Auto Shop with Car
For Sale
$445,000
3657 Malvern Road, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Property Size1,200 SF
Lot Size0.38 Acres
Price / SF$370.83
Days on Market218
Property Features for 3657 Malvern Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Directions
Central Ave to MLK Bypass then right on Malvern, property on the left.
Subdivision
LAKESIDE SCHOOL DISTRICT
Standard status
Active
Size
1,200 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Description
SUBD:STANAGE SEC/TWN/RNG/MER:S
Tax Annual Amount
1401
Legal Description
SUBD:STANAGE SEC/TWN/RNG/MER:S
Amenities
Office space
Shop building
Oil change bays
Auto repair area
Car wash structure
Fenced-in area
Building Details
Year built
1993
Floors in Building
1
Listing Agency:
Crossroads Realty Group
(501) 232-1223
Listed By:
Danielle Blair · License #PB00081398
(501) 655-4699
Added: Mar 1
Changed: Oct 5
Last Checked: Oct 5 at 10:06AM
MLS# 26007872
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property in Hot Springs includes a 1,200-square-foot shop with oil-change bays, a designated repair area, and office space. A separate car wash structure and fenced area behind the building add to the existing site configuration. The property is currently operating as a car lot and was built in 1993.
The 0.38-acre parcel has 107 feet of road frontage. Its existing improvements support automotive operations, including vehicle sales, service, repair, and washing.
The 0.38-acre parcel has 107 feet of road frontage. Its existing improvements support automotive operations, including vehicle sales, service, repair, and washing.
Key Highlights
- 1,200‑square‑foot shop with oil‑change bays and a dedicated repair area
- Separate car wash structure on site
- Fenced area behind the building
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
$12,690
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
2.85%
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%
$253,800
$253.8K
Cap Rate 7%
$181,286
$181.3K
Cap Rate 9%
$141,000
$141.0K
Market Conditions
NOI Build-Up for 1,200 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
$18.0K $15.00/SF
− Vacancy
−$1.1K −$0.90/SF
EGI
$16.9K $14.10/SF
− OpEx
−$4.2K −$3.53/SF
NOI
$12.7K $10.58/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$253,800
Cap Rate 7%
$181,286
Cap Rate 9%
$141,000
Alternative Uses
Best Use
Specialty Retail
$181.3K
$158.6K – $211.5K
NOI $12,690 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$135.4K
$118.4K – $157.9K
NOI $9,475 @ 7.0% cap · market cap 2.13%
Theoretical Best
Office A
$219.5K
$192.0K – $256.0K
NOI $15,362 @ 7.0% cap · market cap 3.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
SONIC Drive In
Dining
13,289 visits/mo
0.1 miles
Phillips 66
Shops & Services
3,319 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Austin's Lakeside Auto Repair & Body Fender Repair — 271 Indian Springs Rd, Hot Springs National Park, AR 71901
- Skidz Jeep & 4X4 — 3593 Malvern Rd, Hot Springs, AR 71901
- Wheel Works of Arkansas, LLC — Hot Springs Hwy, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive improvements include service bays, a repair area, office space, and a separate car wash structure.
Where is this auto shop located?
The property is located at 3657 Malvern Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 1,200‑square‑foot shop with oil‑change bays and a dedicated repair area; Separate car wash structure on site; Fenced area behind the building
