1610 Hillsboro StEl Dorado, AR 71730
- Commercial real estate
- 5,040 SF
For Sale
$1,875,669
View listing
Property Details for 1610 Hillsboro St
- Property size (Sq ft)
- 5,040 SF
- Property type
- Commercial real estate
- APN
- 04783-00336-0401
- APU
- 4783003360401
Description
This El Dorado, Arkansas auto shop presents a compelling investment opportunity. The 5,010 square-foot building sits on a 3.14-acre lot and is currently 100% occupied under an absolute triple-net (NNN) lease with a corporate guarantor. The lease, initiated January 1, 2020, has a remaining term of approximately 3.1 years, with two five-year renewal options. The property boasts significant outdoor storage space and benefits from below-market rent, making it highly replaceable. The strong tenant history and built-in rent increases offer excellent long-term returns. Built in 2008, this property offers a 7.25% cap rate and a current NOI of $135,986. The asking price is $1,875,669.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $916,771
- Hospitality
- $839,757
- Educational
- $698,668
- Medical
- $722,696
- Retail
- $1,086,817
Location Insight
- City
- El Dorado
- County
- Union
- State
- Arkansas
- Latitude
- 33.208
- Longitude
- -92.6839
- CBSA code
- 20980
- CBSA name
- EL DORADO, AR MICROPOLITAN 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
2016
$3,530
-
$77,590
$77,590
-
-
-
$387,950
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].