Restaurant Property with Car Sales
For Sale
$315,000
4400 Albert Pike Road, Hot Springs, AR 71913
Commercial / Industrial, Traditional, Hot Springs, AR
Property Size1,786 SF
Lot Size2.25 Acres
Price / SF$176.37
Days on Market12
Property Features for 4400 Albert Pike Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use Commercial
Parking
20
Interior features
Smoke Detector, Burglar Alarm, Kitchen Area
Exterior features
Partially Fenced, Dumpster, Pole Sign, Door Sign, Wheelchair Accessible, Additional Outbuildings
Fencing
Partial
Accessibility
Accessible Approach with Ramp
Lot features
Sloped, Level, Corner Lot
Directions
Going West on Hwy 270 (Albert Pike) pass Mountain Pine Road. Property is on the Right between Jetson Loop and Geneva Dr..
Subdivision
LAKE HAMILTON SCHOOL DISTRICT
Standard status
Active
Size
1,786 SF
Lot size
2.25 Acres
Taxes and HOA fees
Tax Description
Block:1 Lots: 2,3,14,25 Cl. Rd
Tax Annual Amount
1234
Legal Description
Block:1 Lots: 2,3,14,25 Cl. Rd
Building Details
Year built
1972
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Architectural style
Other
Additional Structures
Outbuilding
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Jon Frey
(501) 625-0655
Added: Sep 16
Changed: Sep 21
Last Checked: Sep 27 at 2:06PM
MLS# 26037856
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 restaurant property includes 1,786 square feet of space with a kitchen area, concrete flooring, smoke detection, and a burglar alarm. The improvements date to 1972 and feature a metal roof, wheelchair-accessible approach with a ramp, and additional outbuildings. Exterior elements include partial fencing, a dumpster, pole signage, and door signage.
The property encompasses 2.25 acres along Highway 270, also identified as Albert Pike Road, in Hot Springs, Arkansas. In addition to the restaurant, the site includes a car sales office and land surrounding the existing improvements. Its configuration combines an established restaurant use with a separate office component and supporting site features.
The property encompasses 2.25 acres along Highway 270, also identified as Albert Pike Road, in Hot Springs, Arkansas. In addition to the restaurant, the site includes a car sales office and land surrounding the existing improvements. Its configuration combines an established restaurant use with a separate office component and supporting site features.
Key Highlights
- 2.25‑acre property along Highway 270, also known as Albert Pike Road
- 1,786‑square‑foot restaurant property with kitchen area
- Includes a car sales office and additional outbuildings
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
$18,887
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
6.00%
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%
$377,740
$377.7K
Cap Rate 7%
$269,814
$269.8K
Cap Rate 9%
$209,856
$209.9K
Market Conditions
NOI Build-Up for 1,786 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
$26.8K $15.00/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$25.2K $14.10/SF
− OpEx
−$6.3K −$3.53/SF
NOI
$18.9K $10.58/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$377,740
Cap Rate 7%
$269,814
Cap Rate 9%
$209,856
Alternative Uses
Best Use
Specialty Retail
$269.8K
$236.1K – $314.8K
NOI $18,887 @ 7.0% cap · market cap 6.00%
Second Best
Retail
$201.5K
$176.3K – $235.0K
NOI $14,102 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$326.6K
$285.8K – $381.1K
NOI $22,864 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a kitchen area, car sales office, and additional outbuildings on a partially fenced site.
Where is this conventional restaurant located?
The property is located at 4400 Albert Pike Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2.25‑acre property along Highway 270, also known as Albert Pike Road; 1,786‑square‑foot restaurant property with kitchen area; Includes a car sales office and additional outbuildings
