Medical Office With Full
For Sale
$375,000
711 ALBERT PIKE Road, Hot Springs, AR 71913
COMMERCIAL/INDUSTRIAL, Hot Springs, AR
Property Size1,680 SF
Lot Size0.24 Acres
Price / SF$223.21
Days on Market178
Property Features for 711 ALBERT PIKE Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RN-2 Res Nbhd 2 District
Zoning description
RN-2 Res Nbhd 2 District
Exterior features
Fully Fenced
Fencing
Full
Subdivision
Bayles Addition
Directions
West Grand will turn into Albert Pike, business on the Left.
Standard status
Active
Size
1,680 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
Block 1, Lot 4 & 5, Bayles Addition, Garland County, Arkansas
Tax Annual Amount
1636
Legal Description
Block 1, Lot 4 & 5, Bayles Addition, Garland County, Arkansas
Amenities
reception/lobby
private treatment/exam rooms
bathroom
kitchen/break area
separate shower
full basement
fully fenced yard
Building Details
Year built
1945
Floors in Building
1
Flooring type
Wood, Carpet - Partial
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Added: Apr 22
Changed: Oct 8
Last Checked: Oct 16 at 9:06PM
MLS# 155153
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.
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Investment Insights
Based on property information with market context.
This 1,680-square-foot medical office property was built in 1945 and previously operated as a chiropractic clinic. The layout includes a reception and lobby area, five private treatment or examination rooms, a bathroom, kitchen and break area, plus a separate shower. Carpet and wood flooring are present, and a full basement extends beneath the building for storage or additional workspace. The site also includes a fully fenced yard and 12 on-site parking spaces.
Positioned on Albert Pike Road in Hot Springs, the property records approximately 23,000 vehicles in daily traffic. Separate entry and exit points support circulation for visitors and staff. The property is identified within the RN-2 Res Nbhd 2 District and offers a configuration suited to medical office, wellness, professional office, salon, counseling, or other service-oriented use, subject to applicable requirements.
Positioned on Albert Pike Road in Hot Springs, the property records approximately 23,000 vehicles in daily traffic. Separate entry and exit points support circulation for visitors and staff. The property is identified within the RN-2 Res Nbhd 2 District and offers a configuration suited to medical office, wellness, professional office, salon, counseling, or other service-oriented use, subject to applicable requirements.
Key Highlights
- 1,680‑square‑foot medical office property built in 1945
- Five private treatment or examination rooms
- Full basement beneath the entire building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,224
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,480
$324.5K
Cap Rate 7%
$231,771
$231.8K
Cap Rate 9%
$180,267
$180.3K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$29.2K $17.40/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$27.0K $16.10/SF
− OpEx
−$10.8K −$6.44/SF
NOI
$16.2K $9.66/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$324,480
Cap Rate 7%
$231,771
Cap Rate 9%
$180,267
Alternative Uses
Best Use
Healthcare Medical
$231.8K
$202.8K – $270.4K
NOI $16,224 @ 7.0% cap · market cap 4.33%
Second Best
Office B
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$307.2K
$268.8K – $358.5K
NOI $21,507 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with reception, treatment rooms, kitchen, shower, and separate client and staff access.
Where is this medical office space located?
The property is located at 711 ALBERT PIKE Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,680‑square‑foot medical office property built in 1945; Five private treatment or examination rooms; Full basement beneath the entire building
