Storefront with Wide Side
New
For Sale
$250,000
121 W Grand Ave, Hot Springs, AR 71901
The open interior includes a front office, two bathrooms, and side access for large shipments.
Property Size1,722 SF
Price / SF$145.18
Days on Market6
Property Features for 121 W Grand Ave
General Information
Standard status
Active
Size
1,722 SF
Site & Location
Corner Location
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
1
Property Use
Commercial
Taxes and HOA fees
Annual Taxes
$1,652
Amenities
fully fenced lot
wide open floor plan
2 bathrooms
extra sink area
closet & storage room
doublewide doors
office area in front
Building Details
Buildings
1
Listing Agency:
Hot Springs 1st Choice Realty
Listed By:
Billy Ward · License #SA00077976
(501) 525-1600
Source:
Exprealty
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 4 at 5:19PM
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 Hot Springs 1st Choice Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,722-square-foot storefront has an open interior, a front office, two bathrooms, a separate sink area, and closet and storage space. Wide side doors provide access for moving large shipments. The property sits on a fully fenced lot at 121 W Grand Ave, at the corner of Cherry Street in Hot Springs, Arkansas.
Key Highlights
- 1,722‑square‑foot storefront building
- Fully fenced lot at West Grand Avenue and Cherry Street
- Wide side doors accommodate large shipments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,597
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$271,940
$271.9K
Cap Rate 7%
$194,243
$194.2K
Cap Rate 9%
$151,078
$151.1K
Market Conditions
NOI Build-Up for 1,722 SF
Gross rent
$20.7K $12.00/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$19.4K $11.28/SF
− OpEx
−$5.8K −$3.38/SF
NOI
$13.6K $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%
$271,940
Cap Rate 7%
$194,243
Cap Rate 9%
$151,078
Alternative Uses
Best Use
Retail
$194.2K
$170.0K – $226.6K
NOI $13,597 @ 7.0% cap · market cap 5.44%
Second Best
Flex RnD
$150.5K
$131.7K – $175.6K
NOI $10,535 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$314.9K
$275.6K – $367.4K
NOI $22,044 @ 7.0% cap · market cap 8.82%
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
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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
Similar Off Market Nearby
- Norman Florist & Greenhouses, Inc. — 620 Greenwood Ave, Hot Springs, AR 71913
Frequently Asked Questions
What type of property is this?
Storefront property - The open interior includes a front office, two bathrooms, and side access for large shipments.
Where is this storefront property located?
The property is located at 121 W Grand Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,722‑square‑foot storefront building; Fully fenced lot at West Grand Avenue and Cherry Street; Wide side doors accommodate large shipments
