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    622 Malvern Ave Hot Springs, AR 71901
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    622 Malvern Ave, Hot Springs, AR 71901

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    • Retail properties & Spaces
    • 13,758 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Escape Hot Springs, Inc / Arcade & Gaming Center

    Property Details for 622 Malvern Ave

    Year built
    1965
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional mixed-use property, located at 622-640 Malvern Avenue in Hot Springs, Arkansas, presents a unique investment opportunity. Comprising two single-story buildings totaling 13,758 square feet on a 2.76-acre lot, this property offers multiple tenancy options. Three spaces are currently available, ranging in size from 1,600 square feet to 6,640 square feet, ideal for a variety of businesses. Built in 1965, the property is situated in Garland County, just north of Grand Avenue, providing convenient access to downtown Hot Springs. Its prime location offers easy access to public transportation, the Hot Springs Convention Center, and the scenic Greenway Trail, all within walking distance, ensuring high visibility and accessibility for tenants. The property's versatility makes it suitable for a range of commercial uses, providing a strong foundation for growth and success in a thriving community. The address is 622-640 Malvern Ave, Hot Springs, AR 71901. This is a rare opportunity to acquire a well-located, established commercial property in a desirable Arkansas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0492
    Latitude
    34.5054

    Comparable in this City

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      8338 Park Ave

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      150 Grand Ave

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    • Value Estimation
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      1544 Malvern Ave

      ROADSIDE MARKET
      1544 Malvern Ave, Hot Springs, AR 71901-6535
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    • Value Estimation by Request
      10,060 SF

      401 Ouachita Ave

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    • Value Estimation by Request
      10,060 SF

      401 Ouachita Ave

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      401 Ouachita Ave, Hot Springs, AR 71901
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    Similar Nearby for Sale

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      35,898 SF

      Mixed-Use Building in Downtown Hot Springs

      Mixed-use building with retail and office space in downtown Hot Springs.
      622-640 Malvern Ave, Hot Springs, AR 71901
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      Malvern Avenue Commercial Land Available

      2.7 acres of commercially zoned land on Malvern Avenue.
      000 Malvern Ave, Hot Springs, AR 71901
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    • $2,150,000
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      Downtown Hot Springs Mixed-Use Building

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      Versatile Commercial Building in Hot Springs

      5280 SF heated/cooled building ideal for retail, office, or flex.
      450 Broadway St, Hot Springs, AR 71901
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    • $499,900
      2.70 Acres

      Commercial Land on Malvern Avenue

      2.7 acres of commercially zoned land on Malvern Avenue.
      Malvern Ave, Hot Springs, AR 71901
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    • $499,900
      2.70 Acres

      Hot Springs Commercial Land Available

      2.7 acres of commercially zoned land on Malvern Avenue.
      Malvern Ave, Hot Springs, AR 71901
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    Similar Nearby for Lease

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      Mixed-Use Space in Hot Springs

      Mixed-use space for sale or lease near city transit.
      622 Malvern Ave, Hot Springs, AR 71901
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      2,560 SF

      Professional Office Space Available

      2,560 SF office space near downtown and courthouse.
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      950 SF

      Office Space on Malvern Avenue

      Office space for rent with utilities and janitorial included.
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      6,640 SF

      Downtown Hot Springs Office Space

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      628 Malvern Ave, Hot Springs, AR 71901
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      24,156 SF

      Visible Corner Retail Space

      Retail space with high visibility near downtown historic district.
      350 Malvern Ave, Hot Springs National Park, AR 71901
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      4,912 SF

      Downtown Hot Springs Retail Space

      Retail space near downtown Hot Springs, close to amenities.
      630 Malvern Ave, Hot Springs National Park, AR 71901
      View Details
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    Hot Springs, AR 71901
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    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
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