Vacant Shell Retail
For Sale
Contact for pricing
155 Carpenter Dam Rd, Hot Springs, AR 71901
Newly built retail space at a prominent intersection, offering a flexible shell for future interior build-out.
Property Size1,427 SF
Price / SF$1.90
Days on Market61
Property Features for 155 Carpenter Dam Rd
General Information
Standard status
Active
Size
1,427 SF
Building Details
Year Built
2023
Listing Agency:
McGraw Realtors - HS
Listed By:
Ashley Layfield
(501) 282-1179
Source:
Pcsingtolittlerock
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 7 at 2:59PM
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 McGraw Realtors - HS
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this 1,427-square-foot retail space is presented in vacant shell condition, allowing the interior to be configured for a future retail or restaurant use. The property provides a straightforward starting point for an approved build-out within an established commercial setting.
The space is located at the intersection of Malvern Ave and Carpenter Dam Rd in Hot Springs, within the Lakeside School District. Its intersection setting provides direct access to two named roads and places the property within a recognizable local trade area.
The space is located at the intersection of Malvern Ave and Carpenter Dam Rd in Hot Springs, within the Lakeside School District. Its intersection setting provides direct access to two named roads and places the property within a recognizable local trade area.
Key Highlights
- 1,427‑square‑foot retail space
- Vacant shell condition supports a future interior build‑out
- Built in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,268
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,360
$225.4K
Cap Rate 7%
$160,971
$161.0K
Cap Rate 9%
$125,200
$125.2K
Market Conditions
NOI Build-Up for 1,427 SF
Gross rent
$17.1K $12.00/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$16.1K $11.28/SF
− OpEx
−$4.8K −$3.38/SF
NOI
$11.3K $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%
$225,360
Cap Rate 7%
$160,971
Cap Rate 9%
$125,200
Alternative Uses
Best Use
Retail
$161.0K
$140.9K – $187.8K
NOI $11,268 @ 7.0% cap · market cap 414.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.0K
$228.4K – $304.5K
NOI $18,268 @ 7.0% cap · market cap 672.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Shell
Shops & Services
10,809 visits/mo
0.2 miles
Arvest Bank
Shops & Services
4,321 visits/mo
0.2 miles
Daylight Donuts
Dining
123 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Newly built retail space at a prominent intersection, offering a flexible shell for future interior build-out.
Where is this retail space located?
The property is located at 155 Carpenter Dam Rd Hot Springs, AR.
What are key features of this property?
This property features: 1,427‑square‑foot retail space; Vacant shell condition supports a future interior build‑out; Built in 2023
