Flex Property with Heated
For Sale
$375,000
140 Amity Rd, Hot Springs, AR 71913
Commercial / Industrial, Hot Springs, AR
Property Size2,476 SF
Lot Size1.00 Acre
Price / SF$151.45
Days on Market137
Property Features for 140 Amity Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
20
Exterior features
Storage Building
Directions
South on Central Right on Amity property on right
Subdivision
LAKESIDE SCHOOL DISTRICT
Standard status
Active
APN
100-16231-000C
Size
2,476 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
S-T-R: 36-03S-20W, LEGAL: PT S
Tax Annual Amount
2646
Legal Description
S-T-R: 36-03S-20W, LEGAL: PT S
Amenities
fully furnished
ample parking
24/24 heated, cooled and insulated shop
separate HAC systems
newly added 12/20 storage building
carport
new patio
Building Details
Year built
1971
Floors in Building
1
Flooring type
Vinyl
Additional Structures
Storage
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Karen Hudspeth · License #SA00086588
(870) 344-0123
Added: May 24
Changed: Sep 27
Last Checked: Oct 7 at 3:06PM
MLS# 26020936
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,476-square-foot flex property on 1 acre combines a furnished main building with a 24-by-24 heated, cooled, and insulated shop. Separate HVAC systems serve the primary building and shop, while vinyl flooring, a carport, patio, and additional storage support varied commercial or live/work uses. The roof is approximately 2 years old.
The property is located at 140 Amity Rd in Hot Springs, just off Highway 7 South/Central Avenue, with approximately 500 feet of road frontage. It sits outside city limits and includes parking along with a 12-by-20 storage building. Built in 1971, the property offers a flexible configuration for office, retail, service, automotive, or combined business and residential use as described in the source information.
The property is located at 140 Amity Rd in Hot Springs, just off Highway 7 South/Central Avenue, with approximately 500 feet of road frontage. It sits outside city limits and includes parking along with a 12-by-20 storage building. Built in 1971, the property offers a flexible configuration for office, retail, service, automotive, or combined business and residential use as described in the source information.
Key Highlights
- 2,476 SF flex property on 1 acre
- 24/24 heated, cooled, and insulated shop
- Approximately 500 feet of road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,550
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,000
$391.0K
Cap Rate 7%
$279,286
$279.3K
Cap Rate 9%
$217,222
$217.2K
Market Conditions
NOI Build-Up for 2,476 SF
Gross rent
$29.7K $12.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$27.9K $11.28/SF
− OpEx
−$8.4K −$3.38/SF
NOI
$19.6K $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%
$391,000
Cap Rate 7%
$279,286
Cap Rate 9%
$217,222
Alternative Uses
Best Use
Retail
$279.3K
$244.4K – $325.8K
NOI $19,550 @ 7.0% cap · market cap 5.21%
Second Best
Flex RnD
$216.4K
$189.4K – $252.5K
NOI $15,148 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$452.8K
$396.2K – $528.3K
NOI $31,697 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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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?
Flex space - Furnished commercial property outside city limits with parking, storage, and separate systems serving the main building and shop.
Where is this flex space located?
The property is located at 140 Amity Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,476 SF flex property on 1 acre; 24/24 heated, cooled, and insulated shop; Approximately 500 feet of road frontage
