mechanical room.
