Medical Office with Reception
711 Albert Pike Road, Hot Springs, AR 71913
For Sale
$325,000
Commercial / Industrial, Hot Springs, AR
Property Size1,763 SF
Lot Size0.25 Acres
Price / SF$184.34
Days on Market14
Property Features for 711 Albert Pike Road
General Information
Property type
Property subtype
Parking
Interior features
Exterior features
Fencing
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Floors in Building
Flooring type
Listing Agency:
Trademark Real Estate, Inc.
(501) 318-3200
Listed By:
Craig Hendrix
(501) 318-4280
Added: Oct 27
Changed: Nov 5
Last Checked: Nov 9 at 9:06AM
MLS# 26044582
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.
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Investment Insights
Based on property information with market context.
The 1,763-square-foot medical office at 711 Albert Pike Road contains six offices, a large reception area, and a waiting room. The building was constructed in 1970 and includes public restrooms, full carpeting, and a fully fenced exterior. The property is vacant.
Set on a 0.25-acre lot along Albert Pike Road in Hot Springs, the site offers ample parking.
Set on a 0.25-acre lot along Albert Pike Road in Hot Springs, the site offers ample parking.
Key Highlights
- Six offices, a reception area, and a separate waiting room
- 1,763 square feet on a 0.25‑acre lot
- Public restrooms and full carpeting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,025
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,500
$340.5K
Cap Rate 7%
$243,214
$243.2K
Cap Rate 9%
$189,167
$189.2K
Market Conditions
NOI Build-Up for 1,763 SF
Gross rent
$30.7K $17.40/SF
− Vacancy
−$2.3K −$1.31/SF
EGI
$28.4K $16.10/SF
− OpEx
−$11.4K −$6.44/SF
NOI
$17.0K $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%
$340,500
Cap Rate 7%
$243,214
Cap Rate 9%
$189,167
Alternative Uses
Best Use
Healthcare Medical
$243.2K
$212.8K – $283.8K
NOI $17,025 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$241.8K
$211.6K – $282.1K
NOI $16,927 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$322.4K
$282.1K – $376.2K
NOI $22,569 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Office units
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
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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 - A six-office layout includes a waiting room and ample parking for patients and visitors.
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 $325,000.
What are key features of this property?
This property features: Six offices, a reception area, and a separate waiting room; 1,763 square feet on a 0.25‑acre lot; Public restrooms and full carpeting
