Short-Term Rental Property with High
For Sale
$335,000
540 Ouachita Avenue, Hot Springs, AR 71901
Large windows bring natural light into the interior, and the property may qualify for short-term rental permitting.
Property Size3,171 SF
Price / SF$105.64
Days on Market126
Property Features for 540 Ouachita Avenue
General Information
Standard status
Active
Size
3,171 SF
Property subtype
Commercial
Zoning
HD Historic District
Building Details
Building Size
3,171 SF
Year Built
1920
Stories
1
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Kim Walker
(501) 844-5949
Source:
Esqbrokers
Added: Jun 22
Changed: Oct 23
Last Checked: Oct 23 at 12:56PM
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.
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Investment Insights
Based on property information with market context.
Located at 540 Ouachita Avenue in Hot Springs, this property features high ceilings and large windows that admit natural light. The building may be eligible for short-term rental permitting, subject to the applicable permitting process.
Key Highlights
- High ceilings throughout the interior
- Large windows provide natural light
- May qualify for short‑term rental permitting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,568
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,360
$391.4K
Cap Rate 7%
$279,543
$279.5K
Cap Rate 9%
$217,422
$217.4K
Market Conditions
NOI Build-Up for 3,171 SF
Gross rent
$38.1K $12.00/SF
− Vacancy
−$2.5K −$0.78/SF
EGI
$35.6K $11.22/SF
− OpEx
−$16.0K −$5.05/SF
NOI
$19.6K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,360
Cap Rate 7%
$279,543
Cap Rate 9%
$217,422
Alternative Uses
Best Use
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,568 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$579.9K
$507.4K – $676.6K
NOI $40,594 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,635
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Large windows bring natural light into the interior, and the property may qualify for short-term rental permitting.
Where is this short term rental property located?
The property is located at 540 Ouachita Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: High ceilings throughout the interior; Large windows provide natural light; May qualify for short‑term rental permitting
