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    Property profile & analytics

    2116 Reynolds Rd Bryant, AR 72022-2532

    • Car washes
    • 2,896 SF
    • 1.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2022
    $825,000
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0118553
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car washes

    Property Details for 2116 Reynolds Rd

    Lot size
    1.09 lot acres
    Property size
    2,896 SF
    Property type
    Car washes
    APN
    840-00754-001
    APU
    84000754001

    Description

    This exceptional investment opportunity presents a brand-new, 5,120-square-foot Class A car wash in Bryant, Arkansas. Located on a 1.2-acre lot at 2116 N Reynolds Rd, 72022, this property boasts a 20-year absolute NNN lease with Splash Car Wash, the largest and fastest-growing car wash operator in Arkansas, backed by a corporate guarantee exceeding $40 million. The lease features a favorable 1.5% annual rent increase, ensuring consistent income growth. Built in 2023, this high-quality construction is situated along a major retail corridor with daily traffic exceeding 25,000 vehicles and immediate access to I-30 (104,000+ VPD), providing excellent visibility and accessibility. The property benefits from a strong demographic profile, with an average household income exceeding $105,000 within a 1-mile radius and over 64,000 residents within a 5-mile radius. Bryant's strategic location along I-30 and its proximity to numerous national retailers, including Walmart, Lowe's, and Target, further enhance the investment's appeal. The asking price is $5,405,242, offering a 7.00% cap rate and a net operating income (NOI) of $378,367. The investment's resilience is underscored by the car wash industry's growth and its recession-resistant nature. Bonus depreciation opportunities are also available, offering significant tax advantages. This is a passive, free-and-clear investment poised for long-term success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $755,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bryant
    County
    Saline
    State
    Arkansas
    Longitude
    -92.4976
    Latitude
    34.614
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,260
    $94,960
    $238,246
    $333,206
    -
    $474,800
    $1,191,230
    $1,666,030

    Comparable in this City

    • Value Estimation
      $3,285,000
      4,750 SF

      3017 Market Pl Ave

      CAR WASH - AUTOMATED • 4,750 SF
      3017 Market Pl Ave, Bryant, AR 72022-9161
      View Details
    • Value Estimation by Request
      3,776 SF

      107 Bryant Ave

      CAR WASH - AUTOMATED • 3,776 SF
      107 Bryant Ave, Bryant, AR 72022
      View Details
    • Value Estimation
      $1,475,000
      2,100 SF

      22677 Interstate 30th S

      AUTO REPAIR, GARAGE • 2,100 SF
      22677 Interstate 30th S, Bryant, AR 72022-2565
      View Details
    • Value Estimation by Request
      5,664 SF

      6400 Cynamide Rd

      AUTO REPAIR, GARAGE • 5,664 SF
      6400 Cynamide Rd, Bryant, AR 72022-3745
      View Details
    • Value Estimation by Request
      3,060 SF

      205 Roya Ln

      AUTO REPAIR, GARAGE • 3,060 SF
      205 Roya Ln, Bryant, AR 72022-2563
      View Details
    • Value Estimation
      $3,810,000
      42,792 SF

      21000 Interstate 30th N

      VEHICLE SALES, RENTALS • 42,792 SF
      21000 Interstate 30th N, Benton, AR 72022-8036
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Prime Reynolds Rd Retail Space

      New 2023 Retail/Restaurant, High Traffic
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      View Details
    • Contact for pricing
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      Retail Space with Highway Frontage

      Retail space in Bryant with highway frontage and ample parking.
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      View Details
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    Bryant, AR 72022-2532
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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