Building Details

Buildings 1

Listing Agency: Rix Realty Advantage Team Realtors Show Phone

Listed By: Stephen Inman-Crawley · License #SA00076751 Show Phone

Source: Heilesassociatesrealtors

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 20 at 8:11PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Configured for automotive service, the building contains three bays fitted with lifts and an overhead door. An updated interior also includes office space, a kitchen area, and a bathroom with a shower.

Located at 209 Golf Links Rd in Hot Springs, the property is within walking distance of Oaklawn Gaming and Casino.

Key Highlights

• Three service bays equipped with lifts
• Overhead door for vehicle access
• Office, kitchen area, and bathroom with shower

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,740

Cap Rate

4.94%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$394,800 $394.8K

Cap Rate 7%

$282,000 $282.0K

Cap Rate 9%

$219,333 $219.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,500 SF

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 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 (±1% cap)

NOI $19,740 @ 7.0% cap · market cap 4.94%

Second Best

Industrial

$114.2K

$100.0K – $133.3K (±1% cap)

NOI $7,997 @ 7.0% cap · market cap 2.00%

Theoretical Best

Office A

$457.2K

$400.1K – $533.4K (±1% cap)

NOI $32,004 @ 7.0% cap · market cap 8.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Carpet Guy General Contractor Ultimate Luxury Auto ... Auto Repair Shop

Suggested Use

Top Pick Big Box & Wholesale Store Law Firm HVAC Service (Bike/Boat/Book/etc) Store Furniture & Home Goods Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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 - Service equipment, an overhead door, and staff amenities support automotive operations.

Where is this auto shop located?

The property is located at 209 Golf Links Rd 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 equipped with lifts; Overhead door for vehicle access; Office, kitchen area, and bathroom with shower