Remodeled Commercial Building in Hot
1100 & 1034 MALVERN Avenue, Hot Springs, AR 71913
Building and Land - Hot Springs, AR
Property size:
15,000 SFLot size:
1.00 AcrePrice / SF:
$125/SF- Added:
- Mar 30, 2026
- Days on Market:
- 47
- Last Refresh:
- May 15 at 10:06 pm
Property Features for 1100 & 1034 MALVERN Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CBD Central Bus. District
- Interior features
- Sprinkler, Smoke Detector
- Exterior features
- Insulated Windows, Insulated Doors
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 3000
Utilities
- Heating system
- Central, Electric (Heating), Zoned (Heating)
- Cooling system
- Multi Units, Zoned
Building Details
- Year built
- 1960
- Flooring type
- Carpet, Carpet - Full
- Building materials
- Brick
- Roof type
- Composition
- Architectural style
- Other
Listing agent Deborah Libby License #00061778 (501) 525-1466
Listing office Lake Hamilton Realty, Inc. 4425 Central Avenue, Suite C, Hot Springs, AR (501) 525-1466
Listing date Mar 30, 2026
MLS# 153876
Listing URL
Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully remodeled 15,000 sq ft building offering a turnkey solution.
- Flexible spaces adaptable to a wide variety of business models.
- Three thoughtfully designed levels maximizing comfort and efficiency.
- Central location with striking curb appeal.
- Flooded with natural light and equipped with modern infrastructure.
- Zoned heating and cooling with multi units.
Overview
This 15,000-square-foot building in Hot Springs, AR, presents a unique commercial opportunity. Fully remodeled, the property features a blend of form and function across three levels. The layout is designed to maximize comfort and efficiency, with flexible spaces adaptable to various business models. The property is suitable for a fitness center, event venue, retail showroom, or multi-purpose facility. The interior space features intentional design, finishes, and structural updates. The open floor plan is flooded with natural light and equipped with modern infrastructure, providing support for high-traffic operations. The renovation offers a turnkey solution for entrepreneurs and investors. The property is located in a central location and has curb appeal. The building is located at 1100 & 1034 MALVERN Avenue, Hot Springs, AR 71913 and is situated on a 1-acre lot. The property is located in Garland County and has a zoning of CBD Central Bus. District.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$1.32M
NOI $118,440 @ 9.00% cap · cautious / downside scenario
Moderate
$1.69M
NOI $118,440 @ 7.00% cap · market / base-case scenario
Aggressive
$2.37M
NOI $118,440 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.0k | $12.00 |
| − Vacancy | −$10.8k | −$0.72 |
| EGI | $169.2k | $11.28 |
| − OpEx | −$50.8k | −$3.38 |
| NOI | $118.4k | $7.90 |
15,000 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.69M
$1.48M – $1.97M
NOI $118,440 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,024 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hollywood Athletics & Wellness ...
Gym & Fitness Center
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0448
- Latitude
- 34.500457
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 15,000 SF remodeled building suitable for various business models.
Where is this retail space located?
The property is located at 1100 & 1034 MALVERN Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Fully remodeled 15,000 sq ft building offering a turnkey solution.; Flexible spaces adaptable to a wide variety of business models.; Three thoughtfully designed levels maximizing comfort and efficiency.
