Metal Flex Building with Paved
220 Minorca Rd Hot Springs Village, AR 71909
220 Minorca Rd, Hot Springs Village, AR, 71909
$225,000
For Sale
$225,000
Metal commercial building with HVAC and electrical systems plus paved parking on a half-acre lot.
Property Size2,900 SF
Lot Size0.50 Acres
Price / SF$77.59
Days on Market15
Property Features for 220 Minorca Rd
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Lot size
- 0.50 Acres
Listing Agency
RE/MAX of Hot Springs Village
(501) 922-8177
Listed by
Jane Hollansworth · License #sa00040771
(501) 922-8177
Source
Exprealty
Added: Jul 6 Updated: Jul 20 at 3:37 am Checked: Jul 20 at 3:37 am
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 RE/MAX of Hot Springs Village
Investment Insights
Based on property information with market context.
For sale is a 2,900 sq. ft. commercial metal building offered with complete HVAC and electrical systems. The property sits on a 0.5-acre lot and includes paved parking, providing a straightforward setup for a variety of commercial uses.
Located at 220 Minorca Rd in Hot Springs Village, the building is being presented as a flexible space for an owner-operator or developer looking to customize the interior for their concept. The current offering is positioned as a “blank canvas,” with development cost estimates noted in the remarks.
The building’s core improvements are already in place, including HVAC and electrical, along with site parking, helping reduce initial infrastructure work for the next use.
Located at 220 Minorca Rd in Hot Springs Village, the building is being presented as a flexible space for an owner-operator or developer looking to customize the interior for their concept. The current offering is positioned as a “blank canvas,” with development cost estimates noted in the remarks.
The building’s core improvements are already in place, including HVAC and electrical, along with site parking, helping reduce initial infrastructure work for the next use.
Key Highlights
- 2,900 SF commercial metal building with complete HVAC and electrical systems
- Situated on a 0.5‑acre lot with paved parking
- Property is described as a versatile commercial space with multiple use possibilities
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $9.96 |
| − Vacancy | −$1.6k | −$0.55 |
| EGI | $27.3k | $9.41 |
| − OpEx | −$9.6k | −$3.29 |
| NOI | $17.7k | $6.12 |
2,900 SF · lease $9.96/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Specialty Retail
$438.1K
$383.4K – $511.1K
NOI $30,668 @ 7.0% cap · market cap 13.63%
Second Best
Flex RnD
$253.5K
$221.8K – $295.7K
NOI $17,742 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$530.4K
$464.1K – $618.8K
NOI $37,125 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Metal commercial building with HVAC and electrical systems plus paved parking on a half-acre lot.
Where is this flex space located?
The property is located at 220 Minorca Rd Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 2,900 SF commercial metal building with complete HVAC and electrical systems; Situated on a 0.5‑acre lot with paved parking; Property is described as a versatile commercial space with multiple use possibilities
