Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3301 Central Ave Hot Springs, AR 71913

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New construction retail space with long-term corporate lease.

    Property size:
    2,800 SF

    Property Features for 3301 Central Ave

    General Information

    Standard status
    Active
    Size
    2,800 SF

    Building Details

    Year built
    2025

    We can help!

    Listing Contact
    Ben Sullivan
    Ben Sullivan
    Source: Crexi

    Listing Agency: Market Street Retail Advisors Listing Agent: Ben Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Near Oaklawn Casino

    This retail space is a new construction property with a 15-year lease, corporately backed with 2% annual increases. It is located in Hot Springs, AR, between a McDonald's and a new Amazon distribution center, and near Oaklawn racing and gaming casino. The property is 2,800 square feet. Hot Springs attracts over 1.5 million annual visitors, contributing $600 million to the local economy.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.059278
    Latitude
    34.474881

    Nearby Similar for Sale

    • New
      $579,000
      5,280 SF

      Versatile Commercial Building in Hot Springs

      5280 SF heated/cooled building suitable for various business operations.
      450 Broadway St, Hot Springs, AR 71913
      View Details
    • $900,000
      3,974 SF

      Updated Buildings in High-Traffic Location

      Two move-in-ready commercial buildings with high visibility.
      207 Golf Links Rd, Hot Springs, AR 71901
      View Details
    • $960,000
      9,252 SF

      Updated Venue in Downtown Hot Springs

      Updated venue in historic district, suitable for various uses.
      1008 Central Ave, Hot Springs, AR 71901
      View Details
    • $575,000
      2,500 SF

      Hot Springs Commercial Auto Building

      Move-in ready commercial building suitable for auto service operations.
      209 Golf Links Rd, Hot Springs, AR 71901
      View Details
    • $499,000
      5,100 SF

      Versatile Warehouse on Usable Land

      5,100 sq ft warehouse on 1.43 acres in Hot Springs.
      1966 Airport Rd, Hot Springs, AR 71913
      View Details
    • $349,900
      5,788 SF

      Hot Springs Building and Land

      Investment or user opportunity in Hot Springs, Arkansas.
      805 Hobson Ave, Hot Springs, AR 71913
      View Details
    • $724,900
      2,070 SF

      Historic Downtown Commercial Building

      Iconic 1920 building in Historic Downtown Hot Springs.
      802 Central Ave, Hot Springs, AR 71901
      View Details
    • $375,000
      1,474 SF

      Commercial Building in Hot Springs, AR

      Move-in ready commercial building in a high-traffic location.
      207 Golf Links Rd, Hot Springs, AR 71901
      View Details
    • $279,000
      3,180 SF

      Hot Springs Retail Opportunity

      Retail building and land in a treasured Hot Springs community.
      1003 Park Ave, Hot Springs, AR 71901
      View Details
    • $695,000
      5,846 SF

      Hot Springs Commercial Building and Land

      1.7 acres with office and warehouse space on Airport Road.
      2208 Airport Rd, Hot Springs, AR 71913
      View Details
    • $2,000,000
      69,290 SF

      Industrial Warehouse with Office Space

      69,290 SF industrial warehouse with office and showroom space.
      1898 E Grand Ave, Hot Springs, AR 71901
      View Details
    • $695,000
      5,900 SF

      Hot Springs Shop and Office

      1.70 acre property with shop and office space.
      2208 Airport Rd, Hot Springs, AR 71913
      View Details

    FAQs

    What type of property is this?
    Retail space - New construction retail space with long-term corporate lease.
    Where is this retail space located?
    The property is located at 3301 Central Ave Hot Springs, AR.
    What are key features of this property?
    This property features: - Brand new construction completed in 2025; - 15-year lease in place; - Corporately backed lease with 2% annual increases
    (615) 309-6100
    Request Owner's contact information
    3301 Central Ave Hot Springs, AR 71913
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3301 Central Ave
    Hot Springs, AR 71913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3301 Central Ave Hot Springs, AR 71913
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ben Sullivan
    Ben Sullivan
    Real Estate License ID: 289789
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!