All-Brick Retail
New
For Sale
$350,000
4660 N Hwy 7, Hot Springs Village, AR 71909
Shopping plaza location with highway frontage, on-site parking, and a layout suited to several commercial uses.
Property Size2,160 SF
Price / SF$162.04
Days on Market1
Property Features for 4660 N Hwy 7
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Land
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2007
Buildings
1
Construction
brick
Listing Agency:
Real Broker
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Sep 13
Last Checked: Sep 13 at 3:15PM
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 Real Broker
Investment Insights
Based on property information with market context.
This 2,160-square-foot retail space occupies an all-brick commercial building constructed in 2007. The property is part of a shopping plaza and offers a flexible interior configuration for retail, professional or medical office, service, showroom, or investment use.
Located at 4660 N Hwy 7 in Hot Springs Village, the building has frontage along North Highway 7 and includes ample parking. A vacant adjoining lot is also available for purchase, creating an option for additional parking, another building, or future expansion.
Located at 4660 N Hwy 7 in Hot Springs Village, the building has frontage along North Highway 7 and includes ample parking. A vacant adjoining lot is also available for purchase, creating an option for additional parking, another building, or future expansion.
Key Highlights
- 2,160‑square‑foot retail space
- All‑brick commercial building constructed in 2007
- Shopping plaza setting with frontage along North Highway 7
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
$17,055
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
4.87%
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%
$341,100
$341.1K
Cap Rate 7%
$243,643
$243.6K
Cap Rate 9%
$189,500
$189.5K
Market Conditions
NOI Build-Up for 2,160 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
$25.9K $12.00/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$24.4K $11.28/SF
− OpEx
−$7.3K −$3.38/SF
NOI
$17.1K $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%
$341,100
Cap Rate 7%
$243,643
Cap Rate 9%
$189,500
Alternative Uses
Best Use
Retail
$243.6K
$213.2K – $284.3K
NOI $17,055 @ 7.0% cap · market cap 4.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.0K
$345.6K – $460.9K
NOI $27,651 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 31%
Groceries 18%
Home Improvements & Furnishings 5%
McDonald's
Dining
16,699 visits/mo
0.1 miles
Brookshire's
Groceries
14,779 visits/mo
0.1 miles
SONIC Drive In
Dining
12,023 visits/mo
0.3 miles
Shell
Shops & Services
8,605 visits/mo
0.0 miles
Dollar Tree
Shops & Services
7,304 visits/mo
0.3 miles
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Shopping plaza location with highway frontage, on-site parking, and a layout suited to several commercial uses.
Where is this retail space located?
The property is located at 4660 N Hwy 7 Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,160‑square‑foot retail space; All‑brick commercial building constructed in 2007; Shopping plaza setting with frontage along North Highway 7
