Office Unit for
For Sale
$699,900
802 CENTRAL Avenue Unit 1, Hot Springs, AR 71901
Office space offered for sale as Unit 1 at 802 Central Avenue.
Property Size2,070 SF
Price / SF$338.12
Days on Market368
Property Features for 802 CENTRAL Avenue Unit 1
General Information
Standard status
Active
Size
2,070 SF
Property subtype
General Commercial
Building Details
Year Built
1920
Listing Agency:
ESQ. Realty Group
(501) 255-0509
Listed By:
Jeffery Vaughn · License #SA00082445
Source:
Xome
Added: Aug 3, 2025
Changed: Jul 20
Last Checked: Jul 21 at 3:10AM
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 ESQ. Realty Group
Investment Insights
Based on property information with market context.
This offering presents an office space for sale designated as Unit 1 at 802 Central Avenue. The property is listed for sale as part of a commercial office building setup, with available information indicating a total property size of 2,070 square feet.
The space is located at 802 Central Avenue in Hot Springs, Arkansas. The listing references the address and unit designation, supporting use as a dedicated office tenant space within the building.
Prospective buyers and tenant representatives should review the unit configuration and layout directly, as the provided details focus on the sale offering and unit identification rather than interior buildout specifics.
The space is located at 802 Central Avenue in Hot Springs, Arkansas. The listing references the address and unit designation, supporting use as a dedicated office tenant space within the building.
Prospective buyers and tenant representatives should review the unit configuration and layout directly, as the provided details focus on the sale offering and unit identification rather than interior buildout specifics.
Key Highlights
- Office space for sale as Unit 1 at 802 Central Avenue
- Zoned CBD Central Bus. District
- Year built: 1920
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.8k | $14.40 |
| − Vacancy | −$3.3k | −$1.60 |
| EGI | $26.5k | $12.80 |
| − OpEx | −$6.6k | −$3.20 |
| NOI | $19.9k | $9.60 |
2,070 SF · lease $14.40/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$283.9K
$248.4K – $331.2K
NOI $19,874 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$378.6K
$331.2K – $441.7K
NOI $26,499 @ 7.0% cap · market cap 3.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,639
Businesses Nearby
Explore this area
Business Placement
Demographics for 71901, AR
29,363
Population
14,952
Households
2
Avg Household Size
43
Median Age
26%
College-Educated
88%
High-School Grad
101.9 sq mi
ZIP Area
288
Density / Sq Mi
$52,410
Median Household Income
$35,604
Median Earnings
$797
Median Rent
$173,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office space offered for sale as Unit 1 at 802 Central Avenue.
Where is this office building located?
The property is located at 802 CENTRAL Avenue Unit 1 Hot Springs, AR.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Office space for sale as Unit 1 at 802 Central Avenue; Zoned CBD Central Bus. District; Year built: 1920
