Property profile

506 Ctr St Lonoke, AR 72086

OFF-MARKET
Self service car washes
Property ID
US05-0953113
1,919 SF 0.66 ac lot
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Located at 506 Center Street, this 0.66-acre lot offers significant potential for a variety of commercial ventures. The property's size provides ample space for development, allowing for flexibility in design and functionality. Its strategic location on Center Street ensures high visibility and accessibility, making it an ideal site for businesses seeking strong foot traffic and convenient access for customers. The address is well-situated within Lonoke, offering proximity to local amenities and a growing community. This is a blank canvas for entrepreneurs and developers looking to establish a presence in a dynamic market. The asking price of $220,000 represents a compelling value for a property of this size and location in Lonoke. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is classified as "Other" in terms of property type, suggesting a wide range of potential uses subject to local zoning regulations. Further due diligence is recommended to determine the suitability for specific commercial projects. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly developing area.

Property profile

Verified
Property type Self service car washes
Use group CAR WASH - SELF-SERVE
Total area 1,919 SF
Lot 0.66 ac (28,750 SF)
APN 780-13704-000
UPID US05-0953113

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

506 Ctr St Lonoke, AR 72086
Lonoke metro Census 20500 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$140k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$140k

Owner & transaction history

since 2021
Last sale
$150,000
3 recorded transactions
2021
$150,000
2015
Price N/A
1997
$40,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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