Office Suite with Private
For Sale
Contact for pricing
106 Ridgeway Street #Suite E, Hot Springs, AR 71901
The corner suite combines reception and lobby areas with private workspaces, storage, and an in-suite restroom.
Property Size1,285 SF
Price / SF$1.17
Days on Market51
Property Features for 106 Ridgeway Street #Suite E
General Information
Standard status
Active
Size
1,285 SF
Total Parking Spaces
40
Property subtype
Commercial
Lease Type
Modified Gross
Amenities
private entrances
Building Details
Building Size
1,285 SF
Year Built
1980
Stories
2
Tenancy
Multi
Listing Agency:
Arkbest Realty, Inc.
(501) 374-7222
Listed By:
Tiffani Silvey · License ##SA00097857
(501) 499-4739
Source:
Carolynrussellrealestate
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 4 at 7:25AM
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 Arkbest Realty, Inc.
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Investment Insights
Based on property information with market context.
Suite E is a 1,285-square-foot corner office in a multi-tenant commercial building. Its layout includes a reception area, lobby, four private offices, a storage closet, and a restroom. The suite also has a private entrance, with on-site parking available to occupants.
The property at 106 Ridgeway Street is in Hot Springs, just off Central Avenue. Lease terms are modified gross, with utilities paid by the tenant.
The property at 106 Ridgeway Street is in Hot Springs, just off Central Avenue. Lease terms are modified gross, with utilities paid by the tenant.
Key Highlights
- 1,285‑square‑foot corner office suite
- Four private offices, reception area, lobby, storage closet, and restroom
- Private suite entrance and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,338
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,760
$246.8K
Cap Rate 7%
$176,257
$176.3K
Cap Rate 9%
$137,089
$137.1K
Market Conditions
NOI Build-Up for 1,285 SF
Gross rent
$18.5K $14.40/SF
− Vacancy
−$2.1K −$1.60/SF
EGI
$16.5K $12.80/SF
− OpEx
−$4.1K −$3.20/SF
NOI
$12.3K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,760
Cap Rate 7%
$176,257
Cap Rate 9%
$137,089
Alternative Uses
Best Use
Office B
$176.3K
$154.2K – $205.6K
NOI $12,338 @ 7.0% cap · market cap 822.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.6K – $274.2K
NOI $16,450 @ 7.0% cap · market cap 1,096.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The corner suite combines reception and lobby areas with private workspaces, storage, and an in-suite restroom.
Where is this office unit located?
The property is located at 106 Ridgeway Street #Suite E Hot Springs, AR.
What are key features of this property?
This property features: 1,285‑square‑foot corner office suite; Four private offices, reception area, lobby, storage closet, and restroom; Private suite entrance and on‑site parking
