Listing Agency: Cross County Realty Show Phone

Listed By: Brenda Smith · License #EB00042407 Show Phone

Added: May 27 Last Checked: Aug 26 at 11:06PM

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MLS# 26021244

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 corner building lot is located at the corner of Bailey and 4th St in Earle, AR. The property includes a 1000 sq ft covered space and a brick closet. The property, which was formerly a car wash, has a restriction preventing its use as a car wash for 15 years. The lot size is 0.16 acres.

Key Highlights

• Corner lot location.
• Includes a spacious 1000 sq ft covered space.
• Features a brick closet.

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

$3,998

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

8.88%

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%

$79,960 $80.0K

Cap Rate 7%

$57,114 $57.1K

Cap Rate 9%

$44,422 $44.4K

Market Conditions

NOI Build-Up for 1,000 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

$6.0K $6.00/SF

− Vacancy

−$288 −$0.29/SF

EGI

$5.7K $5.71/SF

− OpEx

−$1.7K −$1.71/SF

NOI

$4.0K $4.00/SF

Area

Crittenden County, AR

Vacancy

4.80%

Lease Rate

$6.00 /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%

$79,960

Cap Rate 7%

$57,114

Cap Rate 9%

$44,422

Alternative Uses

Best Use

Retail

$112.8K

$98.7K – $131.6K (±1% cap)

NOI $7,896 @ 7.0% cap · market cap 17.55%

Second Best

Industrial

$57.1K

$50.0K – $66.6K (±1% cap)

NOI $3,998 @ 7.0% cap · market cap 8.88%

Theoretical Best

Office A

$182.9K

$160.0K – $213.4K (±1% cap)

NOI $12,802 @ 7.0% cap · market cap 28.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Parking lots & garages

Suggested Use

Top Pick Building Supply Hair Salon Plumbing Service Pharmacy Nail Salon Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

121

Businesses Nearby

11k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 96% Apparel 4%

Dollar General Shops & Services

3,617 visits/mo 0.4 miles

Dollar Tree Shops & Services

2,914 visits/mo 0.3 miles

BP Shops & Services

1,326 visits/mo 0.3 miles

Valero Energy Shops & Services

1,319 visits/mo 0.3 miles

Regions Bank Shops & Services

764 visits/mo 0.5 miles

Demographics for 72331, AR

2,409

Population

1,175

Households

2.1

Avg Household Size

40

Median Age

11%

College-Educated

71%

High-School Grad

149.3 sq mi

ZIP Area

16

Density / Sq Mi

$42,917

Median Household Income

$26,607

Median Earnings

$605

Median Rent

$72,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this parking lots & garages located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• U-Haul Neighborhood Dealer — 1016 3rd St, Earle, AR 72331

Frequently Asked Questions

What type of property is this?

Parking lot & garage - Corner lot with covered space, formerly a car wash.

Where is this parking lot & garage located?

The property is located at 853 Bailey Earle, AR.

What is the asking price?

The asking price for this property is $45,000.

What are key features of this property?

This property features: Corner lot location.; Includes a spacious 1000 sq ft covered space.; Features a brick closet.