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    2009 Park Ave Hot Springs, AR 71901

    Sponsored
    For Sale
    $2,300,000

    Craftsman, Business, Bldg and Land - Hot Springs, AR

    Property size:
    7,176 SF
    Lot size:
    5.41 Acres
    Days on Market:
    35
    Last Refresh:
    Jan 26 at 11:06 am

    Property Features for 2009 Park Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security, Security System
    Zoning
    commercial
    APN
    300-05263-000 C
    Parking
    25
    Interior features
    Insulated Windows, Insulated Doors, Elevator, 220 Volt Power, Public Restrooms, Janitor Services, Equipment (see Remarks), Inventory (see Remarks), Smoke Detector, Kitchen Area, Living Area, Ceiling Fans, Video Surveillance, Passenger Elevator, Furniture Included, In-unit Bathroom, Living Space Included, Phone System, Programmable Thermostat, Security System, Showers, Stairs, Glazed Windows
    Exterior features
    Partially Fenced, Outside Storage Area, Guttering, Storm Cellar, Lawn Sprinkler, Pole Sign, Door Sign, Other (see remarks), Landscaping, Overhead Doors, Video Surveillance, Additional Outbuildings, Irrigation-OnSite Wtr Src
    Fencing
    Fenced, Partial
    Accessibility
    Accessible Elevator Installed
    Size
    7,176 SF
    Lot size
    5.41 Acres

    Utilities

    Utilities
    Phone Available
    Heating system
    Electric (Heating), Natural Gas, Space Heater, Zoned (Heating)
    Cooling system
    Central Air, Electric, Heat Pump, Multi Units, Zoned

    Building Details

    Year built
    1910
    Floors in Building
    2
    Flooring type
    Tile, Wood
    Building materials
    Frame, Stone
    Roof type
    Metal, Other, See Remarks
    Architectural style
    Craftsman
    Additional Structures
    Outbuilding, See Remarks, Storage

    We can help!

    Listing Contact
    Jane Hollansworth
    Jane Hollansworth

    RE/MAX of Hot Springs Village (501) 922-3777

    Listing agent Jane Hollansworth (501) 922-3777

    Listing date Dec 23, 2025

    MLS# 25034866 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.

    Learn more

    Property Insight Report

    Overview

    Hot Springs Bed & Breakfast Estate

    This hospitality bed and breakfast is a 1910 Craftsman manor home, completely restored to classic elegance in 2005, with updates in 2024. Situated on a 5.5-acre estate bordering Hot Springs National Park in the Foothills of the Ouachita National Forest, the property is near Oaklawn Horse Racing. The boutique bed and breakfast offers five deluxe suites, each equipped with flat-screen TVs with YouTube TV, WIFI, and a DVD movie library. Suites also feature spa tubs, fireplaces, and 1000 thread count sheets. The grounds include over 5 acres to explore, gardens, swings, hammocks, fire pits, and a stone fireplace and patio with patio lights. The property offers the opportunity to host weddings for up to 100 people, honeymoons, family reunions, retreats, weekend escapes, adventures, birthdays, romantic getaways, and road trips. The building size is 7,176 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hilltop Manor Bed ... Bed & Breakfast

    Suggested Use

    Restaurant Building Supply Cafe & Coffee Shop Wine and Liquor Store Bed & Breakfast Nursing Home Breakfast

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

    Similar Places Nearby

    Ohio Club Loft, Wildwood 1884 Bed & Breakfast, Bella Vista Bed & Breakfast, B Street Condos, Arkansas Tower Motel

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.026279
    Latitude
    34.542024

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    FAQs

    What type of property is this?
    Bed & breakfast - Restored 1910 Craftsman on 5.5 acres near National Park.
    Where is this bed & breakfast located?
    The property is located at 2009 Park Ave Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - Prime Hospitality Bed and Breakfast: Established business opportunity in a thriving tourist area near Hot Springs National Park and Oaklawn Horse Racing.; - 5.5 Acre Estate Bordering National Park: Offers extensive outdoor space with gardens, fire pits, and potential for expansion or recreation.; - Five Deluxe Suites: Each suite features spa tubs, fireplaces, 1000 thread count sheets, and modern amenities like flat screen TVs and WIFI.
    (501) 922-8177
    Request Owner's contact information
    2009 Park Ave Hot Springs, AR 71901
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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
    2009 Park Ave Hot Springs, AR 71901
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    We can help!
    Listing Contact
    Jane Hollansworth
    Jane Hollansworth
    Real Estate License ID: sa00040771
    (501) 922-8177
    Learn more
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