Storage Unit Facility with Automated
For Sale
Contact for pricing
6422 Central Avenue, 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 Market191
Property Features for 6422 Central Avenue
General Information
Standard status
Active
Size
24,000 SF
Lot size
12.50 Acres
Property subtype
Self Storage
Additional Details
Fenced Yard
Yes
Self-Storage Units
158
Amenities
automated access system
security system
Building Details
Buildings
3
Listing Agency:
Gehrki Commercial Real Estate
Listed By:
Brian Gehrki · License #AR PB00027119
(501) 258-5500
Source:
Crexi
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 30 at 11:53AM
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 Gehrki Commercial Real Estate
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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
Estimated NOI and Cap Rate
NOI / Yr
$112,493
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,860
$2.2M
Cap Rate 7%
$1,607,043
$1.6M
Cap Rate 9%
$1,249,922
$1.2M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$172.8K $7.20/SF
− Vacancy
−$12.1K −$0.50/SF
EGI
$160.7K $6.70/SF
− OpEx
−$48.2K −$2.01/SF
NOI
$112.5K $4.69/SF
Area
Garland County, AR
Vacancy
7.00%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,249,860
Cap Rate 7%
$1,607,043
Cap Rate 9%
$1,249,922
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
11
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 Industrial in South region
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 Avenue 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
