For Sale
Hot Springs, AR
Commercial Real Estate Market Trends & Data
$248
Avg asking sale price
$18
Avg asking lease rate
8,330 SF
Avg unit lease size
8,280 SF
Avg building size for sale
7.44%
Average cap rate
Hot Springs's Demographic Profile
Hot Springs has 17,584 households and a median income of $42,679, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 38,975 |
| # Households | 17,584 |
| Median age | 45 |
| Median household income | $42,679 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 8,108 |
| 5-year population change | +1% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Hot Springs, AR
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Hot Springs | $266 | 9,310 SF |
| Hot Springs National Park | $237 | 13,360 SF |
| Lake Hamilton | $237 | 2,779 SF |
| Malvern | $993 | 2,540 SF |
| Rockport | $993 | 2,540 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Hot Springs | $224 | 5,482 SF | 8.15% |
| Maumelle | $176 | 41,136 SF | 6.82% |
| North Little Rock | $153 | 50,513 SF | 6.82% |
| Conway | $295 | 16,558 SF | 6.82% |
Commercial Properties For Sale in Hot Springs
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Hot Springs pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Hot Springs | $248 | 8,280 SF |
| Hot Springs National Park | $241 | 11,662 SF |
| Lake Hamilton | $231 | 7,843 SF |
| Pearcy | $164 | 1,828 SF |
Regional Demographic Comparison
This comparison places Hot Springs alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Hot Springs or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Hot Springs | 38,975 | 17,584 | 45 | $42,679 | 2 | 8,108 | 1% |
| Fountain Lake | 396 | 180 | 64 | $54,347 | 2 | 24 | 1% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Hot Springs, AR and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Hot Springs
View All Commercial Real Estate For Sale in Hot Springs
Is Hot Springs a good market for a first-time commercial real estate investor?
Hot Springs offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Hot Springs?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Hot Springs. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Hot Springs?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Hot Springs. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Hot Springs compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Hot Springs. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Hot Springs acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Hot Springs, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
Nearby Market Trends
