Industrial Building with Leased
For Sale
Contact for pricing
1201-1205 Albert Pike Rd, Hot Springs, AR
Industrial building with leased tobacco store on a 1.04-acre lot.
Property Size4,238 SF
Lot Size1.04 Acres
Price / SF$136
Days on Market564
Property Features for 1201-1205 Albert Pike Rd
General Information
Standard status
Active
Size
4,238 SF
Lot size
1.04 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Colliers - Hot Springs
Listed By:
Brian Gehrki
(501) 623-2200
Source:
Moodyscre
Added: Feb 26, 2025
Changed: Sep 10
Last Checked: Sep 13 at 7:32AM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
The property includes a 3,800-square-foot industrial building and a 438-square-foot leased tobacco store. Situated on a 1.04-acre lot at a corner location, the property offers convenient accessibility. It benefits from high traffic volume, with approximately 24,000 vehicles per day on US Hwy 270B. The zoning is C2- General Business District. Tenants are responsible for covering insurance, repairs, and maintenance expenses.
Key Highlights
- Corner location with easy access
- 3,800 SF industrial building
- 1.04 acre lot size
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
$33,463
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
5.76%
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%
$669,260
$669.3K
Cap Rate 7%
$478,043
$478.0K
Cap Rate 9%
$371,811
$371.8K
Market Conditions
NOI Build-Up for 4,238 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
$50.9K $12.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$47.8K $11.28/SF
− OpEx
−$14.3K −$3.38/SF
NOI
$33.5K $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%
$669,260
Cap Rate 7%
$478,043
Cap Rate 9%
$371,811
Alternative Uses
Best Use
Retail
$478.0K
$418.3K – $557.7K
NOI $33,463 @ 7.0% cap · market cap 5.76%
Second Best
Warehouse
$235.2K
$205.8K – $274.4K
NOI $16,461 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$775.0K
$678.2K – $904.2K
NOI $54,253 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with leased tobacco store on a 1.04-acre lot.
Where is this warehouse located?
The property is located at 1201-1205 Albert Pike Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $580,587.
What are key features of this property?
This property features: Corner location with easy access; 3,800 SF industrial building; 1.04 acre lot size
