Auto Shop with 3
New
For Sale
$124,900
410 Seventh Street, Hot Springs, AR 71913
Vacant commercial property with a new roof and vehicle-access bays.
Property Size1,440 SF
Price / SF$86.74
Days on Market3
Property Features for 410 Seventh Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Land
Additional Details
Service Bays
3
Building Details
Year Built
1970
Listing Agency:
Bottoms Farm & Home Realty
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 19 at 9:37AM
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 Bottoms Farm & Home Realty
Investment Insights
Based on property information with market context.
This 1,440-square-foot auto shop was built in 1970 and is currently vacant. The building includes three open bays designed for vehicle and equipment access, along with a new roof. Its prior use as a mechanic and automotive garage provides a clear connection to service-oriented operations, equipment storage, and vehicle work.
The property is located at 410 Seventh Street in Hot Springs, Arkansas. The existing bay configuration offers direct interior access for vehicles and equipment, while the vacant status allows the next owner to establish a new operation or adapt the building for another supported commercial use.
The property is located at 410 Seventh Street in Hot Springs, Arkansas. The existing bay configuration offers direct interior access for vehicles and equipment, while the vacant status allows the next owner to establish a new operation or adapt the building for another supported commercial use.
Key Highlights
- 1,440‑square‑foot auto shop
- Three open bays for vehicle and equipment access
- New roof
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
$11,370
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
9.10%
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%
$227,400
$227.4K
Cap Rate 7%
$162,429
$162.4K
Cap Rate 9%
$126,333
$126.3K
Market Conditions
NOI Build-Up for 1,440 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
$17.3K $12.00/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$16.2K $11.28/SF
− OpEx
−$4.9K −$3.38/SF
NOI
$11.4K $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%
$227,400
Cap Rate 7%
$162,429
Cap Rate 9%
$126,333
Alternative Uses
Best Use
Retail
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 9.10%
Second Best
Industrial
$65.8K
$57.6K – $76.8K
NOI $4,606 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$263.3K
$230.4K – $307.2K
NOI $18,434 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,133 visits/mo
0.4 miles
AutoZone
Shops & Services
4,069 visits/mo
0.3 miles
H&R Block
Shops & Services
1,015 visits/mo
0.5 miles
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Cherry's mobile mechanics service — 300 Meadowbrook St, Hot Springs, AR 71913
- My Project — 206 Sonnet St, Hot Springs, AR 71913
- Western Auto — 1307 Albert Pike Rd, Hot Springs, AR 71913
- Suntek Window Tint — 1101 Albert Pike Rd, Hot Springs, AR 71913
- Spa City Tires — 901 Albert Pike Rd, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant commercial property with a new roof and vehicle-access bays.
Where is this auto shop located?
The property is located at 410 Seventh Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,440‑square‑foot auto shop; Three open bays for vehicle and equipment access; New roof
