Three-Bay Auto Shop with
For Sale
$750,000
207 & 209 GOLF LINKS Road, Hot Springs, AR 71901
COMMERCIAL - Hot Springs, AR
Property Size3,974 SF
Lot Size0.52 Acres
Price / SF$188.73
Days on Market49
Property Features for 207 & 209 GOLF LINKS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-N Nbhd Comm District,C-
Zoning description
C-N Nbhd Comm District, C-MU Comm MxUse District
Exterior features
Partially Fenced, Pole Sign
Fencing
Partial
Directions
Central South to L On Golf Links to properties on L
Subdivision
HOT SPRINGS
Standard status
Active
Size
3,974 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT NW NW STR 16-03S-19W Unplanted Hot Springs Garland County AR PARCEL IDS 105706 and 52190
Tax Annual Amount
2500
Legal Description
PT NW NW STR 16-03S-19W Unplanted Hot Springs Garland County AR PARCEL IDS 105706 and 52190
Amenities
kitchen area
office space
bathroom with shower
overhead door
Building Details
Year built
1960
Floors in Building
1
Flooring type
Wood
Roof type
Composition, Metal
Listing Agency:
Rix Realty - Advantage Team Realtors
(501) 205-1900
Listed By:
Stephen Inman-Crawley · License #SA00076751
(501) 366-0259
Added: Jul 10
Changed: Aug 4
Last Checked: Aug 27 at 7:06AM
MLS# 153179
Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two updated commercial buildings located at 207 and 209 Golf Links Road in Hot Springs offer a flexible mix of uses, including daycare, medical office, service business, or automotive service. The property is positioned to support both client-facing and back-of-house needs, with wood flooring and roof systems noted as composition and metal.
209 Golf Links is configured for auto service or mechanical operations, featuring three bays with lifts, an overhead door, and an updated interior. Additional functional space includes a kitchen area, office space, and a bathroom with shower. The property also includes 207 Golf Links as a bright, updated commercial space suitable for a range of professional and service uses.
Set on 0.52 acres with partial fencing and a pole sign, the site was built in 1960. Zoning is listed as C-N Nbhd Comm District and C-.
209 Golf Links is configured for auto service or mechanical operations, featuring three bays with lifts, an overhead door, and an updated interior. Additional functional space includes a kitchen area, office space, and a bathroom with shower. The property also includes 207 Golf Links as a bright, updated commercial space suitable for a range of professional and service uses.
Set on 0.52 acres with partial fencing and a pole sign, the site was built in 1960. Zoning is listed as C-N Nbhd Comm District and C-.
Key Highlights
- Three‑bay auto service setup at 209 Golf Links with lifts and an overhead door
- Two updated commercial buildings at 207 and 209 Golf Links Road
- Total property size 3,974 SF on 0.52 acres
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
5.12%
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 5.12%
Second Best
Office B
$545.1K
$476.9K – $635.9K
NOI $38,155 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$726.8K
$635.9K – $847.9K
NOI $50,874 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 totaling 3,974 SF on 0.52 acres, zoned C-N, with a three-bay auto service setup.
Where is this auto shop located?
The property is located at 207 & 209 GOLF LINKS Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Three‑bay auto service setup at 209 Golf Links with lifts and an overhead door; Two updated commercial buildings at 207 and 209 Golf Links Road; Total property size 3,974 SF on 0.52 acres
