Commercial Land with Existing
For Sale
$75,000
1100 E GRAND Avenue Unit 10, Hot Springs, AR 71901
Commercially zoned land with available utilities and an existing structure requiring as-is sale.
Property Size690 SF
Days on Market217
Property Features for 1100 E GRAND Avenue Unit 10
General Information
Standard status
Active
Size
690 SF
Property subtype
Building and Land
Taxes and HOA fees
Annual Taxes
$713
Building Details
Building Size
690 SF
Year Built
1900
Listing Agency:
SB Realty & Property Management
(501) 413-7817
Listed By:
ERIKA SISSON
Source:
Whitestonearkansas
Added: Jan 26
Changed: Aug 29
Last Checked: Aug 29 at 7:35PM
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 approximately 0.62+-acre commercial land parcel includes an existing building with fire damage. The property is offered in its present as-is condition, with mobile homes conveying at no value. Utilities are available to support future site planning and redevelopment.
Located along E. Grand Avenue in Hot Springs, the property offers visibility from the avenue and is identified as commercially zoned. The site may accommodate retail, office, contractor use, or other commercial projects, subject to applicable approvals. The existing structure dates to 1900 and will require consideration in evaluating redevelopment plans.
Located along E. Grand Avenue in Hot Springs, the property offers visibility from the avenue and is identified as commercially zoned. The site may accommodate retail, office, contractor use, or other commercial projects, subject to applicable approvals. The existing structure dates to 1900 and will require consideration in evaluating redevelopment plans.
Key Highlights
- Approximately 0.62+-acre commercial land parcel
- Commercial zoning with utilities available
- Visible location along E. Grand Avenue
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Hotels & Casinos 25%
Groceries 20%
Citgo
Shops & Services
3,932 visits/mo
0.2 miles
Liquor Mart
Groceries
1,806 visits/mo
0.1 miles
Red Roof Inn, Hot Springs National Park, Arkansas
Hotels & Casinos
1,127 visits/mo
0.1 miles
Rodeway Inn
Hotels & Casinos
1,123 visits/mo
0.1 miles
FedEx Office Print & Ship Center
Shops & Services
995 visits/mo
0.4 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercially zoned land with available utilities and an existing structure requiring as-is sale.
Where is this commercial land located?
The property is located at 1100 E GRAND Avenue Unit 10 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+-acre commercial land parcel; Commercial zoning with utilities available; Visible location along E. Grand Avenue
