Auto Service Building with 3
For Sale
$400,000
209 Golf Links Rd, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Property Size2,500 SF
Lot Size0.26 Acres
Price / SF$160
Days on Market311
Property Features for 209 Golf Links Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
Central S to L on Golf Links to properties on L
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
Size
2,500 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT NW NW 16-03S-19W
Tax Annual Amount
1481
Legal Description
PT NW NW 16-03S-19W
Amenities
kitchen area
office space
bathroom with shower
overhead door
Building Details
Year built
1995
Floors in Building
1
Listing Agency:
Rix Realty Advantage Team Realtors
(501) 205-1900
Listed By:
Stephen Inman-Crawley · License #SA00076751
(501) 366-0259
Added: Nov 7, 2025
Changed: Sep 11
Last Checked: Sep 14 at 5:06PM
MLS# 25044765
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 2,500-square-foot commercial building is configured for automotive service or mechanical operations. The property includes three service bays with lifts, an overhead door, and an updated interior. A kitchen area, office, and bathroom with shower add practical support space for daily operations. Built in 1995, the building occupies a 0.26-acre site.
The property is located at 209 Golf Links Rd in Hot Springs, Arkansas, within walking distance of Oaklawn Gaming and Casino. Its central setting and reported high-traffic exposure provide prominent positioning for an automotive-oriented business. The combination of service infrastructure and supporting interior areas offers a functional setup for continued commercial use.
The property is located at 209 Golf Links Rd in Hot Springs, Arkansas, within walking distance of Oaklawn Gaming and Casino. Its central setting and reported high-traffic exposure provide prominent positioning for an automotive-oriented business. The combination of service infrastructure and supporting interior areas offers a functional setup for continued commercial use.
Key Highlights
- Three service bays equipped with lifts
- 2,500 square feet on a 0.26‑acre site
- Overhead door for service access
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
$19,740
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
4.94%
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%
$394,800
$394.8K
Cap Rate 7%
$282,000
$282.0K
Cap Rate 9%
$219,333
$219.3K
Market Conditions
NOI Build-Up for 2,500 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
$30.0K $12.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$28.2K $11.28/SF
− OpEx
−$8.5K −$3.38/SF
NOI
$19.7K $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%
$394,800
Cap Rate 7%
$282,000
Cap Rate 9%
$219,333
Alternative Uses
Best Use
Retail
$282.0K
$246.8K – $329.0K
NOI $19,740 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$114.2K
$100.0K – $133.3K
NOI $7,997 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$457.2K
$400.1K – $533.4K
NOI $32,004 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
173k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 29%
Groceries 15%
Apparel 2%
Kroger
Groceries
25,947 visits/mo
0.4 miles
McDonald's
Dining
23,006 visits/mo
0.3 miles
SONIC Drive In
Dining
20,873 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
15,647 visits/mo
0.5 miles
Cicis
Dining
9,407 visits/mo
0.4 miles
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- RJH Suspension & Engine — 111 Carl Dr, Hot Springs, AR 71913
- John's Honda — 111 Carl Dr, Hot Springs, AR 71913
- Bennett's Auto Services — 936 Golf Links Rd, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Auto shop - Updated commercial facility includes service equipment, office space, kitchen area, and a bathroom with shower.
Where is this auto shop located?
The property is located at 209 Golf Links Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three service bays equipped with lifts; 2,500 square feet on a 0.26‑acre site; Overhead door for service access
