Office Suite with Private
5737 Central Avenue, Hot Springs, AR 71913
For Sale
Contact for pricing
The layout includes a client reception area and a restroom with a shower.
Property Size1,500 SF
Price / SF$1.00
Days on Market64
Property Features for 5737 Central Avenue
General Information
Standard status
Size
Property subtype
Additional Details
Utilities to Site
Amenities
Washer & Dryer Hookups
1
12
108029
Building Details
Year Built
Listing Agency:
Lake Hamilton Realty, Inc.
(501) 620-8992
Listed By:
Steve Street · License AR EB00047659
(501) 525-1466
Source:
Steve.lakehamiltonrealty
Added: Sep 8
Changed: Nov 9
Last Checked: Nov 9 at 11:36PM
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 Lake Hamilton Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office property, built in 2004, is arranged with five private offices and a reception area. A full restroom includes a shower, and washer and dryer hookups are available. On-site parking serves staff and visitors.
The property is at 5737 Central Avenue in Hot Springs, Arkansas.
The property is at 5737 Central Avenue in Hot Springs, Arkansas.
Key Highlights
- 1,500 square feet of office space
- Five private offices and a reception area
- Full restroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,402
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,040
$288.0K
Cap Rate 7%
$205,743
$205.7K
Cap Rate 9%
$160,022
$160.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.6K $14.40/SF
− Vacancy
−$2.4K −$1.60/SF
EGI
$19.2K $12.80/SF
− OpEx
−$4.8K −$3.20/SF
NOI
$14.4K $9.60/SF
Area
Garland County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,040
Cap Rate 7%
$205,743
Cap Rate 9%
$160,022
Alternative Uses
Best Use
Office B
$205.7K
$180.0K – $240.0K
NOI $14,402 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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
$179,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Hot Springs, AR
Properties on Market for Office Units in Hot Springs
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a client reception area and a restroom with a shower.
Where is this office unit located?
The property is located at 5737 Central Avenue Hot Springs, AR.
What are key features of this property?
This property features: 1,500 square feet of office space; Five private offices and a reception area; Full restroom with shower
