Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    450 BROADWAY Street Hot Springs, AR 71913

    View on Map
    For Sale
    $579,000

    Building and Land - Hot Springs, AR

    Property size:
    5,280 SF
    Lot size:
    0.30 Acres
    Added:
    Feb 12, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 31 at 6:06 pm

    Property Features for 450 BROADWAY Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    10
    Parking features
    On Street
    Interior features
    Burglar Alarm, Ceiling Fans, Video Surveillance
    Exterior features
    Partially Fenced, Guttering, Door Sign, Wheelchair Accessible
    Fencing
    Fenced, Partial
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    5,280 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    2477

    Utilities

    Heating system
    Central, Natural Gas, Zoned (Heating)
    Cooling system
    Central Air, Electric, Multi Units, Zoned

    Building Details

    Year built
    1939
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Block
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    George Dooley
    George Dooley

    Listing agent George Dooley

    Listing office Trademark Real Estate, Inc. 4262 Central Ave, Hot Springs, AR

    Listing date Feb 12, 2026

    MLS# 26005447 Listing URL

    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.

    Overview

    Versatile Commercial Building in Hot Springs

    This versatile 5280 square foot heated and cooled commercial building offers a spacious floor plan suitable for retail, showroom, office, fitness, warehouse-flex, or mixed-use operations. The space provides flexibility and adaptability for a wide range of business needs with an interior ceiling height of 14' 6". The layout includes one full bath, one half bath, and two additional rear areas suitable for private offices, storage workrooms, or break areas, as well as a small fenced-in back area. The open configuration allows for customization to match specific needs. The property is in close proximity to historic downtown Hot Springs, Arkansas, offering visibility and accessibility. This property combines size, functionality, and location, making it an opportunity for businesses seeking room to grow in a thriving area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Personalized Fitness Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.051766
    Latitude
    34.503627

    Nearby Similar for Sale

    • $900,000
      3,974 SF

      Updated Buildings in High-Traffic Location

      Two move-in-ready commercial buildings with high visibility.
      207 & 209 GOLF LINKS Road, Hot Springs, AR 71901
      View Details
    • $575,000
      2,500 SF

      Hot Springs Commercial Auto Building

      Move-in ready commercial building suitable for auto service operations.
      209 GOLF LINKS Road, Hot Springs, AR 71901
      View Details
    • $499,000
      5,100 SF

      Versatile Warehouse on Usable Land

      5,100 sq ft warehouse on 1.43 acres in Hot Springs.
      1966 Airport Rd, Hot Springs, AR 71913
      View Details
    • $1,875,000
      15,000 SF

      Remodeled Commercial Building in Hot Springs

      15,000 SF remodeled building suitable for various business models.
      1100 & 1034 MALVERN Avenue, Hot Springs, AR 71913
      View Details
    • $375,000
      1,474 SF

      Commercial Building in Hot Springs, AR

      Move-in ready commercial building in a high-traffic location.
      207 GOLF LINKS Road, Hot Springs, AR 71901
      View Details
    • $960,000
      9,252 SF

      Updated Venue in Downtown Hot Springs

      Updated venue in historic district, suitable for various uses.
      1008 CENTRAL Avenue, Hot Springs, AR 71901
      View Details
    • $695,000
      5,846 SF

      Hot Springs Commercial Building and Land

      1.7 acres with office and warehouse space on Airport Road.
      2208 Airport Road, Hot Springs, AR 71913
      View Details
    • $724,900
      2,070 SF

      Historic Downtown Commercial Building

      Iconic 1920 building in Historic Downtown Hot Springs.
      802 CENTRAL Avenue, Hot Springs, AR 71901
      View Details
    • $279,000
      3,180 SF

      Hot Springs Building and Land

      Commercial building on 0.46 acres in Hot Springs, Arkansas.
      1003 Park Avenue, Hot Springs, AR 71901-9999
      View Details
    • $1,875,000
      15,000 SF

      Remodeled Building in Hot Springs

      15,000 SF remodeled building suitable for various business models.
      1100 & 1034 Malvern Avenue, Hot Springs, AR 71913
      View Details
    • $274,000
      1,219 SF

      Commercial Property Near Downtown Hot Springs

      Versatile commercial space on three city lots near downtown Hot Springs.
      901 Spring Street, Hot Springs, AR 71901
      View Details
    • $2,000,000
      69,290 SF

      Industrial Warehouse with Office Space

      69,290 SF industrial warehouse with office and showroom space.
      1898 E Grand Avenue, Hot Springs, AR 71901
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 5280 SF heated/cooled building suitable for various business operations.
    Where is this mixed-use property located?
    The property is located at 450 BROADWAY Street Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: 5280 sq ft heated & cooled commercial building.; Versatile space suitable for retail, showroom, office, fitness, warehouse‑flex, or mixed‑use.; Benefit from the **14' 6" clear interior ceiling height.**
    (501) 282-0543
    We can help!
    Listing Contact
    George Dooley
    George Dooley
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!