Downtown Hot Springs Retail
For Sale
$774,900
318 Quapaw Avenue, Hot Springs, AR 71901
Retail property for sale in downtown Hot Springs.
Property Size4,284 SF
Price / SF$180.88
Days on Market122
Property Features for 318 Quapaw Avenue
General Information
Standard status
Active
Size
4,284 SF
Total Parking Spaces
4
Zoning
Neighborhood Commercial,O
Taxes and HOA fees
Annual Taxes
$627
Amenities
Electric, Central Air
Central, Natural Gas, Zoned
Crawl Space
Partial
Paved
Storage
Victorian
Building Details
Building Size
4,284 SF
Year Built
1905
Buildings
2
Listing Agency:
Keller Williams Realty The Bergeron Group
Listed By:
Nancy Bergeron
(817) 879-2853
Source:
Evrealestate
Added: May 4
Changed: Aug 8
Last Checked: Sep 2 at 2:12PM
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 Keller Williams Realty The Bergeron Group
Investment Insights
Based on property information with market context.
Located at the corner of Quapaw Avenue and Bolton Street in downtown Hot Springs, this commercial property offers 4,284 square feet of space. The property is situated off Central Avenue; from Central Avenue, turn right onto Prospect, then left onto Quapaw Avenue. The building is on the right.
Key Highlights
- Victorian architectural style
- Central heating and cooling (electric and natural gas) for year‑round comfort
- Zoned heating system
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
$33,826
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
4.37%
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%
$676,520
$676.5K
Cap Rate 7%
$483,229
$483.2K
Cap Rate 9%
$375,844
$375.8K
Market Conditions
NOI Build-Up for 4,284 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
$51.4K $12.00/SF
− Vacancy
−$3.1K −$0.72/SF
EGI
$48.3K $11.28/SF
− OpEx
−$14.5K −$3.38/SF
NOI
$33.8K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
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%
$676,520
Cap Rate 7%
$483,229
Cap Rate 9%
$375,844
Alternative Uses
Best Use
Retail
$483.2K
$422.8K – $563.8K
NOI $33,826 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$783.5K
$685.5K – $914.0K
NOI $54,842 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,601
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 32%
Groceries 14%
Beauty & Spa 6%
Burger King
Dining
9,887 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.4 miles
Exxon
Shops & Services
5,087 visits/mo
0.4 miles
Rocket Fizz
Groceries
4,485 visits/mo
0.2 miles
U.S. Bank
Shops & Services
3,980 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Storefront property - Retail property for sale in downtown Hot Springs.
Where is this storefront property located?
The property is located at 318 Quapaw Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Victorian architectural style; Central heating and cooling (electric and natural gas) for year‑round comfort; Zoned heating system
