Flex Space with Shop and
For Sale
$415,000
5398 CENTRAL Avenue, Hot Springs, AR 71913
Commercial / Industrial, Hot Springs, AR
Property Size2,000 SF
Lot Size0.62 Acres
Price / SF$207.50
Days on Market103
Property Features for 5398 CENTRAL Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Exterior features
Partially Fenced, Guttering
Fencing
Partial
Subdivision
Hamilton Oaks
Directions
SOUTH ON CENTRAL (7 SOUTH) CROSS LAKE HAMILTON ON RIGHT
Standard status
Active
Size
2,000 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
S 36-T 03S-R 20 W-HAMILTON OAK
Tax Annual Amount
1819
Legal Description
S 36-T 03S-R 20 W-HAMILTON OAK
Building Details
Year built
1979
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
George Dooley
(501) 282-0543
Added: Jun 25
Changed: Oct 5
Last Checked: Oct 5 at 6:06PM
MLS# 26025692
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.
This 2,000-square-foot flex property on a 0.62-acre parcel includes a private office, a large heated and cooled shop, and two bathrooms: a half bath in the office and a full bath with a shower in the shop. Two sliding shop doors provide access to the work area. Interior improvements include epoxy flooring and LED lighting, while the metal roof was installed in 2024. The building was constructed in 1979.
The property fronts Central Avenue with 116 feet of road frontage. Parking is available in front of and behind the building, and the front area can also serve as display space. A fenced section is located at the rear.
The property fronts Central Avenue with 116 feet of road frontage. Parking is available in front of and behind the building, and the front area can also serve as display space. A fenced section is located at the rear.
Key Highlights
- 2,000‑square‑foot building on 0.62 acres
- 116 feet of frontage on Central Avenue
- Private office with half bath and large heated and cooled shop with full bath and 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.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
174
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Heated and cooled work areas combine a private office with a large shop, with parking available at the front and rear.
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 on 0.62 acres; 116 feet of frontage on Central Avenue; Private office with half bath and large heated and cooled shop with full bath and shower
