Warehouse Building with Central
For Sale
$898,000
235 Massey Rd, Hot Springs, AR 71913
Built in 2022 with electric service, central air, and natural gas.
Property Size11,010 SF
Price / SF$81.56
Days on Market50
Property Features for 235 Massey Rd
General Information
Standard status
Active
Size
11,010 SF
Building Details
Year Built
2022
Listing Agency:
CBRPM Hot Springs
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Pcsingtolittlerock
Added: Aug 9
Changed: Sep 24
Last Checked: Sep 26 at 10:54AM
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 CBRPM Hot Springs
Investment Insights
Based on property information with market context.
This warehouse property was constructed in 2022 and includes electric service, central air, and natural gas. The exterior features paved improvements, supporting practical access to the building.
The property is located at 235 Massey Road in Hot Springs, Arkansas, within Garland County. From Central Avenue, travel south to Hwy 290, then turn east and continue approximately 0.75 mile; the property is on the right.
The property is located at 235 Massey Road in Hot Springs, Arkansas, within Garland County. From Central Avenue, travel south to Hwy 290, then turn east and continue approximately 0.75 mile; the property is on the right.
Key Highlights
- Warehouse property constructed in 2022
- Electric service and central air
- Central natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,300
$855.3K
Cap Rate 7%
$610,929
$610.9K
Cap Rate 9%
$475,167
$475.2K
Market Conditions
NOI Build-Up for 11,010 SF
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.
Gross rent
$52.8K $4.80/SF
− Vacancy
−$2.5K −$0.23/SF
EGI
$50.3K $4.57/SF
− OpEx
−$7.5K −$0.69/SF
NOI
$42.8K $3.88/SF
Area
Garland County, AR
Vacancy
4.80%
Lease Rate
$4.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,300
Cap Rate 7%
$610,929
Cap Rate 9%
$475,167
Alternative Uses
Best Use
Warehouse
$610.9K
$534.6K – $712.8K
NOI $42,765 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,946 @ 7.0% cap · market cap 15.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Lock & Stor — 6122 Central Ave, Hot Springs, AR 71913
- USA Self Storage — 5820 Central Ave, Hot Springs, AR 71913
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2022 with electric service, central air, and natural gas.
Where is this warehouse located?
The property is located at 235 Massey Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $898,000.
What are key features of this property?
This property features: Warehouse property constructed in 2022; Electric service and central air; Central natural gas service
