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 Market66
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) 623-2200
Listed By:
Karolyn Fankhouser · License #EB00044496
(501) 627-2141
Source:
Moodyscre
Added: Aug 3
Changed: Sep 14
Last Checked: Oct 7 at 1:42PM
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 / Yr
$16,034
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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
