Flex Space with
New
For Sale
$440,000
1966 Airport Rd, Hot Springs, AR 71913
Level grounds and on-site parking accompany a property suited to varied commercial operations.
Property Size5,100 SF
Price / SF$86.27
Days on Market2
Property Features for 1966 Airport Rd
General Information
Standard status
Active
Size
5,100 SF
Property subtype
Commercial / Industrial
Additional Details
Road Access
Yes
Warehouse Space
5,100 SF
Property Use
Warehouse
Amenities
ample parking
Building Details
Buildings
1
Listing Agency:
Signature Homes Real Estate
(501) 359-3059
Listed By:
Bobbie Schroeder · License #EB00079868
(501) 760-8002
Source:
Heilesassociatesrealtors
Added: Oct 30
Last Checked: Oct 30 at 3:07PM
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 Signature Homes Real Estate
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.
This flex property includes a 5,100-square-foot warehouse and more than an acre of level land. On-site parking and road frontage are also part of the offering, supporting a range of commercial space needs.
The property is located at 1966 Airport Rd in Hot Springs, Arkansas.
The property is located at 1966 Airport Rd in Hot Springs, Arkansas.
Key Highlights
- 5,100‑square‑foot warehouse
- More than an acre of level land
- Road frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,201
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,020
$624.0K
Cap Rate 7%
$445,729
$445.7K
Cap Rate 9%
$346,678
$346.7K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$50.8K $9.96/SF
− Vacancy
−$2.8K −$0.55/SF
EGI
$48.0K $9.41/SF
− OpEx
−$16.8K −$3.29/SF
NOI
$31.2K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,020
Cap Rate 7%
$445,729
Cap Rate 9%
$346,678
Alternative Uses
Best Use
Flex RnD
$445.7K
$390.0K – $520.0K
NOI $31,201 @ 7.0% cap · market cap 7.09%
Second Best
Warehouse
$283.0K
$247.6K – $330.2K
NOI $19,809 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$932.7K
$816.1K – $1.09M
NOI $65,288 @ 7.0% cap · market cap 14.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Level grounds and on-site parking accompany a property suited to varied commercial operations.
Where is this flex space located?
The property is located at 1966 Airport Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 5,100‑square‑foot warehouse; More than an acre of level land; Road frontage
