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    Industrial Building with Leased Store Title is generated by Realmo AI

    1201-1205 Albert Pike Rd, Hot Springs, AR

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    Industrial building with leased tobacco store on a 1.04-acre lot.

    Type:INDUSTRIAL
    Property size:
    4,238 SF
    Lot size:
    1.04 Acres
    Price / SF:
    $136/SF
    Added:
    Feb 26, 2025
    Days on Market:
    474
    Last Refresh:
    May 20 at 9:28 pm

    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

    We can help!

    Listing Contact
    Brian Gehrki
    Brian Gehrki

    Listing agent Brian Gehrki

    Listing office Colliers - Hot Springs

    Listing date Feb 26, 2025

    Source Moodyscre

    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

    HighLights

    • Corner location with easy access
    • 3,800 SF industrial building
    • 1.04 acre lot size
    • Zoned C2- General Business District
    • Approximately 24,000 vehicles per day traffic count
    • 438 SF leased tobacco store

    Overview

    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.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $50.9k $12.00
    − Vacancy −$3.1k −$0.72
    EGI $47.8k $11.28
    − OpEx −$14.3k −$3.38
    NOI $33.5k $7.90
    4,238 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $478.0K
    $418.3K – $557.7K (±1% cap)
    NOI $33,463 @ 7.0% cap · market cap 5.76%
    Second Best
    Warehouse
    $235.2K
    $205.8K – $274.4K (±1% cap)
    NOI $16,461 @ 7.0% cap · market cap 2.84%
    Theoretical Best
    Office A
    $775.0K
    $678.2K – $904.2K (±1% cap)
    NOI $54,253 @ 7.0% cap · market cap 9.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Lock & Stor — 144 Mountain Pine Rd, Hot Springs, AR 71913
    • 270 West Boat & RV Storage — 3475 Albert Pike Rd, Hot Springs National Park, AR 71913
    • All About Storage — 114 Macon Terrace, Hot Springs, AR 71913

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0825
    Latitude
    34.4928

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    FAQs

    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
    (501) 623-2200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Gehrki
    Brian Gehrki
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