Flex Office and Warehouse
2208 Airport Rd Hot Springs, AR 71913
2208 Airport Rd, Hot Springs, AR, 71913
$695,000
For Sale
$695,000
Property includes office space with reception and a warehouse shop with four overhead doors.
Property Size5,846 SF
Lot Size1.70 Acres
Price / SF$118.88
Days on Market187
Property Features for 2208 Airport Rd
General Information
- Standard status
- Active
- Size
- 5,846 SF
- Lot size
- 1.70 Acres
Listing agency
Lake Hamilton Realty, Inc.
(501) 282-1500
Listed by
Jerry Cochran · License #SA00089850
(501) 282-1500
Source
Exprealty
Added: Jan 16 Updated: Jul 22 at 3:22PM Checked: Jul 22 at 3:22PM
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 Lake Hamilton Realty, Inc.
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.
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
Local Financial Insights For Office B
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 | $84.2k | $14.40 |
| − Vacancy | −$9.3k | −$1.60 |
| EGI | $74.8k | $12.80 |
| − OpEx | −$18.7k | −$3.20 |
| NOI | $56.1k | $9.60 |
5,846 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$801.8K
$701.6K – $935.5K
NOI $56,129 @ 7.0% cap · market cap 8.08%
Second Best
Flex RnD
$510.9K
$447.1K – $596.1K
NOI $35,765 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.07M
$935.5K – $1.25M
NOI $74,838 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
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FAQs
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
