Historic Office Building Near
229 Woodbine Hot Springs, AR 71901
New
For Sale
$125,000
COMMERCIAL - Hot Springs, AR
Property Size1,160 SF
Lot Size0.07 Acres
Price / SF$107.76
Days on Market4
Property Features for 229 Woodbine
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 1
- Parking features
- On Street
- 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
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Flooring type
- Carpet - Partial, Wood
- Roof type
- Metal
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Debbie Mills
(501) 622-9878
Added: Jul 24
Changed: Jul 26
Last Checked: Jul 27 at 4:06AM
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 commercial office building offers character and history with a compact footprint of 1,160 square feet. The property is positioned as a flexible option for professional businesses, including office uses such as attorney offices, insurance agencies, and accounting or tax-related operations.
The building is set very close to the courthouse in Hot Springs, supporting convenient access for clients and everyday business needs.
At approximately 0.07 acres, the property provides an established office layout suitable for businesses seeking a straightforward commercial setting near key local services.
The building is set very close to the courthouse in Hot Springs, supporting convenient access for clients and everyday business needs.
At approximately 0.07 acres, the property provides an established office layout suitable for businesses seeking a straightforward commercial setting near key local services.
Key Highlights
- Commercial building with metal roof
- Built in 1940
- Interior flooring includes wood and partial carpet
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steve Westerfield Attorney ...
Law Firm
FAQs
What type of property is this?
Office building - Charming office building near the courthouse with 1,160 square feet of flexible space for professional uses.
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: Commercial building with metal roof; Built in 1940; Interior flooring includes wood and partial carpet
