Commercial Redevelopment Land with
For Sale
$75,000
10-1100 E Grand Ave, Hot Springs, AR 71901
Commercially zoned land with a fire-damaged building sold as-is, with utilities available for redevelopment.
Property Size690 SF
Lot Size0.62 Acres
Price / SF$108.70
Days on Market193
Property Features for 10-1100 E Grand Ave
General Information
Standard status
Active
Size
690 SF
Lot size
0.62 Acres
Additional Details
Utilities to Site
Yes
Listing Agency:
SB Realty & Property Management
(501) 315-6994
Listed By:
ERIKA SISSON
(501) 315-6994
Source:
Exprealty
Added: Jan 26
Changed: Jul 21
Last Checked: Aug 7 at 11:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SB Realty & Property Management
Investment Insights
Based on property information with market context.
This commercial redevelopment site includes an existing commercial building that has sustained fire damage and is being sold as-is. The property also conveys mobile homes at no value. Utilities are available, supporting redevelopment and other commercial project uses at the buyer’s direction.
Located at 10-1100 E Grand Ave in Hot Springs, AR, the site is described as offering excellent visibility along E. Grand Avenue. The offering is identified as commercial zoning.
With utilities in place and the property being marketed specifically for redevelopment, the assemblage presents a straightforward redevelopment scenario for a range of commercial concepts consistent with the site’s commercial zoning.
Located at 10-1100 E Grand Ave in Hot Springs, AR, the site is described as offering excellent visibility along E. Grand Avenue. The offering is identified as commercial zoning.
With utilities in place and the property being marketed specifically for redevelopment, the assemblage presents a straightforward redevelopment scenario for a range of commercial concepts consistent with the site’s commercial zoning.
Key Highlights
- Approximately 0.62± acres with commercial zoning
- Fire‑damaged commercial building on‑site, sold as‑is
- Utilities are available
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
$5,448
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
7.26%
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%
$108,960
$109.0K
Cap Rate 7%
$77,829
$77.8K
Cap Rate 9%
$60,533
$60.5K
Market Conditions
NOI Build-Up for 690 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
$8.3K $12.00/SF
− Vacancy
−$497 −$0.72/SF
EGI
$7.8K $11.28/SF
− OpEx
−$2.3K −$3.38/SF
NOI
$5.4K $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%
$108,960
Cap Rate 7%
$77,829
Cap Rate 9%
$60,533
Alternative Uses
Best Use
Retail
$77.8K
$68.1K – $90.8K
NOI $5,448 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$126.2K
$110.4K – $147.2K
NOI $8,833 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
75k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 11%
Groceries 6%
McDonald's
Dining
18,055 visits/mo
0.2 miles
Burger King
Dining
9,887 visits/mo
0.1 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.1 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land with a fire-damaged building sold as-is, with utilities available for redevelopment.
Where is this commercial land located?
The property is located at 10-1100 E Grand Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Approximately 0.62± acres with commercial zoning; Fire‑damaged commercial building on‑site, sold as‑is; Utilities are available
