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130 Illinois St - Block Space Solutions Arkansas 8,500 SF Specialty Building Offered at $450,000 in Hot Springs National Park, AR 71901
INVESTMENT HIGHLIGHTS
- Recent Capital Improvements
- Adjacent to Hot Springs National Park
- 38,114 residents
- Home to Multiple Tourist Attractions
- 5.5 sq. ft. per capita (3 Mile Radius)
- Highway Visibility
EXECUTIVE SUMMARY
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
Calvary Realty is pleased to present Block Space Solutions Arkansas, a self-storage investment opportunity located at 130 Illinois Street in Hot Springs, AR—within the Hot Springs Metropolitan Statistical Area, which boasts a population of 100,089. This property is offered at a pricing guidance of $450,000, representing a low $52.94 per square foot and a projected Proforma cap rate of 11.11%.
The facility comprises 8,500 enclosed square feet across two single-story buildings, offering 68 units on approximately 0.78 acres of land. Originally constructed in 1986, the property has recently reopened and is currently 52% occupied, presenting strong lease-up potential for an investor seeking upside. Zoned for mini-warehouse use (APN 400-20900-150-001), it sits at the intersection of Illinois Street and Alabama Street, with visibility from Highway 70 and a daily traffic count of 8,100 vehicles.
Hot Springs is the 11th most populous city in Arkansas and a notable tourist destination, home to Hot Springs National Park, Lake Hamilton, casinos, resorts, spas, and theme parks. The city also holds historical significance as the childhood hometown of President Bill Clinton. With strong fundamentals including a low 5.5 square feet of storage per capita within a 3-mile radius (and just 4.14 sq. ft. within 1 mile), the market is well-positioned for future growth. Recent capital improvements, highway frontage, and tourism-driven demand create the potential for double-digit returns.
Calvary Realty is pleased to present Block Space Solutions Arkansas, a self-storage investment opportunity located at 130 Illinois Street in Hot Springs, AR—within the Hot Springs Metropolitan Statistical Area, which boasts a population of 100,089. This property is offered at a pricing guidance of $450,000, representing a low $52.94 per square foot and a projected Proforma cap rate of 11.11%.
The facility comprises 8,500 enclosed square feet across two single-story buildings, offering 68 units on approximately 0.78 acres of land. Originally constructed in 1986, the property has recently reopened and is currently 52% occupied, presenting strong lease-up potential for an investor seeking upside. Zoned for mini-warehouse use (APN 400-20900-150-001), it sits at the intersection of Illinois Street and Alabama Street, with visibility from Highway 70 and a daily traffic count of 8,100 vehicles.
Hot Springs is the 11th most populous city in Arkansas and a notable tourist destination, home to Hot Springs National Park, Lake Hamilton, casinos, resorts, spas, and theme parks. The city also holds historical significance as the childhood hometown of President Bill Clinton. With strong fundamentals including a low 5.5 square feet of storage per capita within a 3-mile radius (and just 4.14 sq. ft. within 1 mile), the market is well-positioned for future growth. Recent capital improvements, highway frontage, and tourism-driven demand create the potential for double-digit returns.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,230
|
$7.91
|
| Taxes |
$4,613
|
$0.54
|
| Operating Expenses |
$12,622
|
$1.48
|
| Total Expenses |
$17,235
|
$2.03
|
| Net Operating Income |
$49,995
|
$5.88
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,230 |
| Annual Per SF | $7.91 |
| Taxes | |
|---|---|
| Annual | $4,613 |
| Annual Per SF | $0.54 |
| Operating Expenses | |
|---|---|
| Annual | $12,622 |
| Annual Per SF | $1.48 |
| Total Expenses | |
|---|---|
| Annual | $17,235 |
| Annual Per SF | $2.03 |
| Net Operating Income | |
|---|---|
| Annual | $49,995 |
| Annual Per SF | $5.88 |
PROPERTY FACTS
| Price | $450,000 | Property Subtype | Self-Storage |
| Price Per SF | $52.94 | Lot Size | 0.78 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1986 |
| Price | $450,000 |
| Price Per SF | $52.94 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 0.78 AC |
| Building Size | 8,500 SF |
| No. Stories | 1 |
| Year Built | 1986 |
1 1
PROPERTY TAXES
| Parcel Number | 400-20900-150-001 | Total Assessment | $30,100 (2025) |
| Land Assessment | $10,180 (2025) | Annual Taxes | $4,613 ($0.54/SF) |
| Improvements Assessment | $19,920 (2025) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
400-20900-150-001
Land Assessment
$10,180 (2025)
Improvements Assessment
$19,920 (2025)
Total Assessment
$30,100 (2025)
Annual Taxes
$4,613 ($0.54/SF)
Tax Year
2026
CONTACTS
-
Brandon Robinson -
Geramie Bascomb -
Leanna Calderon -
Milburn Stevens -
Calvary Realty
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130 Illinois St - Block Space Solutions Arkansas
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