Office Building with Private
For Sale
$325,000
214 Hobson Avenue, Hot Springs, AR 71913
A flexible interior layout includes a welcoming foyer, kitchenette, two bathrooms, and a rear deck.
Property Size2,426 SF
Price / SF$133.97
Days on Market65
Property Features for 214 Hobson Avenue
General Information
Standard status
Active
Size
2,426 SF
Property subtype
Building and Land
Additional Details
Property Use
Office
Building Details
Year Built
1930
Tenancy
Single
Listing Agency:
The Goff Group Real Estate Company
(501) 525-0908
Listed By:
Macy Muncrief
(501) 538-5331
Source:
Blairrealtors
Added: Sep 2
Changed: Nov 4
Last Checked: Nov 4 at 6:09AM
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 The Goff Group Real Estate Company
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 2,426-square-foot office building, constructed in 1930, is currently used as an attorney’s office. Inside, a large foyer with hardwood floors connects to multiple private offices, a kitchenette, one half bath, and one full bathroom. A deck extends from the rear of the property, and a large parking lot serves the building.
The property is at 214 Hobson Avenue in Hot Springs, near Oaklawn Racing Casino Resort and a short drive from downtown. Its existing office configuration includes private work areas alongside shared interior space.
The property is at 214 Hobson Avenue in Hot Springs, near Oaklawn Racing Casino Resort and a short drive from downtown. Its existing office configuration includes private work areas alongside shared interior space.
Key Highlights
- 2,426‑square‑foot office building built in 1930
- Multiple private offices, a spacious foyer, and hardwood floors
- One full bathroom, one half bath, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,293
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,860
$465.9K
Cap Rate 7%
$332,757
$332.8K
Cap Rate 9%
$258,811
$258.8K
Market Conditions
NOI Build-Up for 2,426 SF
Gross rent
$34.9K $14.40/SF
− Vacancy
−$3.9K −$1.60/SF
EGI
$31.1K $12.80/SF
− OpEx
−$7.8K −$3.20/SF
NOI
$23.3K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,860
Cap Rate 7%
$332,757
Cap Rate 9%
$258,811
Alternative Uses
Best Use
Office B
$332.8K
$291.2K – $388.2K
NOI $23,293 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$443.7K
$388.2K – $517.6K
NOI $31,057 @ 7.0% cap · market cap 9.56%
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
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A flexible interior layout includes a welcoming foyer, kitchenette, two bathrooms, and a rear deck.
Where is this office building located?
The property is located at 214 Hobson Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,426‑square‑foot office building built in 1930; Multiple private offices, a spacious foyer, and hardwood floors; One full bathroom, one half bath, and a kitchenette
