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    Historic Craftsman Bed-and-Breakfast Estate Title is generated by Realmo AI

    2009 PARK Avenue, Hot Springs, AR 71901

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    For Sale
    $1,850,000

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

    Property size:
    7,176 SF
    Lot size:
    5.41 Acres
    Price / SF:
    $257/SF
    Added:
    May 4, 2026
    Days on Market:
    7
    Last Refresh:
    May 10 at 5:06 pm

    Property Features for 2009 PARK Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    CR
    Parking
    50
    Parking features
    Paved or Surfaced
    Interior features
    Elevator, 220 Volt Power, Public Restrooms, Janitor Services, Equipment (see Remarks), Inventory (see Remarks), Smoke Detector, Kitchen Area, Living Area, Ceiling Fans, Video Surveillance, Furniture Included, In-unit Bathroom, Living Space Included, Programmable Thermostat, Glazed Windows
    Exterior features
    Guttering, Storm Cellar, Lawn Sprinkler, Pole Sign, Door Sign, Landscaping, Overhead Doors, Video Surveillance, Additional Outbuildings, Irrigation-OnSite Wtr Src
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    Size
    7,176 SF
    Lot size
    5.41 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    7096

    Utilities

    Heating system
    Central, Natural Gas, Zoned (Heating)
    Cooling system
    Central Air, Electric, Multi Units, Zoned

    Building Details

    Year built
    1890
    Floors in Building
    2
    Flooring type
    Carpet, Carpet - Partial, Tile, Wood
    Building materials
    Frame, Other, See Remarks, Stone
    Roof type
    Metal, Other, See Remarks
    Architectural style
    Craftsman
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    George Dooley
    George Dooley

    Listing agent George Dooley

    Listing office Trademark Real Estate, Inc. 4262 Central Ave, Hot Springs, AR

    Listing date May 4, 2026

    MLS# 26017806 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

    • Historic 1910 Craftsman‑style bed‑and‑breakfast on 5.41 acres bordering Hot Springs National Park.
    • Fully restored with ongoing enhancements and five deluxe suites featuring fireplaces and two‑person Jacuzzi tubs.
    • Proven income‑generating property, ideal as a business venture.
    • Event‑ready spaces suitable for weddings, anniversaries, and romantic getaways.
    • Includes interior features such as an elevator, furniture, and video surveillance.
    • Exterior features include scenic walking grounds, outdoor fireplaces, landscaping, and irrigation.

    Overview

    This historic 1910 Craftsman-style bed-and-breakfast, known as Hilltop Manor, is situated on a 5.41-acre estate bordering Hot Springs National Park. The property has been fully restored with ongoing enhancements and features five deluxe suites, each equipped with fireplaces and two-person Jacuzzi tubs. A two-course breakfast is served on the porch, in the dining room, or in the suites. The grounds include scenic walking areas and outdoor fireplaces. Event-ready spaces make it suitable for weddings, anniversaries, honeymoons, and getaways. The property, with a building size of 7176 square feet, is currently operating as a business and has a history of growing income. The zoning is CR. It is located in Hot Springs, Arkansas.
    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 Restaurant

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

    Similar Places Nearby

    • Ohio Club Loft — 336A Central Ave, Hot Springs, AR 71901
    • Wildwood 1884 Bed & Breakfast — 808 Park Ave, Hot Springs, AR 71901
    • Bella Vista Bed & Breakfast — 230 Whittington Ave, Hot Springs, AR 71901
    • B Street Condos — 117 east riante, Hot Springs, AR 71913
    • Arkansas Tower Motel — 755 Park Ave, Hot Springs, AR 71901

    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 bed-and-breakfast on 5.41 acres bordering national park.
    Where is this bed & breakfast located?
    The property is located at 2009 PARK Avenue Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Historic 1910 Craftsman‑style bed‑and‑breakfast on 5.41 acres bordering Hot Springs National Park.; Fully restored with ongoing enhancements and five deluxe suites featuring fireplaces and two‑person Jacuzzi tubs.; Proven income‑generating property, ideal as a business venture.
    (501) 282-0543
    We can help!
    Listing Contact
    George Dooley
    George Dooley
    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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