Self-Service Car Wash with
For Sale
Contact for pricing
9500 N Rodney Parham Rd, Little Rock, AR 72227
C-3-zoned property with existing wash infrastructure and a street-positioned pylon sign.
Property Size4,718 SF
Price / SF$381.52
Days on Market227
Property Features for 9500 N Rodney Parham Rd
General Information
Standard status
Active
Size
4,718 SF
Property subtype
RETAIL
Zoning
C-3
Amenities
Tunnel equipment
Vacuum stalls
Self-check kiosk
Pylon sign
Listing Agency:
Hathaway Group
(501) 951-1812
Listed By:
Jamie McLarty · License #SA000782
(501) 951-1812
Source:
Moodyscre
Added: Jan 14
Changed: Aug 29
Last Checked: Aug 29 at 3:13PM
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 Hathaway Group
Investment Insights
Based on property information with market context.
This 4,718-square-foot property is configured around self-service car-wash operations. Existing improvements include tunnel equipment, 11 vacuum stalls, and a double-lane self-check kiosk. A pylon sign at the street is also in place, adding an established identification feature to the site. The property was formerly operated as a car wash and is zoned C-3.
Located at 9500 N Rodney Parham Rd in Little Rock, AR 72227, the site brings together the primary tunnel component, vacuum-stall area, self-check equipment, and pylon signage in one existing configuration. These physical elements provide a defined starting point for evaluating the property’s current commercial setup.
Located at 9500 N Rodney Parham Rd in Little Rock, AR 72227, the site brings together the primary tunnel component, vacuum-stall area, self-check equipment, and pylon signage in one existing configuration. These physical elements provide a defined starting point for evaluating the property’s current commercial setup.
Key Highlights
- 4,718‑square‑foot property zoned C‑3
- Tunnel equipment remains in place
- 11 vacuum stalls
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
$56,678
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
3.15%
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%
$1,133,560
$1.1M
Cap Rate 7%
$809,686
$809.7K
Cap Rate 9%
$629,756
$629.8K
Market Conditions
NOI Build-Up for 4,718 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
$80.4K $17.04/SF
− Vacancy
−$4.8K −$1.02/SF
EGI
$75.6K $16.02/SF
− OpEx
−$18.9K −$4.00/SF
NOI
$56.7K $12.01/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,133,560
Cap Rate 7%
$809,686
Cap Rate 9%
$629,756
Alternative Uses
Best Use
Specialty Retail
$809.7K
$708.5K – $944.6K
NOI $56,678 @ 7.0% cap · market cap 3.15%
Second Best
Retail
$755.7K
$661.3K – $881.7K
NOI $52,900 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$857.1K
$749.9K – $999.9K
NOI $59,995 @ 7.0% cap · market cap 3.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Explore this area
Business Placement
Demographics for 72227, AR
11,090
Population
5,700
Households
1.9
Avg Household Size
41
Median Age
55%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,918
Density / Sq Mi
$73,533
Median Household Income
$52,565
Median Earnings
$1,035
Median Rent
$260,900
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?
Self service car wash - C-3-zoned property with existing wash infrastructure and a street-positioned pylon sign.
Where is this self service car wash located?
The property is located at 9500 N Rodney Parham Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,718‑square‑foot property zoned C‑3; Tunnel equipment remains in place; 11 vacuum stalls
