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 Market610
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: Oct 26
Last Checked: Oct 28 at 8:03AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$33,463
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
492
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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
