Freestanding Office
For Sale
Contact for pricing
455 W Grand Ave, Hot Springs National Park, AR 71901
Office property with private workrooms, reception space, a break area, and rear parking.
Property Size1,670 SF
Lot Size0.14 Acres
Price / SF$149.10
Days on Market20
Property Features for 455 W Grand Ave
General Information
Standard status
Active
Size
1,670 SF
Lot size
0.14 Acres
Property subtype
OFFICE
Zoning
C-G
Building Details
Buildings
1
Building Size
1,670 SF
Listing Agency:
Colliers - Hot Springs
(501) 627-2141
Listed By:
Karolyn Fankhouser · License #EB00044496
(501) 627-2141
Source:
Moodyscre
Added: Aug 3
Changed: Aug 21
Last Checked: Aug 21 at 2:15PM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 1,670 SF on 0.14 AC +/- and is arranged with five private offices, a reception area, and a break room. Private parking is located behind the building, supporting convenient access for occupants and visitors.
The property is located at 455 W Grand Ave in Hot Springs National Park, near historic downtown Hot Springs. Zoned C-G - General Commercial, the building fronts a corridor reporting a 2025 average traffic count of 13,000 vpd.
The property is located at 455 W Grand Ave in Hot Springs National Park, near historic downtown Hot Springs. Zoned C-G - General Commercial, the building fronts a corridor reporting a 2025 average traffic count of 13,000 vpd.
Key Highlights
- 1,670 SF office building on 0.14 AC +/-
- Five private offices with reception area and break room
- Private parking positioned at the rear of the building
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
$16,034
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
6.44%
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%
$320,680
$320.7K
Cap Rate 7%
$229,057
$229.1K
Cap Rate 9%
$178,156
$178.2K
Market Conditions
NOI Build-Up for 1,670 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
$24.0K $14.40/SF
− Vacancy
−$2.7K −$1.60/SF
EGI
$21.4K $12.80/SF
− OpEx
−$5.3K −$3.20/SF
NOI
$16.0K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /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%
$320,680
Cap Rate 7%
$229,057
Cap Rate 9%
$178,156
Alternative Uses
Best Use
Office B
$229.1K
$200.4K – $267.2K
NOI $16,034 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.4K
$267.2K – $356.3K
NOI $21,379 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,580
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property with private workrooms, reception space, a break area, and rear parking.
Where is this office building located?
The property is located at 455 W Grand Ave Hot Springs National Park, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,670 SF office building on 0.14 AC +/-; Five private offices with reception area and break room; Private parking positioned at the rear of the building
