Storage Unit Facility with Automated
For Sale
Contact for pricing
6422 Central Ave, Hot Springs, AR 71913
Fully fenced storage unit facility with automated access, featuring 158 units including 30 climate-controlled units.
Property Size24,000 SF
Lot Size12.50 Acres
Price / SF$56.25
Days on Market106
Property Features for 6422 Central Ave
General Information
Standard status
Active
Size
24,000 SF
Lot size
12.50 Acres
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Self-Storage Units
158
Amenities
automated access system
security system
Building Details
Buildings
3
Listing Agency:
Colliers - Hot Springs
(501) 623-2200
Listed By:
Brian Gehrki
(501) 623-2200
Source:
Moodyscre
Added: Apr 22
Changed: Jul 31
Last Checked: Aug 5 at 8:23AM
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 Colliers - Hot Springs
Investment Insights
Based on property information with market context.
Newly constructed storage unit facility designed for secure, controlled access. The site is fully fenced and uses an automated access system, supported by a modern high-tech security system and a well-lit exterior.
Phase I is complete with three buildings totaling 24,000 SF and 158 units, including 30 climate-controlled units. The property sits on +/- 12.5 acres and is set up to support continued growth beyond Phase I.
Phase II and Phase III provide the ability to add 556 additional units, with a proposed site plan available for review.
Phase I is complete with three buildings totaling 24,000 SF and 158 units, including 30 climate-controlled units. The property sits on +/- 12.5 acres and is set up to support continued growth beyond Phase I.
Phase II and Phase III provide the ability to add 556 additional units, with a proposed site plan available for review.
Key Highlights
- +/- 12.5 acres, fully fenced with automated access system
- Phase I complete: 3 buildings totaling 24,000 SF
- 158 total units including 30 climate‑controlled units
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.8k | $7.20 |
| − Vacancy | −$12.1k | −$0.50 |
| EGI | $160.7k | $6.70 |
| − OpEx | −$48.2k | −$2.01 |
| NOI | $112.5k | $4.69 |
24,000 SF · lease $7.20/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.61M
$1.41M – $1.87M
NOI $112,493 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$1.33M
$1.17M – $1.55M
NOI $93,220 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,238 @ 7.0% cap · market cap 22.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
330
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Fully fenced storage unit facility with automated access, featuring 158 units including 30 climate-controlled units.
Where is this self storage facility located?
The property is located at 6422 Central Ave Hot Springs, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: +/- 12.5 acres, fully fenced with automated access system; Phase I complete: 3 buildings totaling 24,000 SF; 158 total units including 30 climate‑controlled units
