Auto Shop with 3
For Sale
$124,900
410 Seventh Street, Hot Springs, AR 71913
Vacant commercial property with a new roof and vehicle-access bays.
Property Size1,440 SF
Price / SF$86.74
Days on Market49
Property Features for 410 Seventh Street
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Land
Additional Details
Service Bays
3
Building Details
Year Built
1970
Listing Agency:
Michele Phillips & Co. Realtors
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 4 at 12:45PM
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 Michele Phillips & Co. Realtors
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Investment Insights
Based on property information with market context.
This 1,440-square-foot auto shop was built in 1970 and is currently vacant. The building includes three open bays designed for vehicle and equipment access, along with a new roof. Its prior use as a mechanic and automotive garage provides a clear connection to service-oriented operations, equipment storage, and vehicle work.
The property is located at 410 Seventh Street in Hot Springs, Arkansas. The existing bay configuration offers direct interior access for vehicles and equipment, while the vacant status allows the next owner to establish a new operation or adapt the building for another supported commercial use.
The property is located at 410 Seventh Street in Hot Springs, Arkansas. The existing bay configuration offers direct interior access for vehicles and equipment, while the vacant status allows the next owner to establish a new operation or adapt the building for another supported commercial use.
Key Highlights
- 1,440‑square‑foot auto shop
- Three open bays for vehicle and equipment access
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,370
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,400
$227.4K
Cap Rate 7%
$162,429
$162.4K
Cap Rate 9%
$126,333
$126.3K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$17.3K $12.00/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$16.2K $11.28/SF
− OpEx
−$4.9K −$3.38/SF
NOI
$11.4K $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%
$227,400
Cap Rate 7%
$162,429
Cap Rate 9%
$126,333
Alternative Uses
Best Use
Retail
$162.4K
$142.1K – $189.5K
NOI $11,370 @ 7.0% cap · market cap 9.10%
Second Best
Industrial
$65.8K
$57.6K – $76.8K
NOI $4,606 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$263.3K
$230.4K – $307.2K
NOI $18,434 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,133 visits/mo
0.4 miles
AutoZone
Shops & Services
4,069 visits/mo
0.3 miles
H&R Block
Shops & Services
1,015 visits/mo
0.5 miles
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
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
Similar Off Market Nearby
- Cherry's mobile mechanics service — 300 Meadowbrook St, Hot Springs, AR 71913
- My Project — 206 Sonnet St, Hot Springs, AR 71913
- Western Auto — 1307 Albert Pike Rd, Hot Springs, AR 71913
- Suntek Window Tint — 1101 Albert Pike Rd, Hot Springs, AR 71913
- Spa City Tires — 901 Albert Pike Rd, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant commercial property with a new roof and vehicle-access bays.
Where is this auto shop located?
The property is located at 410 Seventh Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1,440‑square‑foot auto shop; Three open bays for vehicle and equipment access; New roof
