Listing Agency: REMAX Ultimate Show Phone

Listed By: Kaiser Luebke Show Phone

Source: Arprorealty

Added: Sep 22 Changed: Sep 24 Last Checked: Sep 26 at 5:55AM

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Investment Insights

Based on property information with market context.

This 3200-square-foot auto shop is configured with two separately metered shop units, office areas, a reception desk, storage, and living quarters. High-bay doors accommodate large vehicles, while the open floor plan and high ceilings support flexible shop operations. A paint room and car lift are included, along with on-site parking.

The property fronts Hwy 36 at 769 Hwy 36 in Vilonia, Arkansas, providing highway exposure and access to major transportation routes. Its combination of shop space, administrative areas, storage, and vehicle-oriented improvements creates a functional setting for automotive operations.

Key Highlights

• 3200‑square‑foot shop with two separately metered units
• High‑bay doors provide access for large vehicles
• Includes paint room and car lift

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

$19,432

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

7.77%

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%

$388,640 $388.6K

Cap Rate 7%

$277,600 $277.6K

Cap Rate 9%

$215,911 $215.9K

Market Conditions

NOI Build-Up for 3,200 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

$31.9K $9.96/SF

− Vacancy

−$2.0K −$0.62/SF

EGI

$29.9K $9.34/SF

− OpEx

−$10.5K −$3.27/SF

NOI

$19.4K $6.07/SF

Area

Faulkner County, AR

Vacancy

6.20%

Lease Rate

$9.96 /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%

$388,640

Cap Rate 7%

$277,600

Cap Rate 9%

$215,911

Alternative Uses

Best Use

Retail

$450.7K

$394.4K – $525.8K (±1% cap)

NOI $31,550 @ 7.0% cap · market cap 12.62%

Second Best

Flex RnD

$277.6K

$242.9K – $323.9K (±1% cap)

NOI $19,432 @ 7.0% cap · market cap 7.77%

Theoretical Best

Office A

$729.9K

$638.7K – $851.5K (±1% cap)

NOI $51,092 @ 7.0% cap · market cap 20.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 72173, AR

9,888

Population

4,090

Households

2.4

Avg Household Size

37

Median Age

28%

College-Educated

94%

High-School Grad

94.9 sq mi

ZIP Area

104

Density / Sq Mi

$75,819

Median Household Income

$47,044

Median Earnings

$769

Median Rent

$202,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Two separately metered units include offices, storage, and living quarters.

Where is this auto shop located?

The property is located at 769 Hwy 36 Vilonia, AR.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 3200‑square‑foot shop with two separately metered units; High‑bay doors provide access for large vehicles; Includes paint room and car lift