Flex Space with
For Sale
$1,733,800
4884 Malvern Road, Hot Springs, AR 71901
Commercial / Industrial, Built to Suit, Hot Springs, AR
Property Size10,727 SF
Lot Size15.56 Acres
Price / SF$161.63
Days on Market184
Property Features for 4884 Malvern Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
50
Interior features
Kitchen Area, Living Area
Exterior features
Partially Fenced, Pole Sign, Overhead Doors
Fencing
Partial
Subdivision
Metes & Bounds
Lot features
Sloped, Level, Not in Subdivision, Will Subdivide, Out of City
Directions
E. Grand, Right on Malvern Ave. approx 9 miles on Right (South side of Hwy 270) across from Fair Grounds
Standard status
Active
Size
10,727 SF
Lot size
15.56 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STR: 22-03S-18W
Tax Annual Amount
3449
Legal Description
STR: 22-03S-18W
Building Details
Year built
1997
Floors in Building
2
Flooring type
Concrete, Vinyl
Roof type
Aluminum
Architectural style
Other
Listing Agency:
CBRPM Hot Springs · Coldwell Banker Real Estate
(501) 525-7355
Listed By:
Todd Woerpel
(501) 622-8396
Added: Apr 6
Changed: Oct 5
Last Checked: Oct 6 at 6:06AM
MLS# 26014655
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 4884 Malvern Road in Hot Springs, this flex property contains a 10,727-square-foot building on 15.56 acres. The 5,000-square-foot shop and warehouse area has four 14-by-14-foot overhead doors, 30-foot ceilings, and three-phase power. Another 5,700 square feet is finished with a glass-front entrance, showroom, offices, and a private area with a full kitchen and 1.5 bathrooms.
Built in 1997, the property has city utilities on site and is located across Highway 270E from the Garland County Fairgrounds. The property is leased on a short-term basis and currently produces income.
Built in 1997, the property has city utilities on site and is located across Highway 270E from the Garland County Fairgrounds. The property is leased on a short-term basis and currently produces income.
Key Highlights
- 10,727‑square‑foot building on 15.56 acres
- 5,000‑square‑foot shop/warehouse with four 14'x14' overhead doors
- 30' ceilings and 3 phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,627
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,540
$1.3M
Cap Rate 7%
$937,529
$937.5K
Cap Rate 9%
$729,189
$729.2K
Market Conditions
NOI Build-Up for 10,727 SF
Gross rent
$106.8K $9.96/SF
− Vacancy
−$5.9K −$0.55/SF
EGI
$101.0K $9.41/SF
− OpEx
−$35.3K −$3.29/SF
NOI
$65.6K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,312,540
Cap Rate 7%
$937,529
Cap Rate 9%
$729,189
Alternative Uses
Best Use
Flex RnD
$937.5K
$820.3K – $1.09M
NOI $65,627 @ 7.0% cap · market cap 3.79%
Second Best
Warehouse
$595.2K
$520.8K – $694.4K
NOI $41,665 @ 7.0% cap · market cap 2.40%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,323 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
30 ft
Clear height
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Shop and warehouse areas are complemented by a finished showroom, offices, and on-site city utilities.
Where is this flex space located?
The property is located at 4884 Malvern Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,733,800.
What are key features of this property?
This property features: 10,727‑square‑foot building on 15.56 acres; 5,000‑square‑foot shop/warehouse with four 14'x14' overhead doors; 30' ceilings and 3 phase power
