Commercial Land with Existing
For Sale
$1,450,000
454 BROADWAY Street Unit 208 214 W Grand Avenue, Hot Springs, AR 71901
Commercial parcel includes an existing building, on-site parking, and a position near Downtown Hot Springs.
Property Size9,611 SF
Days on Market146
Property Features for 454 BROADWAY Street Unit 208 214 W Grand Avenue
General Information
Standard status
Active
Size
9,611 SF
Property subtype
Building and Land
Taxes and HOA fees
Annual Taxes
$4,344
Building Details
Building Size
9,611 SF
Year Built
1939
Listing Agency:
Urban Living and Development INC
(501) 352-7670
Listed By:
Amber Henson · License #PB00075323
Source:
Whitestonearkansas
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 10:24PM
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 Urban Living and Development INC
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing commercial building constructed in 1939, along with acreage and on-site parking. The property provides a combination of land and improvements for a range of commercial applications.
Positioned at West Grand Avenue and Broadway Street, the property is near Downtown Hot Springs in a high-traffic corridor. The site is located within an Opportunity Zone and includes addresses at 454 Broadway Street and 208, 214 W Grand Avenue.
Positioned at West Grand Avenue and Broadway Street, the property is near Downtown Hot Springs in a high-traffic corridor. The site is located within an Opportunity Zone and includes addresses at 454 Broadway Street and 208, 214 W Grand Avenue.
Key Highlights
- Acreage with an existing commercial building
- Commercial building constructed in 1939
- On‑site parking included
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
$75,888
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
5.23%
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%
$1,517,760
$1.5M
Cap Rate 7%
$1,084,114
$1.1M
Cap Rate 9%
$843,200
$843.2K
Market Conditions
NOI Build-Up for 9,611 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
$115.3K $12.00/SF
− Vacancy
−$6.9K −$0.72/SF
EGI
$108.4K $11.28/SF
− OpEx
−$32.5K −$3.38/SF
NOI
$75.9K $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%
$1,517,760
Cap Rate 7%
$1,084,114
Cap Rate 9%
$843,200
Alternative Uses
Best Use
Retail
$1.08M
$948.6K – $1.26M
NOI $75,888 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,036 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
69k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 37%
Hotels & Casinos 12%
Apparel 7%
Dodge's Southern Style
Shops & Services
20,088 visits/mo
0.3 miles
McDonald's
Dining
18,055 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
0.4 miles
Family Dollar
Shops & Services
5,119 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.
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial parcel includes an existing building, on-site parking, and a position near Downtown Hot Springs.
Where is this commercial land located?
The property is located at 454 BROADWAY Street Unit 208 214 W Grand Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Acreage with an existing commercial building; Commercial building constructed in 1939; On‑site parking included
