Property profile & analytics
340 Park Ave Hot Springs, AR 71901
This is a 2,158 square foot Art Deco garage located on Park Avenue (Highway 7) and along a public bus route. The property is zoned Central Business District and features three garage stalls with overhead doors, a lobby, kitchenette, bathroom, floored attic storage, and a porte-cochere. It features a replaced roof, updated air conditioning, paint, and an on-demand hot water heater. It is suitable for a variety of commercial or creative uses, including a studio, workshop, showroom, potential restaurant, or office. The property is located in Hot Springs, AR, in Garland County. The lot size is 0.1 acres.
- Auto shops
- 2,158 SF
- 0.10 lot acres
For Sale
View listing
$1,400
Value Estimations
Cap Rate Potential
4%
Auto shops
Location Intelligence
Property ID
US05-2166188
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Air-FX / Furnace Repair Service / Air Conditioning Contractor
Property Details for 340 Park Ave
- Year built
- 1945
- Lot size
- 0.10 lot acres
- Property size
- 2,158 SF
- Property type
- Auto shops
- APN
- 400-28150-004-000
- APU
- 40028150004000
Property Overview
This is a 2,158 square foot Art Deco garage located on Park Avenue (Highway 7) and along a public bus route. The property is zoned Central Business District and features three garage stalls with overhead doors, a lobby, kitchenette, bathroom, floored attic storage, and a porte-cochere. It features a replaced roof, updated air conditioning, paint, and an on-demand hot water heater. It is suitable for a variety of commercial or creative uses, including a studio, workshop, showroom, potential restaurant, or office. The property is located in Hot Springs, AR, in Garland County. The lot size is 0.1 acres.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $210,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $140,000
- 6.5%
- $130,000
- 7%
- $120,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $265,000
- RETAIL STORES
- $210,000
- OFFICE BUILDING
- $195,000
- AUTO REPAIR, GARAGE
- $125,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hot Springs
- County
- Garland
- State
- Arkansas
- Longitude
- -93.0543
- Latitude
- 34.5223
- CBSA code
- 26300
- CBSA name
- HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$756
$4,490
$15,170
$19,660
-
$22,450
$75,850
$98,300
