Office Suite on Central
For Sale
Contact for pricing
1820 Central Avenue Suite E, Hot Springs, AR 71901
Office suite available for purchase on Central Avenue.
Property Size2,390 SF
Price / SF$0.56
Days on Market201
Property Features for 1820 Central Avenue Suite E
General Information
Standard status
Active
Size
2,390 SF
Property subtype
Commercial / Industrial
Listing Agency:
CBRPM Hot Springs
(501) 525-7355
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Heilesassociatesrealtors
Added: Apr 8
Changed: Oct 15
Last Checked: Oct 24 at 6:18PM
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 CBRPM Hot Springs
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at the northwest corner of the intersection of Central Avenue and Greenwood, this office suite is situated within a large brick building. The property, identified as Suite E, is accessible from the south side of the building. The suite is suitable for office use.
Key Highlights
- Central location at the intersection of Central and Greenwood.
- Brick building.
- Central air conditioning (Electric).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,947
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,940
$458.9K
Cap Rate 7%
$327,814
$327.8K
Cap Rate 9%
$254,967
$255.0K
Market Conditions
NOI Build-Up for 2,390 SF
Gross rent
$34.4K $14.40/SF
− Vacancy
−$3.8K −$1.60/SF
EGI
$30.6K $12.80/SF
− OpEx
−$7.6K −$3.20/SF
NOI
$22.9K $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%
$458,940
Cap Rate 7%
$327,814
Cap Rate 9%
$254,967
Alternative Uses
Best Use
Office B
$327.8K
$286.8K – $382.5K
NOI $22,947 @ 7.0% cap · market cap 1,699.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.1K
$382.5K – $509.9K
NOI $30,596 @ 7.0% cap · market cap 2,266.37%
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
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 - Office suite available for purchase on Central Avenue.
Where is this office unit located?
The property is located at 1820 Central Avenue Suite E Hot Springs, AR.
What are key features of this property?
This property features: Central location at the intersection of Central and Greenwood.; Brick building.; Central air conditioning (Electric).
