Flex Office and Shop
For Sale
$415,000
5398 Central Ave, Hot Springs, AR 71913
Heated and cooled shop space with epoxy floors, sliding shop doors, and a fenced rear area on a high-traffic frontage.
Property Size2,000 SF
Price / SF$207.50
Days on Market36
Property Features for 5398 Central Ave
General Information
Standard status
Active
Size
2,000 SF
Site & Location
Road Access
Yes
Fenced Yard
Yes
Listing Agency:
Trademark Real Estate, Inc.
(501) 282-0543
Listed By:
George Dooley
(501) 282-0543
Source:
Exprealty
Added: Jun 25
Changed: Jul 27
Last Checked: Jul 30 at 11:29AM
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 Trademark Real Estate, Inc.
Investment Insights
Based on property information with market context.
This updated flex property features new epoxy floors, a new metal roof (2024), and all-new LED lighting throughout. The building includes a shop office with a full bath with shower and a separate half bath. Two sliding shop doors provide access to a large shop area that is heated and cooled, along with a fenced rear area.
The site offers 116 feet of road frontage and ample parking in both the front and rear for customer display or on-site needs. The building is sized at approximately 2,000 square feet and includes a private office plus the larger shop/work area.
Overall, the property is set up for combined workspace and office use, with enclosed shop accessibility and exterior parking for daily operations.
The site offers 116 feet of road frontage and ample parking in both the front and rear for customer display or on-site needs. The building is sized at approximately 2,000 square feet and includes a private office plus the larger shop/work area.
Overall, the property is set up for combined workspace and office use, with enclosed shop accessibility and exterior parking for daily operations.
Key Highlights
- 2,000 SF heated and cooled shop building with a private office
- Epoxy floors, new LED lighting, and 1 full bath with shower plus a 1/2 bath
- Two sliding shop doors for convenient access
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 | $28.8k | $14.40 |
| − Vacancy | −$3.2k | −$1.60 |
| EGI | $25.6k | $12.80 |
| − OpEx | −$6.4k | −$3.20 |
| NOI | $19.2k | $9.60 |
2,000 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 4.63%
Second Best
Flex RnD
$174.8K
$153.0K – $203.9K
NOI $12,236 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$365.8K
$320.0K – $426.7K
NOI $25,603 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
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 - Heated and cooled shop space with epoxy floors, sliding shop doors, and a fenced rear area on a high-traffic frontage.
Where is this flex space located?
The property is located at 5398 Central Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,000 SF heated and cooled shop building with a private office; Epoxy floors, new LED lighting, and 1 full bath with shower plus a 1/2 bath; Two sliding shop doors for convenient access
