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 Market146
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
Source:
Crexi
Added: Apr 24
Changed: Sep 15
Last Checked: Sep 15 at 6:48AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
11
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 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
