Three-Bay Auto
New
For Sale
$400,000
209 GOLF LINKS Road, Hot Springs, AR 71901
Updated commercial facility configured for auto service, with office, kitchen, and a bathroom with shower.
Property Size2,500 SF
Days on Market3
Property Features for 209 GOLF LINKS Road
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Building and Land
Additional Details
Service Bays
3
Taxes and HOA fees
Annual Taxes
$1,481
Amenities
kitchen area
office space
bathroom with shower
Building Details
Building Size
2,500 SF
Year Built
1995
Listing Agency:
Rix Realty Advantage Team Realtors
Listed By:
Stephen Inman-Crawley · License #SA00076751
(501) 366-0259
Source:
Whitestonearkansas
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 3:03PM
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.
This auto-service property at 209 Golf Links Road includes three bays equipped with lifts and an overhead door. The interior has been updated and provides practical support areas, including an office, kitchen area, and bathroom with shower. Built in 1995, the facility is configured for automotive service or mechanical operations and combines service-bay functionality with dedicated staff and customer-use areas.
Key Highlights
- Three service bays with lifts
- Overhead door for shop access
- Updated interior configuration
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
$19,740
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
4.94%
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%
$394,800
$394.8K
Cap Rate 7%
$282,000
$282.0K
Cap Rate 9%
$219,333
$219.3K
Market Conditions
NOI Build-Up for 2,500 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
$30.0K $12.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$28.2K $11.28/SF
− OpEx
−$8.5K −$3.38/SF
NOI
$19.7K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$394,800
Cap Rate 7%
$282,000
Cap Rate 9%
$219,333
Alternative Uses
Best Use
Retail
$282.0K
$246.8K – $329.0K
NOI $19,740 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$114.2K
$100.0K – $133.3K
NOI $7,997 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$457.2K
$400.1K – $533.4K
NOI $32,004 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
173k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 29%
Groceries 15%
Apparel 2%
Kroger
Groceries
25,947 visits/mo
0.4 miles
McDonald's
Dining
23,006 visits/mo
0.3 miles
SONIC Drive In
Dining
20,873 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
15,647 visits/mo
0.5 miles
Cicis
Dining
9,407 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail 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 - Updated commercial facility configured for auto service, with office, kitchen, and a bathroom with shower.
Where is this auto shop located?
The property is located at 209 GOLF LINKS Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Three service bays with lifts; Overhead door for shop access; Updated interior configuration
