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    Property profile & analytics
    OFF-MARKET Estimated value $1,700,000
    Auto shops

    2000 Race Ave, Searcy, AR 72143-4726

    24,768 SF 3.8 ac lot Built 1965
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US05-1764144
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 2000 E Race Ave in Searcy, Arkansas, presents a unique investment opportunity. The property consists of two single-story buildings totaling 24,768 square feet situated on a generous 3.8-acre lot. Currently vacant, the space is ideally suited for a variety of retail uses, particularly automotive showrooms or dealerships, given its existing infrastructure. Built in 1965 and renovated in 1996, the property features a spacious showroom area, ample office space, and a substantial warehouse component equipped with 12 convenient roll-up doors. The property enjoys a highly visible location on a major arterial road, experiencing approximately 19,000 vehicles per day, ensuring significant exposure to potential customers. Its strategic position within Searcy places it amongst established local and national retailers and medical facilities, offering excellent accessibility and high traffic volume. Furthermore, its proximity to Highway 67 and Harding University enhances its appeal and accessibility. The property is zoned C-4 and is available for purchase at $5,300,000 or for lease at a rate of $16.95 per square foot, triple net (NNN). This presents a compelling opportunity to capitalize on the growth and development within this thriving market, characterized by recent expansions of national retailers. The property's size, location, and versatility make it an attractive proposition for discerning investors and businesses seeking a prominent presence in Searcy, Arkansas. The zip code is 72143, and the property is located in White County.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1965
    Total area 24,768 SF
    Lot 3.8 ac (165,528 SF)
    APN 016-10489-000
    UPID US05-1764144
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.70M
    Owner & transaction history
    KWDW PROP , LLC
    KWDW PROP , LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.2M +8.0%
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