Storefront with Private
New
For Sale
$129,000
601 W GRAND Avenue, Hot Springs, AR 71901
COMMERCIAL/INDUSTRIAL, Hot Springs, AR
Property Size1,026 SF
Price / SF$125.73
Days on Market1
Property Features for 601 W GRAND Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-G General Comm District
Zoning description
C-G General Comm District
Subdivision
HSR BLK 91
Directions
From Grand and Central go W on Grand to 601 on your left. On the corner of Second St and Grand.
Standard status
Active
Size
1,026 SF
Taxes and HOA fees
Tax Description
BLK 91 LOT PT 12 of HSR BLK 91 in Galand County AR. All of Parcel ID 54851.
Tax Annual Amount
1100
Legal Description
BLK 91 LOT PT 12 of HSR BLK 91 in Galand County AR. All of Parcel ID 54851.
Building Details
Year built
1930
Buildings
1
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Jeffery Vaughn · License #SA00082445
(501) 293-1913
Added: Oct 30
Last Checked: Oct 30 at 9:06PM
MLS# 157803
Copyright © 2026 Hot Springs Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
Built in 1930, this 1,026-square-foot storefront at 601 W Grand Avenue in Hot Springs has an open main room and a separate room suited to conference or private office use. A half bath and carport entry round out the building’s functional features. The property is zoned C-G General Comm District.
Key Highlights
- 1,026‑square‑foot storefront building
- Built in 1930
- Open main room with a separate conference room or private office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,101
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,020
$162.0K
Cap Rate 7%
$115,729
$115.7K
Cap Rate 9%
$90,011
$90.0K
Market Conditions
NOI Build-Up for 1,026 SF
Gross rent
$12.3K $12.00/SF
− Vacancy
−$739 −$0.72/SF
EGI
$11.6K $11.28/SF
− OpEx
−$3.5K −$3.38/SF
NOI
$8.1K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$162,020
Cap Rate 7%
$115,729
Cap Rate 9%
$90,011
Alternative Uses
Best Use
Retail
$115.7K
$101.3K – $135.0K
NOI $8,101 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$187.6K
$164.2K – $218.9K
NOI $13,134 @ 7.0% cap · market cap 10.18%
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
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
11k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Beauty & Spa 16%
Exxon
Shops & Services
5,087 visits/mo
0.5 miles
U.S. Bank
Shops & Services
3,980 visits/mo
0.4 miles
Rock Paper Scissors
Beauty & Spa
1,725 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Hot Springs Florist Gifts & More Inc. — 2034 Central Ave, Hot Springs National Park, AR 71901
- Norman Florist & Greenhouses, Inc. — 620 Greenwood Ave, Hot Springs, AR 71913
- Elegant Gunk — Hot Springs, AR 71913
- Joe Sturgill & Company — 817 Prospect Ave, Hot Springs, AR 71901
Frequently Asked Questions
What type of property is this?
Storefront property - An open main room, separate office or conference room, half bath, and covered entry support a flexible commercial layout.
Where is this storefront property located?
The property is located at 601 W GRAND Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $129,000.
What are key features of this property?
This property features: 1,026‑square‑foot storefront building; Built in 1930; Open main room with a separate conference room or private office
