Medical Office with Treatment
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 Market168
Property Features for 711 Albert Pike Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
12
Exterior features
Fully Fenced
Fencing
Full
Subdivision
Bayles
Directions
Grand and Central intersection, West Grand turns into Albert Pike, business on the Left.
Standard status
Active
APN
400-03350-002-000C
Size
1,680 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
Blk 1, Lot 4&5, Bayles Additio
Tax Annual Amount
1636
Legal Description
Blk 1, Lot 4&5, Bayles Additio
Amenities
large reception/lobby area
5 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 - Hot Springs
(501) 255-0509
Listed By:
Beau Durbin · License #PB00055248
(501) 609-6493
Added: Apr 21
Changed: Oct 5
Last Checked: Oct 5 at 10:06AM
MLS# 26016134
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,680-square-foot medical office in Hot Springs was previously used as a chiropractic clinic. Its layout includes a reception area, five private treatment or examination rooms, a bathroom, kitchen and break area, and a separate shower. A full basement beneath the building adds storage or workspace. The property was built in 1945 and occupies a 0.24-acre lot with a fully fenced yard and 12 on-site parking spaces.
The building is located on Albert Pike Road, where the provided traffic count is approximately 23,000 vehicles per day. Separate entry and exit points serve the property. Its existing room configuration supports medical, wellness, professional office, salon, counseling, or other service-based uses.
The building is located on Albert Pike Road, where the provided traffic count is approximately 23,000 vehicles per day. Separate entry and exit points serve the property. Its existing room configuration supports medical, wellness, professional office, salon, counseling, or other service-based uses.
Key Highlights
- 1,680 square feet of building area on a 0.24‑acre lot
- Five private treatment or examination rooms
- Full basement extends beneath the entire building
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
$16,224
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
4.33%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate entry and exit, a fully enclosed yard, and a dedicated shower support a range of service-based operations.
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 feet of building area on a 0.24‑acre lot; Five private treatment or examination rooms; Full basement extends beneath the entire building
