Historic Storefront with Exposed
For Sale
$139,500
412 Broadway Street, Hot Springs, AR 71901
Commercial / Industrial, Traditional, Hot Springs, AR
Property Size1,426 SF
Lot Size0.12 Acres
Price / SF$97.83
Days on Market91
Property Features for 412 Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
1
Parking features
On Street
Interior features
Public Restrooms, Kitchen Area
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Hot Springs Reservation
Lot features
Sloped, Level, Wooded, Cleared, In Subdivision, Flood Insurance Required, City Lot, Interior Lot, Neighbor Business, Sidewalks, Streetlights
Directions
From W. Grand Avenue Railroad tracks, go one block west. Then turn right on Broadway St. to 412 Broadway on left.
Standard status
Active
APN
400-32150-005-000C
Size
1,426 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt. Lot 2, Block 49
Tax Annual Amount
390
Legal Description
Pt. Lot 2, Block 49
Building Details
Year built
1930
Floors in Building
1
Flooring type
Concrete, Tile
Architectural style
Other
Listing Agency:
Meyers Realty Company
(501) 624-5622
Listed By:
Rodney Bottoms · License #AB00007461
(501) 624-2056
Added: Jun 10
Changed: Sep 4
Last Checked: Sep 8 at 9:06AM
MLS# 26023893
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.
Built in 1930, this 1,426-square-foot storefront occupies a 0.12-acre parcel on Broadway Street. The building retains exposed interior brick and includes a kitchen area, public restrooms, concrete and tile flooring, partial fencing, and on-street parking. C-G commercial zoning allows for many possible uses, while a portion of the property lies within a flood plain.
The property is near West Grand Avenue, the Historic Transportation Depot, Hot Springs Creek Greenway, and the Farmers Market. Downtown Hot Springs historic areas are also nearby. The surrounding area includes older warehouse-era properties, with some nearby buildings being renovated for current uses.
The property is near West Grand Avenue, the Historic Transportation Depot, Hot Springs Creek Greenway, and the Farmers Market. Downtown Hot Springs historic areas are also nearby. The surrounding area includes older warehouse-era properties, with some nearby buildings being renovated for current uses.
Key Highlights
- 1,426‑square‑foot commercial storefront on a 0.12‑acre parcel
- Built in 1930 with exposed interior brick walls
- C‑G commercial zoning with many possible uses
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
$11,260
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
8.07%
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%
$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
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
$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 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%
$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 8.07%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
75k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 27%
Hotels & Casinos 11%
Groceries 6%
McDonald's
Dining
18,055 visits/mo
0.2 miles
Burger King
Dining
9,887 visits/mo
0.1 miles
Embassy Suites By Hilton Hot Springs Hotel & Spa
Hotels & Casinos
7,888 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
7,854 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Norman Florist & Greenhouses, Inc. — 620 Greenwood Ave, Hot Springs, AR 71913
Frequently Asked Questions
What type of property is this?
Storefront property - C-G commercial zoning, a kitchen area, public restrooms, and on-street parking support flexible storefront use.
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: 1,426‑square‑foot commercial storefront on a 0.12‑acre parcel; Built in 1930 with exposed interior brick walls; C‑G commercial zoning with many possible uses
