Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    154 Centennial Dr Hot Springs, AR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    69,750± SF warehouse with office space for lease.

    Type:INDUSTRIAL
    Property size:
    69,750 SF
    Lot size:
    3.30 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    163
    Last Refresh:
    Apr 5 at 9:01 pm

    Property Features for 154 Centennial Dr

    General Information

    Standard status
    Active
    Size
    69,750 SF
    Lot size
    3.30 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 154 Centennial Dr Contact us

    We can help!

    Listing Contact
    William Callahan

    Listing agent William Callahan

    Listing office CBRE Fayetteville

    Listing date Nov 24, 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 CBRE Fayetteville

    Overview

    Hot Springs Warehouse Space Available

    This property offers 69,750± square feet of warehouse space, including an office/reception area of approximately 300± square feet. Situated on a 3.3± acre site, the warehouse features a column spacing of 50’ x 50’ and a single slope clear height ranging from 25’ to 30’. It is equipped with a wet fire sprinkler system and includes five 9’ x 8’ dock doors along with one 12’ x 14’ overhead door. The foundation is constructed of reinforced concrete. Located in Hot Springs, AR, at 154 Centennial Dr.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mountain Valley -400 ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Skin Care Clinic Department Store Kitchen & Bath Showroom

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

    Similar Places Nearby

    • Mid-America Mini Storage — 535 Mountain Pine Rd, Hot Springs, AR 71913

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.1302
    Latitude
    34.5235

    Nearby Similar for Lease

    • $2,500/Mo

      Renovated Commercial Space For Lease

      Renovated commercial space in Hot Springs, ready for lease.
      600 Park Avenue, Suites A&B, Hot Springs, AR 71901
      View Details
    • $2,700/Mo

      Hot Springs Professional Center Lease

      Professional center with utilities included in Hot Springs, AR.
      1820 Central Avenue, Suite E, Hot Springs, AR 71901
      View Details
    • $1,200/Mo

      Retail/Office Space in Hot Springs

      High-traffic location suitable for retail or office use.
      913 Malvern Avenue, Hot Springs, AR 71901
      View Details
    • $4,975/Mo

      Retail Space in Hot Springs

      Retail space in growing area near downtown and convention center.
      249 Ouachita Avenue, Hot Springs, AR 71901
      View Details
    • $2,717/Mo

      Retail/Restaurant Space in Hot Springs

      Vacant retail shell space with tenant improvement allowance available.
      155 Carpenter Dam Road, Hot Springs, AR 71901
      View Details
    • $12 SF/Yr

      Professional Office Space Available

      2,560 SF office space near downtown and courthouse.
      523 Orange St, Hot Springs, AR
      View Details
    • $18,000/Mo

      Former Car Dealership For Rent

      14,019 SF commercial space ideal for retail or showroom.
      4318 Central Ave, Hot Springs, AR
      View Details
    • Contact for pricing

      Retail Space on Central Avenue

      9,664 SF retail suite with prime visibility on Central Ave.
      3339 Central Ave, Hot Springs, AR
      View Details
    • $16 SF/Yr

      Medical Office Space for Rent

      Medical office space available in Doctor’s Medical Park.
      130 Medical Park Pl, Hot Springs, AR
      View Details
    • $2,200/Mo

      Versatile Flex Space Available

      Three buildings for lease with yard space in Hot Springs.
      137 Stonewall St, Hot Springs, AR
      View Details
    • $17 SF/Yr

      Medical Office Near CHI St. Vincent’s

      Medical office near hospital with private parking and storage.
      225 McAuley Ct, Hot Springs, AR
      View Details
    • Contact for pricing

      Medical Office Space Available

      Office space for rent near Highway 270 and CHI Hospital.
      1662 Higdon Ferry Rd, Hot Springs, AR
      View Details

    FAQs

    What type of property is this?
    Warehouse - 69,750± SF warehouse with office space for lease.
    Where is this warehouse located?
    The property is located at 154 Centennial Dr Hot Springs, AR.
    What are key features of this property?
    This property features: 69,750± SF of total space.; 3.3± Acre Site.; Benefit from **25’ - 30’ Clear Height.**
    (214) 577-0711 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    William Callahan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    154 Centennial Dr , Hot Springs, AR
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!