Metal Flex Building with Paved
For Sale
$225,000
220 Minorca Road, Hot Springs Village, AR 71909
COMMERCIAL - Hot Springs Village, AR
Property Size2,900 SF
Lot Size0.50 Acres
Price / SF$77.59
Days on Market33
Property Features for 220 Minorca Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
34
Interior features
Public Restrooms, Ceiling Fans
Exterior features
Partially Fenced, Storage Building, Guttering, Pole Sign, Landscaping
Fencing
Partial
Subdivision
MINORCA COMMERCIAL
Lot features
Level, Trail/ Near Trail
Directions
From West Gate take Desoto Blvd. and turn right on Minorca Road. Building is on the Right just past Cedar Vale. From East Gate take Desoto Blvd. and turn Left on Minorca Road. Building is on the Right just past Cedar Vale.
Standard status
Active
Size
2,900 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot1/Block 1
Tax Annual Amount
1110
Legal Description
Lot1/Block 1
Building Details
Year built
1980
Floors in Building
1
Flooring type
Concrete, Vinyl
Additional Structures
Storage
Listing Agency:
RE/MAX of Hot Springs Village · RE/MAX International
(501) 922-3777
Listed By:
Jane Hollansworth · License #sa00040771
(501) 922-8177
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 7 at 12:06PM
MLS# 26027222
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.
Flex space opportunity featuring a 2,900 SF commercial metal building built in 1980, set on a 0.5-acre lot with paved parking. The building comes equipped with complete HVAC and electrical systems, and includes public restrooms and ceiling fans. Interior finishes include concrete and vinyl flooring.
On the exterior, the property includes partially fenced perimeter areas, a storage building, guttering, landscaping, and a pole sign. Existing features support a variety of flexible uses where a metal building and on-site systems are important.
A concrete- and vinyl-floored interior with restrooms, along with exterior storage and signage, provides a practical base for customizing the space to fit a tenant’s or user’s needs.
On the exterior, the property includes partially fenced perimeter areas, a storage building, guttering, landscaping, and a pole sign. Existing features support a variety of flexible uses where a metal building and on-site systems are important.
A concrete- and vinyl-floored interior with restrooms, along with exterior storage and signage, provides a practical base for customizing the space to fit a tenant’s or user’s needs.
Key Highlights
- 2,900 SF commercial metal flex building built in 1980
- 0.5‑acre lot with paved parking
- Complete HVAC and electrical systems included
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
$17,742
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
7.89%
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%
$354,840
$354.8K
Cap Rate 7%
$253,457
$253.5K
Cap Rate 9%
$197,133
$197.1K
Market Conditions
NOI Build-Up for 2,900 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
$28.9K $9.96/SF
− Vacancy
−$1.6K −$0.55/SF
EGI
$27.3K $9.41/SF
− OpEx
−$9.6K −$3.29/SF
NOI
$17.7K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$354,840
Cap Rate 7%
$253,457
Cap Rate 9%
$197,133
Alternative Uses
Best Use
Flex RnD
$253.5K
$221.8K – $295.7K
NOI $17,742 @ 7.0% cap · market cap 7.89%
Second Best
Warehouse
$160.9K
$140.8K – $187.7K
NOI $11,264 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,125 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
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 - Metal flex building with complete HVAC and electrical systems, plus paved parking on-site.
Where is this flex space located?
The property is located at 220 Minorca Road Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,900 SF commercial metal flex building built in 1980; 0.5‑acre lot with paved parking; Complete HVAC and electrical systems included
