Flex Building with
For Sale
$415,000
5398 Central Avenue, Hot Springs, AR 71913
Heated and cooled workshop space is paired with a private office and separate restroom facilities.
Property Size2,000 SF
Price / SF$207.50
Days on Market124
Property Features for 5398 Central Avenue
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Zoning
RN-1 Res Nbhd 1 District
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Conditioned Warehouse
Yes
Building Details
Building Size
2,000 SF
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
George Dooley
(501) 282-0543
Source:
Esqbrokers
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 26 at 3:35AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot flex building combines a large heated and cooled shop with a private office. The shop has a full bathroom with a shower, while the office includes a half bath. Interior updates include epoxy flooring and LED lighting; two sliding doors serve the shop. A metal roof was installed in 2024, and the rear area is fenced.
The property fronts Central Avenue in Hot Springs, with 116 feet of road frontage and parking at both the front and rear. The site is zoned RN-1 Res Nbhd 1 District.
The property fronts Central Avenue in Hot Springs, with 116 feet of road frontage and parking at both the front and rear. The site is zoned RN-1 Res Nbhd 1 District.
Key Highlights
- 2,000‑square‑foot building with a large heated and cooled shop
- 116 feet of frontage on Central Avenue in Hot Springs
- Private office with half bath; shop includes full bath with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,236
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,720
$244.7K
Cap Rate 7%
$174,800
$174.8K
Cap Rate 9%
$135,956
$136.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$19.9K $9.96/SF
− Vacancy
−$1.1K −$0.55/SF
EGI
$18.8K $9.41/SF
− OpEx
−$6.6K −$3.29/SF
NOI
$12.2K $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%
$244,720
Cap Rate 7%
$174,800
Cap Rate 9%
$135,956
Alternative Uses
Best Use
Flex RnD
$174.8K
$153.0K – $203.9K
NOI $12,236 @ 7.0% cap · market cap 2.95%
Second Best
Industrial
$91.4K
$80.0K – $106.6K
NOI $6,397 @ 7.0% cap · market cap 1.54%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
177
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Heated and cooled workshop space is paired with a private office and separate restroom facilities.
Where is this flex space located?
The property is located at 5398 Central Avenue 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‑square‑foot building with a large heated and cooled shop; 116 feet of frontage on Central Avenue in Hot Springs; Private office with half bath; shop includes full bath with shower
