Auto Shop
For Sale
$175,000
North Little Rock, AR 72118, North Little Rock, AR 72118
Commercial / Industrial, Traditional, North Little Rock, AR
Property Size2,160 SF
Lot Size0.35 Acres
Price / SF$81.02
Days on Market988
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Lot features
Level
Subdivision
Rea View
Standard status
Active
Size
2,160 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
1250
Building Details
Year built
1978
Floors in Building
1
Flooring type
Vinyl
Roof type
Tar/Gravel
Architectural style
Other
Listing Agency:
RGB Appraisals & Realty
(501) 843-2003
Listed By:
Mischelle Cullum
(501) 831-1382
Added: Jan 25, 2024
Changed: Oct 8
Last Checked: Oct 9 at 11:06AM
MLS# 24002421
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 auto shop property comprises a 2,160-square-foot building on a 0.35-acre parcel. The building dates to 1978 and has vinyl flooring and a tar-and-gravel roof.
The property is in North Little Rock, Arkansas, 72118.
The property is in North Little Rock, Arkansas, 72118.
Key Highlights
- 2,160‑square‑foot building on a 0.35‑acre parcel
- Built in 1978
- Vinyl flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,495
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,900
$189.9K
Cap Rate 7%
$135,643
$135.6K
Cap Rate 9%
$105,500
$105.5K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$14.3K $6.60/SF
− Vacancy
−$691 −$0.32/SF
EGI
$13.6K $6.28/SF
− OpEx
−$4.1K −$1.88/SF
NOI
$9.5K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,900
Cap Rate 7%
$135,643
Cap Rate 9%
$105,500
Alternative Uses
Best Use
Retail
$284.8K
$249.2K – $332.2K
NOI $19,934 @ 7.0% cap · market cap 11.39%
Second Best
Industrial
$135.6K
$118.7K – $158.3K
NOI $9,495 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$412.0K
$360.5K – $480.7K
NOI $28,842 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Gene's Upholstery — 13825 Helenwood Dr, North Little Rock, AR 72118
Frequently Asked Questions
What type of property is this?
Auto shop - The 1978-built property has vinyl flooring and a tar-and-gravel roof.
Where is this auto shop located?
The property is located at North Little Rock, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 2,160‑square‑foot building on a 0.35‑acre parcel; Built in 1978; Vinyl flooring
