Warehouse Building with Central
235 Massey Rd, Hot Springs, AR 71913
For Sale
$898,000
Built in 2022 with electric service, central air, and natural gas.
Property Size11,010 SF
Price / SF$81.56
Days on Market96
Property Features for 235 Massey Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
CBRPM Hot Springs
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Pcsingtolittlerock
Added: Aug 9
Changed: Nov 11
Last Checked: Oct 7 at 2:35PM
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
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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 / Yr
$42,765
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
$179,200
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Hot Springs, AR
Properties on Market for Warehouses in Hot Springs
Vacancy Rate% for Industrial in South region
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
