Flex Space with
New
For Sale
$549,000
4060 N Hwy 7, Hot Springs Village, AR 71909
COMMERCIAL - Hot Springs Village, AR
Property Size4,952 SF
Lot Size1.96 Acres
Price / SF$110.86
Days on Market2
Property Features for 4060 N Hwy 7
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Directions
On highway 7 N from Walmart towards Hot Spring Village
Subdivision
JESSIEVILLE S.D. (Outside HSV)
Standard status
Active
Size
4,952 SF
Lot size
1.96 Acres
Taxes and HOA fees
Tax Description
Pt Ne Se, 17-01s-19W
Tax Annual Amount
2296
Legal Description
Pt Ne Se, 17-01s-19W
Building Details
Year built
1987
Floors in Building
1
Listing Agency:
CENTURY 21 H.S.V. Realty · Century 21 Real Estate
(501) 922-2021
Listed By:
Lisa Cates
(731) 607-9954
Added: Aug 17
Last Checked: Aug 18 at 3:06PM
MLS# 26033529
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 flex-space property includes a 4,952-square-foot commercial building constructed in 1987, plus a separate 24-by-50-foot shop and storage structure. The improvements previously accommodated a golf sales and repair operation, providing a documented commercial configuration with adaptable utility. A small house on the property is scheduled for removal around the first week of September.
The site encompasses 1.96 acres along N Hwy 7 in Hot Springs Village, Arkansas. Mountain Valley water and Summit natural gas service are identified for the property. The address is 4060 N Hwy 7, Hot Springs Village, AR 71909.
The site encompasses 1.96 acres along N Hwy 7 in Hot Springs Village, Arkansas. Mountain Valley water and Summit natural gas service are identified for the property. The address is 4060 N Hwy 7, Hot Springs Village, AR 71909.
Key Highlights
- 4,952‑square‑foot flex‑space property built in 1987
- Additional 24‑by‑50‑foot shop and storage structure
- 1.96‑acre site along N Hwy 7
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
$30,296
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
5.52%
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%
$605,920
$605.9K
Cap Rate 7%
$432,800
$432.8K
Cap Rate 9%
$336,622
$336.6K
Market Conditions
NOI Build-Up for 4,952 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
$49.3K $9.96/SF
− Vacancy
−$2.7K −$0.55/SF
EGI
$46.6K $9.41/SF
− OpEx
−$16.3K −$3.29/SF
NOI
$30.3K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$605,920
Cap Rate 7%
$432,800
Cap Rate 9%
$336,622
Alternative Uses
Best Use
Flex RnD
$432.8K
$378.7K – $504.9K
NOI $30,296 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$226.3K
$198.0K – $264.0K
NOI $15,840 @ 7.0% cap · market cap 2.89%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with an additional shop, storage area, and Mountain Valley water and Summit natural gas service.
Where is this flex space located?
The property is located at 4060 N Hwy 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‑square‑foot flex‑space property built in 1987; Additional 24‑by‑50‑foot shop and storage structure; 1.96‑acre site along N Hwy 7
