Retail Storefront
For Sale
$129,500
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$90.81
Days on Market142
Property Features for 412 Broadway Street
General Information
Standard status
Active
Size
1,426 SF
Total Parking Spaces
1
Zoning
General Commercial
Taxes and HOA fees
Annual Taxes
$390
Amenities
Window Unit(s)
None, Space Heater
Partial
On Street
Traditional
Building Details
Building Size
1,426 SF
Year Built
1930
Buildings
1
Listing Agency:
Meyers Realty Company
Listed By:
Rodney A Bottoms · License #AB00007461
(501) 318-8329
Source:
Evrealestate
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 28 at 7:41AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$11,260
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,200
$225.2K
Cap Rate 7%
$160,857
$160.9K
Cap Rate 9%
$125,111
$125.1K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$17.1K $12.00/SF
− Vacancy
−$1.0K −$0.72/SF
EGI
$16.1K $11.28/SF
− OpEx
−$4.8K −$3.38/SF
NOI
$11.3K $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%
$225,200
Cap Rate 7%
$160,857
Cap Rate 9%
$125,111
Alternative Uses
Best Use
Retail
$160.9K
$140.8K – $187.7K
NOI $11,260 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.8K
$228.2K – $304.3K
NOI $18,255 @ 7.0% cap · market cap 14.10%
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
Location Intelligence
Trade Area within ½ mile
1,710
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 25%
Hotels & Casinos 10%
Apparel 6%
McDonald's
Dining
18,055 visits/mo
0.3 miles
Burger King
Dining
9,887 visits/mo
0.2 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.3 miles
Valero Energy
Shops & Services
5,905 visits/mo
0.3 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
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 $129,500.
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
