Flex Property with Heated
For Sale
$385,000
140 Amity Rd, Hot Springs, AR 71913
Commercial / Industrial, Hot Springs, AR
Property Size2,476 SF
Lot Size1.00 Acre
Price / SF$155.49
Days on Market111
Property Features for 140 Amity Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
20
Exterior features
Storage Building
Directions
South on Central Right on Amity property on right
Subdivision
LAKESIDE SCHOOL DISTRICT
Standard status
Active
APN
100-16231-000C
Size
2,476 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
S-T-R: 36-03S-20W, LEGAL: PT S
Tax Annual Amount
2646
Legal Description
S-T-R: 36-03S-20W, LEGAL: PT S
Amenities
fully furnished
ample parking
24/24 heated, cooled and insulated shop
separate HAC systems
newly added 12/20 storage building
carport
new patio
Building Details
Year built
1971
Floors in Building
1
Flooring type
Vinyl
Additional Structures
Storage
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Karen Hudspeth · License #SA00086588
(870) 344-0123
Added: May 24
Changed: Aug 28
Last Checked: Sep 11 at 2:06PM
MLS# 26020936
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,476-square-foot flex property on 1 acre combines a furnished main building with a 24-by-24 heated, cooled, and insulated shop. Separate HVAC systems serve the primary building and shop, while vinyl flooring, a carport, patio, and additional storage support varied commercial or live/work uses. The roof is approximately 2 years old.
The property is located at 140 Amity Rd in Hot Springs, just off Highway 7 South/Central Avenue, with approximately 500 feet of road frontage. It sits outside city limits and includes parking along with a 12-by-20 storage building. Built in 1971, the property offers a flexible configuration for office, retail, service, automotive, or combined business and residential use as described in the source information.
The property is located at 140 Amity Rd in Hot Springs, just off Highway 7 South/Central Avenue, with approximately 500 feet of road frontage. It sits outside city limits and includes parking along with a 12-by-20 storage building. Built in 1971, the property offers a flexible configuration for office, retail, service, automotive, or combined business and residential use as described in the source information.
Key Highlights
- 2,476 SF flex property on 1 acre
- 24/24 heated, cooled, and insulated shop
- Approximately 500 feet of road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$391,000
$391.0K
Cap Rate 7%
$279,286
$279.3K
Cap Rate 9%
$217,222
$217.2K
Market Conditions
NOI Build-Up for 2,476 SF
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.
Gross rent
$29.7K $12.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$27.9K $11.28/SF
− OpEx
−$8.4K −$3.38/SF
NOI
$19.6K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$391,000
Cap Rate 7%
$279,286
Cap Rate 9%
$217,222
Alternative Uses
Best Use
Retail
$279.3K
$244.4K – $325.8K
NOI $19,550 @ 7.0% cap · market cap 5.08%
Second Best
Flex RnD
$216.4K
$189.4K – $252.5K
NOI $15,148 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$452.8K
$396.2K – $528.3K
NOI $31,697 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Furnished commercial property outside city limits with parking, storage, and separate systems serving the main building and shop.
Where is this flex space located?
The property is located at 140 Amity Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,476 SF flex property on 1 acre; 24/24 heated, cooled, and insulated shop; Approximately 500 feet of road frontage
