Retail Storefront
For Sale
$139,500
412 Broadway Street, Hot Springs, AR 71901
Retail storefront property for sale located on Broadway Street in Hot Springs, Arkansas.
Property Size1,426 SF
Price / SF$97.83
Days on Market51
Property Features for 412 Broadway Street
General Information
Standard status
Active
Size
1,426 SF
Building Details
Year Built
1930
Listing Agency:
Meyers Realty Company
(501) 318-8329
Listed By:
Rodney A Bottoms · License #AB00007461
(501) 318-8329
Source:
Evrealestate
Added: Jun 10
Changed: Jul 25
Last Checked: Jul 30 at 5:06AM
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 Meyers Realty Company
Investment Insights
Based on property information with market context.
This retail storefront property is available for sale at 412 Broadway Street in Hot Springs, Arkansas. The asset is sized at 1,426 square feet.
Directions: From W. Grand Avenue railroad tracks, go one block west, then turn right on Broadway St. The property is located at 412 Broadway on the left.
The offering is categorized as a storefront retail property, suited for commercial uses consistent with a traditional street-facing retail configuration.
Directions: From W. Grand Avenue railroad tracks, go one block west, then turn right on Broadway St. The property is located at 412 Broadway on the left.
The offering is categorized as a storefront retail property, suited for commercial uses consistent with a traditional street-facing retail configuration.
Key Highlights
- Retail storefront property on Broadway St in Hot Springs, Arkansas
- Built in 1930 with traditional architectural style
- Window unit cooling and heating via none; space heater
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.1k | $12.00 |
| − Vacancy | −$1.0k | −$0.72 |
| EGI | $16.1k | $11.28 |
| − OpEx | −$4.8k | −$3.38 |
| NOI | $11.3k | $7.90 |
1,426 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$160.9K
$140.8K – $187.7K
NOI $11,260 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.8K
$228.2K – $304.3K
NOI $18,255 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
45k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 22%
Hotels & Casinos 17%
Groceries 10%
Burger King
Dining
9,887 visits/mo
0.4 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.4 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,119 visits/mo
0.4 miles
Exxon
Shops & Services
5,087 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property for sale located on Broadway Street in Hot Springs, Arkansas.
Where is this storefront property located?
The property is located at 412 Broadway Street Hot Springs, AR.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: Retail storefront property on Broadway St in Hot Springs, Arkansas; Built in 1930 with traditional architectural style; Window unit cooling and heating via none; space heater
