Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Clinic Sublease Opportunity Title is generated by Realmo AI

    154 Cornerstone Ln, Hot Springs, AR 71913

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    7,083 SF medical clinic available for sublease.

    Type:Office
    Property size:
    7,083 SF
    Added:
    Oct 24, 2024
    Days on Market:
    589
    Last Refresh:
    May 12 at 11:37 pm

    Property Features for 154 Cornerstone Ln

    General Information

    Standard status
    Active
    Size
    7,083 SF
    Property subtype
    Office

    Building Details

    Year Built
    2002

    Spaces For Lease

    at 154 Cornerstone Ln Contact us

    $18/Mo

    Size
    7,083 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Nathan Monan

    Listing agent Nathan Monan License #SA00077922

    Listing office Colliers - Little Rock, Arkansas

    Listing date Oct 24, 2024

    Source Crexi

    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 Colliers - Little Rock, Arkansas

    HighLights

    • High‑traffic visibility with approximately 32,000 vehicles passing daily
    • 7,083‑square‑foot medical clinic space available for sublease
    • Convenient access to Highway 270
    • Ideal location for medical or professional services
    • Lease rate of $18.00 per square foot (NNN)
    • Located at 154 Cornerstone Lane in Hot Springs, Arkansas

    Overview

    A 7,083-square-foot medical clinic is available for sublease at 154 Cornerstone Lane in Hot Springs, Arkansas. The lease rate is $18.00 per square foot (NNN). The property benefits from high traffic visibility, with approximately 32,000 vehicles passing daily on Central Avenue. Its location offers quick and convenient access to Highway 270, making it suitable for medical or professional services. This clinic provides an opportunity for businesses seeking a high-traffic, accessible location.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Petco Vaccination Clinic — 315 Cornerstone Blvd, Hot Springs, AR 71913
    • Countryside Animal Hospital — 3620 Central Ave Suite G, Hot Springs, AR 71913

    Map

    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.1429
    Latitude
    34.4476

    Nearby Similar for Lease

    • $4,800/Mo
      3,600 SF

      East Gate Retail Leasing Opportunity

      Retail and office spaces available near Hot Springs Village.
      25127 HWY 5, Hot Springs, AR 72087
      View Details
    • $500/Mo
      800 SF

      Charming Office Space For Rent

      Office space for rent with utilities included in Hot Springs.
      5380 Central Unit 4 Avenue, Hot Springs, AR 71913
      View Details
    • $500/Mo
      800 SF

      Charming Office Space For Rent

      Office space for rent with utilities included in Hot Springs.
      5380 Central Unit 2 Avenue, Hot Springs, AR 71913
      View Details
    • $12 SF/Yr
      2,560 SF

      Professional Office Space Available

      2,560 SF office space near downtown and courthouse.
      523 Orange St, Hot Springs, AR
      View Details
    • $18,000/Mo
      14,019 SF

      Former Car Dealership For Rent

      14,019 SF commercial space ideal for retail or showroom.
      4318 Central Ave, Hot Springs, AR
      View Details
    • Contact for pricing
      9,664 SF

      Retail Space on Central Avenue

      9,664 SF retail suite with prime visibility on Central Ave.
      3339 Central Ave, Hot Springs, AR
      View Details
    • Contact for pricing
      4,663 SF

      Waterfront Retail Space on Lake

      4,663 SF waterfront commercial property with lake access.
      2744 Albert Pike Road, Hot Springs, AR 71913
      View Details
    • $25 SF/Yr
      2,388 SF

      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
      1412 Higdon Ferry Rd, Hot Springs, AR
      View Details
    • $17 SF/Yr
      11,672 SF

      Medical Office Near CHI St. Vincent’s

      Medical office near hospital with private parking and storage.
      225 McAuley Ct, Hot Springs, AR
      View Details
    • $18 SF/Yr
      7,083 SF

      Medical Clinic Sublease Opportunity

      Sublease opportunity for a medical clinic with high traffic.
      154 Cornerstone Ln, Hot Springs National Park, AR
      View Details
    • $2,750/Mo
      3,800 SF

      Industrial Building with Overhead Doors

      3,800 SF industrial building featuring three 14' overhead doors.
      1205 Albert Park Rd , Hot Springs, AR
      View Details
    • Contact for pricing
      1,134 SF

      Medical Office Space Available

      Office space for rent near Highway 270 and CHI Hospital.
      1662 Higdon Ferry Rd, Hot Springs, AR
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 7,083 SF medical clinic available for sublease.
    Where is this medical office space located?
    The property is located at 154 Cornerstone Ln Hot Springs, AR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic visibility with approximately 32,000 vehicles passing daily; 7,083‑square‑foot medical clinic space available for sublease; Convenient access to Highway 270
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nathan Monan
    Real Estate License ID: SA00077922
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    154 Cornerstone Ln, Hot Springs, AR 71913
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!