Property profile

835 Central Ave Hot Springs National Park, AR 71901

FOR LEASE
Government properties
Property ID
US05-0229719
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Located in the heart of Hot Springs, Arkansas, 835 Central Avenue offers exceptional office space in a five-story, 70,310 square foot Class B building constructed in 1974. This single building sits on a 1.33-acre lot and features multiple tenancy options, with available suites ranging from 2,000 to 14,000 square feet. The property boasts a full-service gross lease rate of $15.00 per square foot, which includes utilities. Ample parking is provided with over 180 spaces in a convenient two-story parking deck. Enjoy unparalleled walkability to key attractions, including the convention center, City Hall, and the renowned Bathhouse Row, as well as a vibrant selection of restaurants and shops. Many offices provide stunning views of the downtown area. Access is convenient, with street-level entry points on both Broadway Street (first floor) and Central Avenue (second floor). This is a unique opportunity to secure prime office space in a desirable location within Garland County. The building offers a blend of historical charm and modern convenience, making it an ideal location for businesses seeking a thriving and accessible environment.

Property profile

Verified
Property type Government properties
Use group CENTRALLY ASSESSED
APN 400-04050-001-001U
UPID US05-0229719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Paternity Testing Service
  • Alternative Medicine Practice Spa & Massage Center
  • Financial Advisor
  • Insurance Agency
  • Bank Loan Service

Location

835 Central Ave Hot Springs National Park, AR 71901
Hot Springs National Park metro Census 11500 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2021
7 recorded transactions
2021
$164,940
2020
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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