Corner Lot Multi-Level Office
5380 Central Avenue, Hot Springs, AR 71913
Five-level office building with covered entrances, built-in work areas, and separate lower-level exterior access.
Type:Special Purpose
Property size:
4,249 SFPrice / SF:
$117/SF- Added:
- Jun 13, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 20 at 4:14 am
Property Features for 5380 Central Avenue
General Information
- Standard status
- Active
- Size
- 4,249 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1979
Listing office CENTURY 21 Parker & Scroggins Realty
Listing date Jun 13, 2026
Source Crexi
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 CENTURY 21 Parker & Scroggins Realty
HighLights
- Five‑level commercial office building built in 1979 with dual covered entrances and built‑in work areas throughout
- Corner lot on Central Avenue with additional access from Hamilton Oaks Drive and a prominent corner display sign
- Approximately 7,048 sq. ft. of paved parking with lower‑level parking connecting to the main entry level
- Main covered entrance opens to a reception area with soaring ceilings, expansive windows, and abundant natural light
- Lower level includes separate exterior access from the parking lot, supporting multiple uses
- Two covered walkout patios overlooking Lake Hamilton plus a fourth‑level tower with panoramic views; four bathrooms total
Overview
This corner-lot, five-level contemporary office building is designed for a professional, visitor-friendly arrival. A covered main entrance opens to a reception area with soaring ceilings, expansive windows, and abundant natural light. Interior features include built-in desks, cabinets, counters, and extensive storage, along with kitchen areas on every level. Two covered walkout patios and a fourth-level tower provide elevated outdoor and panoramic views. The lower level includes separate exterior access from the parking lot. Finishes and systems noted include engineered wood flooring, ceramic tile, carpeted stairs, four bathrooms (including a full bath), and a central alarm system.
The property offers dual access from Central Avenue and Hamilton Oaks Drive, along with a prominent display sign at the corner. It is described as having highway commercial zoning and is positioned near retail, restaurants, and other amenities along Central Avenue. On-site paved parking is provided, with lower-level parking connecting to the main entry level.
For tenants and owner-occupants, the layout supports an end-to-end workplace environment with built-in workstations, multiple kitchen areas, and substantial storage across levels. The separate lower-level exterior access can be useful for accommodating multiple users, services, or operations that benefit from independent entry and parking flow.
The property offers dual access from Central Avenue and Hamilton Oaks Drive, along with a prominent display sign at the corner. It is described as having highway commercial zoning and is positioned near retail, restaurants, and other amenities along Central Avenue. On-site paved parking is provided, with lower-level parking connecting to the main entry level.
For tenants and owner-occupants, the layout supports an end-to-end workplace environment with built-in workstations, multiple kitchen areas, and substantial storage across levels. The separate lower-level exterior access can be useful for accommodating multiple users, services, or operations that benefit from independent entry and parking flow.
Local 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 | $61.2k | $14.40 |
| − Vacancy | −$6.8k | −$1.60 |
| EGI | $54.4k | $12.80 |
| − OpEx | −$13.6k | −$3.20 |
| NOI | $40.8k | $9.60 |
4,249 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$582.8K
$509.9K – $679.9K
NOI $40,795 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.1K
$679.9K – $906.6K
NOI $54,394 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Melissa Carmack, Century ...
Real Estate Agency
Stephanie Ashcraft, Realtor ...
Real Estate Agency
Chaley Carter, Realtor, ...
Property Management Company
Stephanie Ashcraft, Realtor ...
Real Estate Agency
Young Realty Group- ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.090849
- Latitude
- 34.426984
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Five-level office building with covered entrances, built-in work areas, and separate lower-level exterior access.
Where is this office building located?
The property is located at 5380 Central Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Five‑level commercial office building built in 1979 with dual covered entrances and built‑in work areas throughout; Corner lot on Central Avenue with additional access from Hamilton Oaks Drive and a prominent corner display sign; Approximately 7,048 sq. ft. of paved parking with lower‑level parking connecting to the main entry level
