Office Building with Metal
For Sale
$125,000
229 Woodbine, Hot Springs, AR 71901
COMMERCIAL - Hot Springs, AR
Property Size1,160 SF
Lot Size0.07 Acres
Price / SF$107.76
Days on Market13
Property Features for 229 Woodbine
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
1
Parking features
On Street
Lot features
Level, In Subdivision
Directions
Grand Avenue to Woodbine
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
Size
1,160 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt. Lot 5, Block 95,HSR Blk.95
Tax Annual Amount
705
Legal Description
Pt. Lot 5, Block 95,HSR Blk.95
Building Details
Year built
1940
Floors in Building
1
Flooring type
Wood, Carpet - Partial
Roof type
Metal
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Debbie Mills
(501) 622-9878
Added: Jul 24
Changed: Aug 4
Last Checked: Aug 5 at 9:06PM
MLS# 26030330
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a compact footprint with 1,160 square feet of space on a 0.07-acre lot. Built in 1940, the property includes a mix of carpet (partial) and wood flooring and is topped with a metal roof.
The building is positioned very close to the courthouse, supporting convenient client access. Parking is available on street, which can be practical for professional offices serving walk-in and appointment-based traffic.
With its established building character and central courthouse-area proximity, the property’s layout and finishes may appeal to professional users who prioritize location and straightforward, service-oriented operations.
The building is positioned very close to the courthouse, supporting convenient client access. Parking is available on street, which can be practical for professional offices serving walk-in and appointment-based traffic.
With its established building character and central courthouse-area proximity, the property’s layout and finishes may appeal to professional users who prioritize location and straightforward, service-oriented operations.
Key Highlights
- 0.07‑acre lot
- 1,160 square feet
- Built in 1940
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 | $16.7k | $14.40 |
| − Vacancy | −$1.9k | −$1.60 |
| EGI | $14.8k | $12.80 |
| − OpEx | −$3.7k | −$3.20 |
| NOI | $11.1k | $9.60 |
1,160 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$159.1K
$139.2K – $185.6K
NOI $11,137 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$212.1K
$185.6K – $247.5K
NOI $14,850 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,682
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Small office building near the courthouse featuring metal roofing and mixed carpet and wood flooring with on-street parking.
Where is this office building located?
The property is located at 229 Woodbine Hot Springs, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 0.07‑acre lot; 1,160 square feet; Built in 1940
