Listing Agency: Lake Hamilton Realty, Inc. h***@gmail.com Show Phone

Listed By: Jerry Cochran · License #SA00089850 Show Phone

Source: Exprealty

Added: Jan 16 Changed: Oct 8 Last Checked: Oct 21 at 12:56AM

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

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Investment Insights

Based on property information with market context.

The property offers a combination office and warehouse layout on 1.7 acres. It includes 1,656 square feet with four offices and a reception area. The warehouse shop totals 4,200 square feet and is served by four overhead doors, along with a bathroom.

The site has 255 feet of frontage on Airport Rd, with stated traffic of over 22,000 vehicles per day.

Overall, the configuration supports both back-of-house warehouse operations and front-office use within the same building footprint.

Key Highlights

• 1.7‑acre property with 1,656 SF office space including 4 offices and a reception area
• 4,200 SF warehouse shop with 4 overhead doors and a bathroom
• 255’ frontage on Airport Rd with traffic count reported over 22,000 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,765

Cap Rate

5.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,300 $715.3K

Cap Rate 7%

$510,929 $510.9K

Cap Rate 9%

$397,389 $397.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,846 SF

Gross rent

$58.2K $9.96/SF

− Vacancy

−$3.2K −$0.55/SF

EGI

$55.0K $9.41/SF

− OpEx

−$19.3K −$3.29/SF

NOI

$35.8K $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 Rate 5%

$715,300

Cap Rate 7%

$510,929

Cap Rate 9%

$397,389

Alternative Uses

Best Use

Flex RnD

$510.9K

$447.1K – $596.1K (±1% cap)

NOI $35,765 @ 7.0% cap · market cap 5.15%

Second Best

Warehouse

$324.4K

$283.8K – $378.5K (±1% cap)

NOI $22,707 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$1.07M

$935.5K – $1.25M (±1% cap)

NOI $74,838 @ 7.0% cap · market cap 10.77%

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

Edwards Sign Co (Bike/Boat/Book/etc) Store Great Massage & Thai ... Alternative Medicine Practice Spa City Barefoot ... Alternative Medicine Practice Sacred Hands Massage ... Alternative Medicine Practice A Great Massage & Thai ... Alternative Medicine Practice

Suggested Use

Top Pick Real Estate Agency Building Supply HVAC Service Hair Salon Big Box & Wholesale Store Pharmacy

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

22,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Balanced

Demand for This Use

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Property includes office space with reception and a warehouse shop with four overhead doors.

Where is this flex space located?

The property is located at 2208 Airport Rd Hot Springs, AR.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: 1.7‑acre property with 1,656 SF office space including 4 offices and a reception area; 4,200 SF warehouse shop with 4 overhead doors and a bathroom; 255’ frontage on Airport Rd with traffic count reported over 22,000 vehicles per day