Industrial Flex Warehouse
For Sale
$3,312,000
Pending
736 MID AMERICA Boulevard, Hot Springs, AR 71913
Divisible industrial flex space offers loading docks, drive-in doors, open warehouse area, and sizable yard with offices.
Property Size47,500 SF
Days on Market358
Property Features for 736 MID AMERICA Boulevard
General Information
Standard status
Pending
Size
47,500 SF
Property subtype
Building and Land
Lease Type
Gross
Additional Details
Outdoor Storage
Yes
Clear Height
25 ft
Taxes and HOA fees
Annual Taxes
$16,406
Building Details
Building Size
47,500 SF
Year Built
2015
Listing Agency:
Coldwell Banker RPM Group-Hot
(501) 622-8396
Listed By:
Todd Woerpel
(501) 622-8396
Source:
Whitestonearkansas
Added: Sep 2, 2025
Changed: Aug 23
Last Checked: Aug 18 at 6:21AM
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 Coldwell Banker RPM Group-Hot
Investment Insights
Based on property information with market context.
This industrial flex warehouse facility is offered for sale with divisible floor space ranging from 2,500 to 40,000 square feet, depending on tenant needs. The building provides open floor space with 25-foot ceiling height, along with loading docks and drive-in doors. An office component is available up to approximately 5,000 square feet, supported by a large parking area and approximately 2+/- acres of yard space.
The property includes loading and access features suitable for a range of warehouse and light industrial requirements, with on-site yard area to support outdoor operations.
The configuration combines functional open warehouse space, dock and drive-in access, and office space within a larger site layout that includes substantial parking and yard area.
The property includes loading and access features suitable for a range of warehouse and light industrial requirements, with on-site yard area to support outdoor operations.
The configuration combines functional open warehouse space, dock and drive-in access, and office space within a larger site layout that includes substantial parking and yard area.
Key Highlights
- Divisible industrial flex space from 2,500 SF up to 40,000 SF based on tenant needs
- 25' ceiling height with open floor space for flexible industrial use
- Loading docks and drive‑in doors for efficient loading and access
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
$244,717
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
7.39%
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%
$4,894,340
$4.9M
Cap Rate 7%
$3,495,957
$3.5M
Cap Rate 9%
$2,719,078
$2.7M
Market Conditions
NOI Build-Up for 40,000 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
$398.4K $9.96/SF
− Vacancy
−$21.9K −$0.55/SF
EGI
$376.5K $9.41/SF
− OpEx
−$131.8K −$3.29/SF
NOI
$244.7K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$4,894,340
Cap Rate 7%
$3,495,957
Cap Rate 9%
$2,719,078
Alternative Uses
Best Use
Flex RnD
$3.50M
$3.06M – $4.08M
NOI $244,717 @ 7.0% cap · market cap 7.39%
Second Best
Warehouse
$2.22M
$1.94M – $2.59M
NOI $155,366 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$7.32M
$6.40M – $8.53M
NOI $512,064 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Well-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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Divisible industrial flex space offers loading docks, drive-in doors, open warehouse area, and sizable yard with offices.
Where is this flex space located?
The property is located at 736 MID AMERICA Boulevard Hot Springs, AR.
What is the asking price?
The asking price for this property is $3,312,000.
What are key features of this property?
This property features: Divisible industrial flex space from 2,500 SF up to 40,000 SF based on tenant needs; 25' ceiling height with open floor space for flexible industrial use; Loading docks and drive‑in doors for efficient loading and access
