Office Building with Conference
For Sale
Contact for pricing
455 West Grand Avenue, Hot Springs, AR 71901
Multi-office layout includes a conference room and kitchen.
Property Size1,640 SF
Price / SF$143.11
Days on Market60
Property Features for 455 West Grand Avenue
General Information
Standard status
Active
Size
1,640 SF
Property subtype
Office
Lease Type
Modified Gross
Additional Details
Office Units
1
Amenities
conference room
kitchen
Building Details
Buildings
1
Building Size
1,640 SF
Tenancy
Single
Listing Agency:
Colliers - Little Rock, Arkansas
Listed By:
Karolyn Fankhouser · License #AR EB00044496
(501) 627-2141
Source:
Crexi
Added: Aug 18
Changed: Oct 10
Last Checked: Oct 16 at 8:27AM
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 - Little Rock, Arkansas
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,640 SF office building at 455 W. Grand Ave in Hot Springs offers a single-tenant configuration with several private offices, a conference room, and a kitchen. A floorplan is available for review.
The property sits near the Grand Avenue and Central Avenue intersection, with both on-site and street parking available. Its central city setting supports convenient access for office operations and visitors.
The property sits near the Grand Avenue and Central Avenue intersection, with both on-site and street parking available. Its central city setting supports convenient access for office operations and visitors.
Key Highlights
- 1,640 SF office building at 455 W. Grand Ave
- Single‑tenant office configuration
- Several offices with a dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,034
Cap Rate
6.71%
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 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$305.4K
$267.2K – $356.3K
NOI $21,379 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Multi-office layout includes a conference room and kitchen.
Where is this office building located?
The property is located at 455 West Grand Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,640 SF office building at 455 W. Grand Ave; Single‑tenant office configuration; Several offices with a dedicated conference room
