Corner Retail
New
For Sale
$275,000
815 & 817 Grand Avenue, Hot Springs, AR 71901
Two buildings offer flexible space for retail or office use in a C-1-zoned commercial setting.
Property Size2,785 SF
Price / SF$98.74
Days on Market2
Property Features for 815 & 817 Grand Avenue
General Information
Standard status
Active
Size
2,785 SF
Property subtype
Commercial / Industrial
Zoning
C-1
Site & Location
Corner Location
Yes
Highway Access
Yes
Additional Details
Property Use
Retail or Office
Building Details
Buildings
2
Building Size
2,785 SF
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Audrey White
(501) 545-9075
Source:
Heilesassociatesrealtors
Added: Oct 28
Last Checked: Oct 28 at 2:51PM
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 White Stone Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property consists of two buildings with a combined area of 2,785 square feet. The C-1 zoning supports the stated retail or office use potential.
The property occupies the corner of Grand Avenue and Spring Street in Hot Springs, Arkansas, with 201 feet of frontage along Grand Avenue. It is positioned at the first traffic signal for drivers entering Hot Springs from Highway 70.
The property occupies the corner of Grand Avenue and Spring Street in Hot Springs, Arkansas, with 201 feet of frontage along Grand Avenue. It is positioned at the first traffic signal for drivers entering Hot Springs from Highway 70.
Key Highlights
- Two buildings totaling 2,785 square feet
- 201 feet of frontage on Grand Avenue
- Corner location at Grand Avenue and Spring Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,990
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,800
$439.8K
Cap Rate 7%
$314,143
$314.1K
Cap Rate 9%
$244,333
$244.3K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$33.4K $12.00/SF
− Vacancy
−$2.0K −$0.72/SF
EGI
$31.4K $11.28/SF
− OpEx
−$9.4K −$3.38/SF
NOI
$22.0K $7.90/SF
Area
Garland County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,800
Cap Rate 7%
$314,143
Cap Rate 9%
$244,333
Alternative Uses
Best Use
Office B
$382.0K
$334.2K – $445.7K
NOI $26,739 @ 7.0% cap · market cap 9.72%
Second Best
Retail
$314.1K
$274.9K – $366.5K
NOI $21,990 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$509.3K
$445.7K – $594.2K
NOI $35,652 @ 7.0% cap · market cap 12.96%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
290
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings offer flexible space for retail or office use in a C-1-zoned commercial setting.
Where is this retail space located?
The property is located at 815 & 817 Grand Avenue Hot Springs, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two buildings totaling 2,785 square feet; 201 feet of frontage on Grand Avenue; Corner location at Grand Avenue and Spring Street
