Professional Office
For Sale
$125,000
229 Woodbine St, Hot Springs, AR 71901
Located very close to the courthouse, this commercial property offers flexibility for professional office use.
Property Size1,160 SF
Price / SF$107.76
Days on Market12
Property Features for 229 Woodbine St
General Information
Standard status
Active
Size
1,160 SF
Listing Agency:
Trademark Real Estate, Inc.
(501) 622-9878
Listed By:
Debbie Mills
(501) 622-9878
Source:
Exprealty
Added: Jul 25
Changed: Jul 31
Last Checked: Jul 31 at 5:23PM
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 Trademark Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1,160-square-foot commercial building is classified as an office building and is positioned for professional office use. The property information identifies potential applications including attorney offices, insurance agencies, and accounting or tax offices, along with other office uses.
Located at 229 Woodbine St in Hot Springs, Arkansas, the building is set very close to the courthouse, providing convenient access for clients and business operations. Its central courthouse proximity and flexible office-use profile support consideration for professionals establishing or relocating an office.
Located at 229 Woodbine St in Hot Springs, Arkansas, the building is set very close to the courthouse, providing convenient access for clients and business operations. Its central courthouse proximity and flexible office-use profile support consideration for professionals establishing or relocating an office.
Key Highlights
- 1,160‑square‑foot office building
- Very close to the courthouse
- Potential fit for attorney, insurance, accounting, and tax offices
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
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 - Located very close to the courthouse, this commercial property offers flexibility for professional office use.
Where is this office building located?
The property is located at 229 Woodbine St 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: 1,160‑square‑foot office building; Very close to the courthouse; Potential fit for attorney, insurance, accounting, and tax offices
