Auto Shop Buildings with Three-Bay
For Sale
$700,000
207 and 209 Golf Links Rd, Hot Springs, AR 71901
Two updated commercial buildings, including a three-bay auto service setup with lifts, an overhead door, and office and restroom space.
Property Size3,974 SF
Days on Market310
Property Features for 207 and 209 Golf Links Rd
General Information
Standard status
Active
Size
3,974 SF
Property subtype
Building and Land
Additional Details
Service Bays
3
Taxes and HOA fees
Annual Taxes
$2,500
Amenities
kitchen area
office space
bathroom with shower
overhead door
Building Details
Building Size
3,974 SF
Year Built
1960
Buildings
2
Listing Agency:
Rix Realty Advantage Team Realtors
Listed By:
Stephen Inman-Crawley · License #SA00076751
(501) 366-0259
Source:
Whitestonearkansas
Added: Nov 8, 2025
Changed: Sep 12
Last Checked: Sep 13 at 10:44AM
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 Rix Realty Advantage Team Realtors
Investment Insights
Based on property information with market context.
Two updated commercial buildings are offered at 207 and 209 Golf Links Rd in Hot Springs, AR 71901, positioned in a high-traffic location with strong visibility. The property includes 207 Golf Links, which is described as a bright, updated space with a flexible layout that can support uses such as a daycare, medical office, service business, or car dealership.
The second building, 209 Golf Links, is configured for auto service or mechanical operations. It features three bays with lifts, an overhead door, and an interior layout that includes a kitchen area, office space, and a bathroom with shower.
Built in 1960, these two buildings are presented as move-in-ready and designed for immediate usability, bringing together service-focused garage capacity and a separate updated space for client-facing operations.
The second building, 209 Golf Links, is configured for auto service or mechanical operations. It features three bays with lifts, an overhead door, and an interior layout that includes a kitchen area, office space, and a bathroom with shower.
Built in 1960, these two buildings are presented as move-in-ready and designed for immediate usability, bringing together service-focused garage capacity and a separate updated space for client-facing operations.
Key Highlights
- Two updated commercial buildings at 207 and 209 Golf Links Rd in Hot Springs, AR
- 209 Golf Links configured for auto service or mechanical operations
- Three bays with lifts plus an overhead door at 209 Golf Links
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,377
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,540
$767.5K
Cap Rate 7%
$548,243
$548.2K
Cap Rate 9%
$426,411
$426.4K
Market Conditions
NOI Build-Up for 3,974 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.1K $17.40/SF
− Vacancy
−$5.2K −$1.31/SF
EGI
$64.0K $16.10/SF
− OpEx
−$25.6K −$6.44/SF
NOI
$38.4K $9.66/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,540
Cap Rate 7%
$548,243
Cap Rate 9%
$426,411
Alternative Uses
Best Use
Healthcare Medical
$548.2K
$479.7K – $639.6K
NOI $38,377 @ 7.0% cap · market cap 5.48%
Second Best
Office B
$545.1K
$476.9K – $635.9K
NOI $38,155 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$726.8K
$635.9K – $847.9K
NOI $50,874 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Well-served
Demand for This Use
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
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Similar Off Market Nearby
- American Auto Glass of Hot Springs — 3521 Central Ave, Hot Springs, AR 71913
- Honda Service — 109 McMahan St, Hot Springs, AR 71913, United States
- RJH Suspension & Engine — 111 Carl Dr, Hot Springs, AR 71913
- John's Honda — 111 Carl Dr, Hot Springs, AR 71913
- Bennett's Auto Services — 936 Golf Links Rd, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Auto shop - Two updated commercial buildings, including a three-bay auto service setup with lifts, an overhead door, and office and restroom space.
Where is this auto shop located?
The property is located at 207 and 209 Golf Links Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two updated commercial buildings at 207 and 209 Golf Links Rd in Hot Springs, AR; 209 Golf Links configured for auto service or mechanical operations; Three bays with lifts plus an overhead door at 209 Golf Links
