Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4 Lake Forest Shores Dr, Unit SHORES Hot Springs, AR 71913

    Sponsored
    For Sale
    $33,000

    Residential Lot - Hot Springs, AR

    Days on Market:
    492
    Last Refresh:
    Feb 7 at 1:06 am

    Property Features for 4 Lake Forest Shores Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Bentley
    Sarah Bentley

    Meyers Realty Company (501) 624-5622

    Listing agent Sarah Bentley (501) 624-5622

    Listing date Oct 4, 2024

    MLS# 24036607 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

    Residential Lot in Lake Hamilton

    This residential lot is located in a Lake Hamilton district neighborhood. Lot 4 offers privacy, lake views, and lake access with a boat ramp located across the street. Sewer and electric utilities are available at the street. The property is located behind a gated entrance and has no property owners association or restrictions. This lot is suitable for investors and builders looking to develop property in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Auto Repair Shop Kitchen & Bath Showroom Department Store Hotel & Motel Electrical Service Travel Agency Plumbing Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.17823512497
    Latitude
    34.470545930946

    Nearby Similar for Sale

    • $1,150,000
      4,300 SF

      Fenced Acreage with Home and Amenities

      Private, fenced 20+ acre property with home, pool, shop, and barn.
      417 Randall Rd, Hot Springs, AR 71913
      View Details
    • $1,200,000
      4,267 SF

      Established Hot Springs Bar for Sale

      Profitable bar and restaurant business opportunity in downtown Hot Springs.
      700 Central Ave, Hot Springs, AR 71901
      View Details
    • $1,750,000
      10,466 SF

      Historic Bed & Breakfast Opportunity

      Established bed and breakfast in a prime historic district.
      420 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • New
      $2,750,000
      48,632 SF

      Downtown Hot Springs Redevelopment Opportunity

      Historic building with retail and redevelopment potential in Hot Springs.
      260 Central Ave, Hot Springs, AR 71901
      View Details
    • $1,900,000
      22,083 SF

      Downtown Hot Springs Mixed-Use Building

      22,000+ sqft mixed-use building in the heart of Hot Springs.
      1010 Central Ave, Hot Springs, AR 71901
      View Details
    • $474,900
      1,950 SF

      Hot Springs Farm and Ranch

      Renovated 4-bedroom home on 3 acres near Lake Hamilton.
      1115 Albright Rd, Hot Springs, AR 71913
      View Details
    • $598,000
      5,000 SF

      Hot Springs Contemporary Triplex

      Never rented triplex with spacious main house and two apartments.
      106 Imperial Ct, Hot Springs, AR 71913
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Turnkey bed and breakfast near downtown Hot Springs National Park.
      318 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $1,490,000
      7,524 SF

      Turnkey Hot Springs Short-Term Rental

      Fully furnished, licensed short-term rental property in Hot Springs, AR.
      226 Prospect Ave, Hot Springs, AR 71901
      View Details
    • $559,000
      2,048 SF

      Lake Hamilton Renovated Duplex

      Renovated lakefront duplex with lake views, pier, and extra lot.
      329 Lookout Pt, Hot Springs, AR 71913
      View Details
    • $549,000
      3,488 SF

      Updated Duplexes Backing National Forest

      Two updated duplexes with forest views and strong rental income.
      167-169 & Xxx Crst St, Hot Springs, AR 71901
      View Details
    • $1,275,000
      7,776 SF

      Lakeside 6-Unit Investment Property

      Remodeled 2-bed, 2-bath units on Lake Hamilton.
      110-113 Mccurry Ter, Hot Springs, AR 71913
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot with lake views and access in Hot Springs.
    Where is this land located?
    The property is located at 4 Lake Forest Shores Dr, Unit SHORES Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $33,000.
    What are key features of this property?
    This property features: - Lake Hamilton School District location; - Enjoy lake views and convenient lake access via the boat ramp across the street.; - Sewer and electric utilities available at the street.
    (501) 520-1505
    Request Owner's contact information
    4 Lake Forest Shores Dr, Unit SHORES Hot Springs, AR 71913
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4 Lake Forest Shores Dr, Unit SHORES
    Hot Springs, AR 71913
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4 Lake Forest Shores Dr, Unit SHORES Hot Springs, AR 71913
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sarah Bentley
    Sarah Bentley
    (501) 520-1505
    Learn more
    Google sign-in failed. Please try again or use another login method.