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    Property profile & analytics

    506 Center St Lonoke, AR 72086

    • Self service car washes
    • 1,919 SF
    • 0.66 lot acres
    For Sale
    View listing
    $220,000
    Value Estimation
    Last Sale
    Jul 01, 2021
    $150,000
    Location Intelligence
    Property ID
    US05-0953113
    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

    • Self service car washes

    Property Details for 506 Center St

    Lot size
    0.66 lot acres
    Property size
    1,919 SF
    Property type
    Self service car washes
    APN
    780-13704-000
    APU
    78013704000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $195,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $215,000
      Retail
      $235,000
      Mixed-Use
      $205,000
      Hospitality
      $180,000
      Educational
      $220,000
      Residential Income
      $185,000
      Energy
      $225,000
      Income-Based Land
      $235,000
      Food Service
      $210,000

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.9006
    Latitude
    34.7883
    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
    2023
    $1,462
    $15,840
    $9,790
    $25,630
    -
    $79,200
    $48,950
    $128,150

    Comparable in this City

    • Value Estimation
      $350,000
      2,685 SF

      1000 Ctr St

      CAR WASH - SELF-SERVE • 2,685 SF
      1000 Ctr St, Lonoke, AR 72086
      View Details
    • Value Estimation by Request
      3,008 SF

      407 Frnt St

      AUTO REPAIR, GARAGE • 3,008 SF
      407 Frnt St, Lonoke, AR 72086-3120
      View Details
    • Value Estimation
      $220,000
      8,000 SF

      913 Frontage Rd

      AUTO REPAIR, GARAGE • 8,000 SF
      913 Frontage Rd, Lonoke, AR 72086-9204
      View Details
    • Value Estimation
      $435,000
      8,616 SF

      1700 Ctr St

      AUTO REPAIR, GARAGE • 8,616 SF
      1700 Ctr St, Lonoke, AR 72086-2110
      View Details
    • Value Estimation by Request
      2,460 SF

      220 Depot St

      AUTO REPAIR, GARAGE • 2,460 SF
      220 Depot St, Lonoke, AR 72086-2743
      View Details
    • Value Estimation
      $320,000
      3,200 SF

      865 Frontage Rd

      AUTO REPAIR, GARAGE • 3,200 SF
      865 Frontage Rd, Lonoke, AR 72086-7616
      View Details

    Similar Nearby for Sale

    • $200,000
      2,400 SF

      Lonoke Shop on Corner Lot

      2,400 SF shop on 1 acre corner lot.
      9054 Hwy 31 Hwy, Lonoke, AR 72086
      View Details
    • $180,000
      2,776 SF

      Lonoke Retail Building and Land

      Retail property with highway frontage in Lonoke, Arkansas.
      501 SW Front St, Wattensaw, AR 72086
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    • $550,000
      1.50 Acres

      Lonoke, AR Retail Investment Opportunity

      Prime 7,996 SF Retail Building & Land
      604 Center St, Lonoke, AR 72086
      View Details
    • New
      $299,900
      2,213 SF

      Turnkey Restaurant and Art Studio

      Established restaurant and art studio with impressive clientele in Lonoke.
      106 N Center St, Lonoke, AR 72086
      View Details
    • New
      $275,000
      5,000 SF

      Commercial Retail Building in Lonoke

      Commercial retail building with great exposure and endless possibilities.
      405 N Center St, Lonoke, AR 72086
      View Details
    • $182,000
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      Lonoke Commercial Building and Land

      Commercial building and land for sale in Lonoke, Arkansas.
      102 Court St, Lonoke, AR 72086
      View Details
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    506 Center St
    Lonoke, AR 72086
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    Realmo Value Estimation

    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.

    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.

    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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