Metal Flex Building with Paved
For Sale
$225,000
220 Minorca Road, Hot Springs Village, AR 71909
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 Market50
Property Features for 220 Minorca Road
General Information
Standard status
Active
Size
2,900 SF
Total Parking Spaces
34
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Building Size
2,900 SF
Year Built
1980
Stories
1
Listing Agency:
Re/Max Of Hot Springs Village
(501) 922-8177
Listed By:
Jane Hollansworth · License #sa00040771
(501) 922-8177
Source:
Jcthornton
Added: Jul 6
Changed: Aug 24
Last Checked: Aug 23 at 3:13AM
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
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
$17,742
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
7.89%
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%
$354,840
$354.8K
Cap Rate 7%
$253,457
$253.5K
Cap Rate 9%
$197,133
$197.1K
Market Conditions
NOI Build-Up for 2,900 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
$28.9K $9.96/SF
− Vacancy
−$1.6K −$0.55/SF
EGI
$27.3K $9.41/SF
− OpEx
−$9.6K −$3.29/SF
NOI
$17.7K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$354,840
Cap Rate 7%
$253,457
Cap Rate 9%
$197,133
Alternative Uses
Best Use
Flex RnD
$253.5K
$221.8K – $295.7K
NOI $17,742 @ 7.0% cap · market cap 7.89%
Second Best
Industrial
$132.5K
$116.0K – $154.6K
NOI $9,276 @ 7.0% cap · market cap 4.12%
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 Road 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
