Storefront Retail Space for
For Sale
$675,000
320 CENTRAL Avenue, Hot Springs, AR 71901
For sale storefront retail property totaling 2,604 square feet, located at 320 Central Avenue in Hot Springs.
Property Size2,604 SF
Price / SF$259.22
Days on Market213
Property Features for 320 CENTRAL Avenue
General Information
Standard status
Active
Size
2,604 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$1,432
Amenities
3
21
Building Details
Year Built
1920
Listing Agency:
Urban Living and Development INC
(501) 463-2723
Listed By:
Amber Henson · License #PB00075323
(501) 352-7670
Source:
Xome
Added: Feb 7
Changed: Sep 1
Last Checked: Sep 7 at 5:34AM
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 Urban Living and Development INC
Investment Insights
Based on property information with market context.
This for-sale storefront retail property totals 2,604 square feet and offers a straightforward retail setup suited to neighborhood-serving commercial use.
The property is located at 320 Central Avenue in Hot Springs, Arkansas. It is presented as a retail space opportunity within a commercial corridor along Central Avenue, with the convenience of a direct storefront presence for prospective tenants and buyers.
The property is located at 320 Central Avenue in Hot Springs, Arkansas. It is presented as a retail space opportunity within a commercial corridor along Central Avenue, with the convenience of a direct storefront presence for prospective tenants and buyers.
Key Highlights
- 2,604 SF storefront retail property for sale at 320 Central Avenue in Hot Springs
- Zoned CBD Central Bus. District
- Year built: 1920
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
$20,561
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
3.05%
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%
$411,220
$411.2K
Cap Rate 7%
$293,729
$293.7K
Cap Rate 9%
$228,456
$228.5K
Market Conditions
NOI Build-Up for 2,604 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
$31.2K $12.00/SF
− Vacancy
−$1.9K −$0.72/SF
EGI
$29.4K $11.28/SF
− OpEx
−$8.8K −$3.38/SF
NOI
$20.6K $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%
$411,220
Cap Rate 7%
$293,729
Cap Rate 9%
$228,456
Alternative Uses
Best Use
Retail
$293.7K
$257.0K – $342.7K
NOI $20,561 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$476.2K
$416.7K – $555.6K
NOI $33,335 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 64%
Groceries 36%
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.4 miles
Rocket Fizz
Groceries
4,485 visits/mo
0.2 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 - For sale storefront retail property totaling 2,604 square feet, located at 320 Central Avenue in Hot Springs.
Where is this storefront property located?
The property is located at 320 CENTRAL Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,604 SF storefront retail property for sale at 320 Central Avenue in Hot Springs; Zoned CBD Central Bus. District; Year built: 1920
