Property profile

207 Airport Rd Hot Springs, AR 71913

OFF-MARKET
Outlet malls
Property ID
US05-0052004
37,605 SF 4.58 ac lot Built 1978
Entity Owned 26-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 36,610-square-foot retail shopping center, located at 207 Airport Road in Hot Springs, Arkansas, presents a unique investment opportunity. The property, built in 1978, is situated on a sizable 4.48-acre lot and boasts a single-story building with 223 parking spaces. Currently, the entire 36,610 square feet is available for lease or sale. The center enjoys a highly visible location with a signalized entrance, ensuring optimal accessibility for customers. Its strategic position alongside major retailers such as Kroger, Dollar Tree, and directly across from a Walmart Supercenter, guarantees significant daily traffic exceeding 18,000 vehicles. This translates to unparalleled exposure and a prime opportunity for businesses seeking high visibility and a thriving retail environment. The asking price for the sale is $3 million, while lease terms are available at $6.00 per square foot (NNN). The property is located in Garland County, Arkansas, zip code 71913. This is a rare opportunity to acquire a well-positioned, sizable retail center in a high-traffic area of Hot Springs.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1978
Total area 37,605 SF
Lot 4.58 ac (199,505 SF)
APN 300-06686-000C
UPID US05-0052004

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
  • Barber Shop
  • Discount Store

Location

207 Airport Rd Hot Springs, AR 71913-4060
Hot Springs metro Census 11400 HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.11M
Blend (final) Blend
$730k

Owner & transaction history

since 1999
1 recorded transaction
1999
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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