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    Hot Springs Multifamily Investment Opportunity Title is generated by Realmo AI

    100 Springwood Road, Hot Springs, AR 71913

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    Claim this Listing
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    For Sale
    $1,200,000

    MULTI_FAMILY - Hot Springs, AR

    Property size:
    840 SF
    Lot size:
    2.70 Acres
    Price / SF:
    $1,428/SF
    Added:
    May 16, 2026
    Days on Market:
    7
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 100 Springwood Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Free-Standing Stove, Refrigerator-Stays, Free-Standing Stove, Refrigerator-Stays
    Standard status
    Active
    Size
    840 SF
    Lot size
    2.70 Acres

    Taxes and HOA fees

    Tax Description
    Lots 75-83 & PT.84-91 Houser
    Tax Annual Amount
    3414

    Building Details

    Year built
    2005
    Floors in Building
    1
    Number of units
    16
    Flooring type
    Vinyl
    Roof type
    Composition

    We can help!

    Listing Contact
    Josh Davis
    Josh Davis

    Listing agent Josh Davis

    Listing office Vylla Home 2519 Military Rd., Suite A, Benton, AR

    Listing date May 16, 2026

    MLS# 26019889 Listing URL

    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.

    HighLights

    • High Income Potential: $13,625 monthly income from 15 rented units.
    • All 16 units are park‑owned.
    • Recently Refurbished: Substantial repairs and updates completed in the last 12 months.
    • Newer Units: All units are relatively new, built in 2005 or later.
    • Strong Rental Market: Current rents range from $875 to $1000.
    • Prime Location: Situated just two blocks from Walmart and minutes from the lake.

    Overview

    This multifamily property, a mobile home park, is located in Hot Springs, Arkansas, just two blocks from Walmart and minutes from the lake. The property features 16 units with year models of 2005 and newer. Current rents range from $875 up to $1000 on occupied units. The property has potential for monthly rentals. The seller has completed several repairs to the units. Fifteen units are under yearly lease, generating a monthly income of $13,625. All units are park owned. The seller has spent the last 12 months updating and doing repairs to bring this park back to life. Most all of the units were empty last MAY 2025 and needed to be refurbed. He has worked very hard over the last year and now has them rented and ready for an owner to come in and keep it growing. The property has a lot size of 2.7 acres and a property size of 840 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.139048
    Latitude
    34.472565

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    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park with 16 units near Lake Hamilton.
    Where is this mobile home & rv park located?
    The property is located at 100 Springwood Road Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: High Income Potential: $13,625 monthly income from 15 rented units.; All 16 units are park‑owned.; Recently Refurbished: Substantial repairs and updates completed in the last 12 months.
    (501) 326-7698
    We can help!
    Listing Contact
    Josh Davis
    Josh Davis
    Learn More
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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.

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