Flex Space with
For Sale
$1,733,800
4884 MALVERN Road Unit Tract A, Hot Springs, AR 71901
Income-producing flex property combining warehouse, showroom, office, and management space with city utilities already on-site.
Property Size10,727 SF
Days on Market114
Property Features for 4884 MALVERN Road Unit Tract A
General Information
Standard status
Active
Size
10,727 SF
Property subtype
Building and Land
Taxes and HOA fees
Annual Taxes
$3,449
Building Details
Building Size
10,727 SF
Year Built
1997
Listing Agency:
Coldwell Banker RPM Group-Hot
(501) 622-8396
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Whitestonearkansas
Added: Apr 14
Changed: Aug 2
Last Checked: Aug 5 at 4:52AM
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 Coldwell Banker RPM Group-Hot
Investment Insights
Based on property information with market context.
Tract A is a 15.56+ acre flex property with a 10,727-square-foot building that combines industrial and finished commercial areas. The facility includes a 5,000-square-foot shop or warehouse with four 14' x 14' overhead doors, 30-foot ceilings, and three-phase power. The finished portion provides a glass entry, showroom, offices, a private area with a full kitchen, and 1.5 bathrooms. Built in 1997, the property is currently leased on a short-term basis and offers flexibility for continued occupancy or future use by an owner-operator.
The property is located at 4884 Malvern Road in Hot Springs, across Highway 270E from the Garland County Fairgrounds. City utilities are on-site, and Tract A includes 225 feet of Highway 270 frontage as stated for the tract. The property is also offered with flexible purchase options, including all or part of the tract.
The property is located at 4884 Malvern Road in Hot Springs, across Highway 270E from the Garland County Fairgrounds. City utilities are on-site, and Tract A includes 225 feet of Highway 270 frontage as stated for the tract. The property is also offered with flexible purchase options, including all or part of the tract.
Key Highlights
- 15.56+ acres with a 10,727 SF building
- 5,000 SF shop/warehouse with four 14' x 14' overhead doors
- 30' ceilings and 3 phase power
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.5k | $14.40 |
| − Vacancy | −$17.1k | −$1.60 |
| EGI | $137.3k | $12.80 |
| − OpEx | −$34.3k | −$3.20 |
| NOI | $103.0k | $9.60 |
10,727 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $102,992 @ 7.0% cap · market cap 5.94%
Second Best
Flex RnD
$937.5K
$820.3K – $1.09M
NOI $65,627 @ 7.0% cap · market cap 3.79%
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
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Income-producing flex property combining warehouse, showroom, office, and management space with city utilities already on-site.
Where is this flex space located?
The property is located at 4884 MALVERN Road Unit Tract A 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: 15.56+ acres with a 10,727 SF building; 5,000 SF shop/warehouse with four 14' x 14' overhead doors; 30' ceilings and 3 phase power
