Three-Office Business
For Sale
Contact for pricing
1801 Central Avenue #Suite B, Hot Springs, AR 71901
Reception, storage, and a break room complement three private offices in a managed business center.
Property Size1,085 SF
Price / SF$1.24
Days on Market138
Property Features for 1801 Central Avenue #Suite B
General Information
Standard status
Active
Size
1,085 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
1,085 SF
Year Built
1974
Stories
1
Listing Agency:
Coldwell Banker Rpm Group-Hot
(501) 525-7355
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Esqbrokers
Added: Jun 10
Changed: Oct 24
Last Checked: Oct 24 at 2:54PM
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 Coldwell Banker Rpm Group-Hot
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Investment Insights
Based on property information with market context.
Office Suite B at 1801 Central Avenue provides 1,085 square feet with three private offices, a reception area, storage, and a break room. The building was constructed in 1974 and is operated as a business center.
The suite has Central Avenue frontage, and the landlord is based in the same building.
The suite has Central Avenue frontage, and the landlord is based in the same building.
Key Highlights
- 1,085 SF office suite
- Three private offices plus reception area, storage, and break room
- Central Avenue frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,340
$208.3K
Cap Rate 7%
$148,814
$148.8K
Cap Rate 9%
$115,744
$115.7K
Market Conditions
NOI Build-Up for 1,085 SF
Gross rent
$15.6K $14.40/SF
− Vacancy
−$1.7K −$1.60/SF
EGI
$13.9K $12.80/SF
− OpEx
−$3.5K −$3.20/SF
NOI
$10.4K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,340
Cap Rate 7%
$148,814
Cap Rate 9%
$115,744
Alternative Uses
Best Use
Office B
$148.8K
$130.2K – $173.6K
NOI $10,417 @ 7.0% cap · market cap 771.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$198.4K
$173.6K – $231.5K
NOI $13,890 @ 7.0% cap · market cap 1,028.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Reception, storage, and a break room complement three private offices in a managed business center.
Where is this office unit located?
The property is located at 1801 Central Avenue #Suite B Hot Springs, AR.
What are key features of this property?
This property features: 1,085 SF office suite; Three private offices plus reception area, storage, and break room; Central Avenue frontage
