Auto Shop with Storage
For Sale
$549,000
4060 N Highway 7, Hot Springs Village, AR 71909
Former golf-cart sales and repair property with utility service and included shop equipment.
Property Size4,952 SF
Price / SF$110.86
Days on Market59
Property Features for 4060 N Highway 7
General Information
Standard status
Active
Size
4,952 SF
Taxes and HOA fees
Annual Taxes
$2,296
Listing Agency:
CENTURY 21 H.S.V. Realty
(501) 922-2021
Listed By:
Lisa Cates
(731) 607-9954
Source:
Exprealty
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 13 at 2:08AM
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 CENTURY 21 H.S.V. Realty
Investment Insights
Based on property information with market context.
The property comprises 4,952 square feet and includes a separate 24-by-50-foot shop or storage building. It previously operated as a golf-cart sales and repair business, with interior and site features suited to automotive or equipment-related operations. Included items include a vehicle lift, large compressor, two semi beds, work benches, paintings, and new and used golf-cart bodies and tops; personal tools are excluded.
Located at 4060 N Highway 7 in Hot Springs Village, the property has Mountain Valley water service and natural gas provided by Summit. A small house on the site is scheduled for removal around the first week of September.
Located at 4060 N Highway 7 in Hot Springs Village, the property has Mountain Valley water service and natural gas provided by Summit. A small house on the site is scheduled for removal around the first week of September.
Key Highlights
- 4,952 SF property with an additional 24 x 50 shop/storage building
- Former golf‑cart sales and repair operation
- Included equipment includes a car lift, large compressor, and work benches
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,101
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,020
$782.0K
Cap Rate 7%
$558,586
$558.6K
Cap Rate 9%
$434,456
$434.5K
Market Conditions
NOI Build-Up for 4,952 SF
Gross rent
$59.4K $12.00/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$55.9K $11.28/SF
− OpEx
−$16.8K −$3.38/SF
NOI
$39.1K $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%
$782,020
Cap Rate 7%
$558,586
Cap Rate 9%
$434,456
Alternative Uses
Best Use
Retail
$558.6K
$488.8K – $651.7K
NOI $39,101 @ 7.0% cap · market cap 7.12%
Second Best
Flex RnD
$432.8K
$378.7K – $504.9K
NOI $30,296 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$905.6K
$792.4K – $1.06M
NOI $63,394 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Jensen's Tire & Service — 3941 N Hwy 7, Hot Springs Village, AR 71909
Frequently Asked Questions
What type of property is this?
Auto shop - Former golf-cart sales and repair property with utility service and included shop equipment.
Where is this auto shop located?
The property is located at 4060 N Highway 7 Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 4,952 SF property with an additional 24 x 50 shop/storage building; Former golf‑cart sales and repair operation; Included equipment includes a car lift, large compressor, and work benches
