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    154 Cornerstone Ln Hot Springs, AR 71913

    Sponsored
    For Lease
    $18 SF/Yr ($10,624 /Mo)

    7,083 SF Medical Clinic - High Visibility

    Lot size:
    7,083 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,083-square-foot medical office building, situated at 154 Cornerstone Lane in Hot Springs, Arkansas, is available for sublease. Built in 2002, this single-story building sits on a 1.57-acre lot and offers a highly desirable location with excellent visibility. The property boasts a prime position, benefiting from approximately 32,000 vehicles passing daily on a nearby major thoroughfare. Convenient access to Highway 270 ensures easy accessibility for patients and staff. The entire 7,083 square feet is currently vacant, presenting a unique opportunity for a medical practice or related business seeking a turnkey solution. The lease rate is $18.00 per square foot (NNN). This single-tenant building is located in Garland County, Arkansas, and features a convenient address in Hot Springs, zip code 71913. The property's strategic location and ample space make it an ideal choice for businesses seeking a high-traffic, easily accessible location to establish or expand their operations. This is a rare opportunity to secure a well-maintained, ready-to-occupy medical office building in a thriving area.

    Property Features for 154 Cornerstone Ln

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,083 SF
    Total Rate
    10624.5

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,083 SF
    Rate per SF
    $18

    HighLights

    • High visibility location with 32,000+ vehicles per day on Central Avenue.
    • Excellent highway access via nearby Highway 270.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.05506977686
    Latitude
    34.460837350186

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    FAQs

    What type of property is this?
    Medical office - 7,083 SF Medical Clinic - High Visibility
    Where is this medical office 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 visibility location with 32,000+ vehicles per day on Central Avenue.; Excellent highway access via nearby Highway 270.;
    Request Owner's contact information
    154 Cornerstone Ln Hot Springs, AR 71913
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    Hot Springs, AR 71913
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    Realmo Value Estimation

    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

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    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.

    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
    154 Cornerstone Ln Hot Springs, AR 71913
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