Building Details

Building Size 4,284 SF

Year Built 1905

Buildings 2

Listing Agency: Keller Williams Realty The Bergeron Group

Listed By: Nancy Bergeron Show Phone

Source: Evrealestate

Added: May 4 Changed: Oct 21 Last Checked: Oct 20 at 8:33PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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 / Yr

$33,826

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$676,520 $676.5K

Cap Rate 7%

$483,229 $483.2K

Cap Rate 9%

$375,844 $375.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,284 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $54,842 @ 7.0% cap · market cap 7.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

The Gables Inn Bed ... Hotel & Motel

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Florist Mobile Phone Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Multi-Property Storefront Offering

812-808 HIGDON FERRY Road, Hot Springs, AR 71913

$1,600,000

4,922 SF

View details

Storefront Building with Rear Storage

805 Hobson, Hot Springs, AR 71913

$349,900

5,788 SF

View details

Storefront with Large Windows

540 Ouachita Avenue, Hot Springs, AR 71901

$335,000

3,171 SF

View details

Retail Storefront Near Downtown

249 Ouachita Ave, Hot Springs, AR 71901

Contact for pricing

4,704 SF

View details

Industrial Building with Leased Store

1201-1205 Albert Pike Rd, Hot Springs, AR

Contact for pricing

4,238 SF

View details

Corner Shopping Center with Service Space

520 E GRAND Avenue, Hot Springs, AR 71901

$189,000

7,930 SF

View details

Updated Mixed-Use Commercial Property

901 Spring Street, Hot Springs, AR 71901

$274,000

1,219 SF

View details

Remodeled Shopping Center with Pylon Sign

5401 CENTRAL, Hot Springs, AR 71913

$2,200,000

17,248 SF

View details

Historic Storefront with Exposed Brick

412 Broadway Street, Hot Springs, AR 71901

$129,500

1,426 SF

View details

Vacant Shell Retail Space

155 Carpenter Dam Rd, Hot Springs, AR 71901

Contact for pricing

1,427 SF

View details

Retail Space with Signage

913 Malvern Ave, Hot Springs, AR 71901

Contact for pricing

1,380 SF

View details

Central Avenue Retail Suite

2918 Central Ave, Hot Springs, AR 71913

Contact for pricing

850 SF

View details

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