Five-Office Suite with
For Sale
Contact for pricing
5737 Central Avenue #Suite F, Hot Springs, AR 71913
A professional layout includes a private restroom with shower and washer/dryer hookups.
Property Size1,500 SF
Price / SF$1.00
Days on Market70
Property Features for 5737 Central Avenue #Suite F
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Property Use
Office
Amenities
Washer & Dryer Hookups
Ample Dedicated Parking
Building Details
Building Size
1,500 SF
Year Built
2004
Stories
1
Listing Agency:
Partners Realty
(501) 359-3333
Listed By:
Jessica Smith · License #SA00089995
(501) 627-6011
Source:
Esqbrokers
Added: Aug 17
Changed: Oct 23
Last Checked: Oct 23 at 5:28PM
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 Partners Realty
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Investment Insights
Based on property information with market context.
This 1,500-square-foot office unit, built in 2004, is arranged with five private offices and a reception area. The restroom includes a shower, and washer and dryer hookups are also provided. On-site parking serves staff and visitors.
Tenants are responsible for their own utilities. A 36-month lease term is preferred.
Tenants are responsible for their own utilities. A 36-month lease term is preferred.
Key Highlights
- 1,500 square feet with five private offices and a reception area
- Full restroom includes a shower
- Washer and dryer hookups
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 · market cap 960.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 1,280.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A professional layout includes a private restroom with shower and washer/dryer hookups.
Where is this office unit located?
The property is located at 5737 Central Avenue #Suite F Hot Springs, AR.
What are key features of this property?
This property features: 1,500 square feet with five private offices and a reception area; Full restroom includes a shower; Washer and dryer hookups
