Fenced Storefront
For Sale
$274,000
Hot Springs, AR 71901, Hot Springs, AR 71901
Commercial / Industrial, Hot Springs, AR
Property Size1,219 SF
Lot Size0.38 Acres
Price / SF$224.77
Days on Market274
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Subdivision
HOT SPRINGS SCHOOL DISTRICT
Standard status
Active
Size
1,219 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Annual Amount
1135
Amenities
fully fenced
Building Details
Year built
1945
Floors in Building
1
Listing Agency:
Southern Homes Realty - Hot Springs
(501) 760-0015
Listed By:
Kristi Williams
(501) 520-1006
Added: Jan 8
Changed: Oct 8
Last Checked: Oct 9 at 7:06AM
MLS# 26001312
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,219-square-foot storefront occupies three city lots totaling 0.38 acres. Interior and exterior updates have been completed, and the property is fully fenced with parking within the enclosure. Additional parking is available across the street.
The property is minutes from downtown Hot Springs and near local shops, restaurants, and attractions. Its commercial space is suited to retail, office, or service-oriented use.
The property is minutes from downtown Hot Springs and near local shops, restaurants, and attractions. Its commercial space is suited to retail, office, or service-oriented use.
Key Highlights
- 1,219 square feet of commercial space on three city lots
- 0.38‑acre site
- Interior and exterior updates completed recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,625
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$192,500
$192.5K
Cap Rate 7%
$137,500
$137.5K
Cap Rate 9%
$106,944
$106.9K
Market Conditions
NOI Build-Up for 1,219 SF
Gross rent
$14.6K $12.00/SF
− Vacancy
−$878 −$0.72/SF
EGI
$13.8K $11.28/SF
− OpEx
−$4.1K −$3.38/SF
NOI
$9.6K $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%
$192,500
Cap Rate 7%
$137,500
Cap Rate 9%
$106,944
Alternative Uses
Best Use
Retail
$137.5K
$120.3K – $160.4K
NOI $9,625 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$222.9K
$195.1K – $260.1K
NOI $15,605 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Recently refreshed commercial space offers enclosed on-site parking and additional parking across the street.
Where is this storefront property located?
The property is located at Hot Springs, AR.
What is the asking price?
The asking price for this property is $274,000.
What are key features of this property?
This property features: 1,219 square feet of commercial space on three city lots; 0.38‑acre site; Interior and exterior updates completed recently
