Flex Space with Divisible
New
For Sale
$735,000
110 Stonewall Street, Hot Springs, AR 71913
Commercial / Industrial, Hot Springs, AR
Property Size4,950 SF
Lot Size0.43 Acres
Price / SF$148.48
Days on Market1
Property Features for 110 Stonewall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
10
Directions
From HSBOR: Left on Orange, Left on Ouachita, Straight on Grand, Grand to Albert Pike, Left on Airport, Left on Stonewall
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
APN
300-13202-000
Size
4,950 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT NW NW
Tax Annual Amount
3000
Legal Description
PT NW NW
Building Details
Year built
2026
Floors in Building
1
Listing Agency:
Keller Williams Realty Hot Springs
(501) 907-5959
Listed By:
Jason Edington · License #AB56069,ARKANSAS
(870) 210-1445
Added: Aug 20
Last Checked: Aug 20 at 10:06PM
MLS# 26034035
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 4,950-square-foot flex property includes two commercial buildings on 0.43 acres. One building is leased, while the newer structure is under construction and features spray-foam insulation, a heavy-duty 6-inch concrete slab, and nearly 15 feet of clearance from the floor to the bottom of the rafters. The new building can function as one larger commercial area or be configured as three separately metered stalls.
Located at 110 Stonewall Street in Hot Springs, Arkansas, the property is just off Airport Road. The configuration supports warehouse, flex space, light industrial, contractor storage, automotive, workshop, distribution, and other small-business applications identified for the property.
Located at 110 Stonewall Street in Hot Springs, Arkansas, the property is just off Airport Road. The configuration supports warehouse, flex space, light industrial, contractor storage, automotive, workshop, distribution, and other small-business applications identified for the property.
Key Highlights
- Two commercial buildings totaling 4,950 square feet on 0.43 acres
- One building is currently leased
- 2026 construction with spray‑foam insulation
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
$30,284
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
4.12%
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%
$605,680
$605.7K
Cap Rate 7%
$432,629
$432.6K
Cap Rate 9%
$336,489
$336.5K
Market Conditions
NOI Build-Up for 4,950 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
$49.3K $9.96/SF
− Vacancy
−$2.7K −$0.55/SF
EGI
$46.6K $9.41/SF
− OpEx
−$16.3K −$3.29/SF
NOI
$30.3K $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%
$605,680
Cap Rate 7%
$432,629
Cap Rate 9%
$336,489
Alternative Uses
Best Use
Flex RnD
$432.6K
$378.6K – $504.7K
NOI $30,284 @ 7.0% cap · market cap 4.12%
Second Best
Warehouse
$274.7K
$240.3K – $320.5K
NOI $19,227 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$905.3K
$792.1K – $1.06M
NOI $63,368 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
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 - Two-building commercial property combines an occupied building with new construction suited to owner-user or multi-tenant operations.
Where is this flex space located?
The property is located at 110 Stonewall Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Two commercial buildings totaling 4,950 square feet on 0.43 acres; One building is currently leased; 2026 construction with spray‑foam insulation
