Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    119 Bluebird Lane, Hot Springs, AR 71913

    View on Map
    Claim this Listing
    For Sale
    $1,420,000

    Land available for purchase.

    Type:Land
    Added:
    Oct 5, 2020
    Days on Market:
    2068
    Last Refresh:
    Apr 4 at 12:37 am

    Property Features for 119 Bluebird Lane

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Fay Garner
    Fay Garner

    Listing agent Fay Garner License #SA00043682

    Listing office Hot Springs Realty

    Listing date Oct 5, 2020

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hot Springs Realty

    HighLights

    • Lake View
    • Located on Bluebird Lane
    • Property accessible from Bluebird Lane
    • Property located in Garland County
    • Directions provided from 70‑W (Airport Rd)
    • Property borders water

    Overview

    The property is located off of Bluebird Lane in Garland County. To reach the property, take 70-W (Airport Rd) to a left onto Adcock, then a left onto Marion Anderson, and finally a left onto Bluebird Lane. The property extends the full length of Bluebird Lane on the left side to the water.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Department Store Food Market HVAC Service Grocery & Convenience Store Discount Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.131638
    Latitude
    34.446939

    Nearby Similar for Sale

    • $169,000
      4,360 SF

      Versatile Commercial Property in Hot Springs

      Two well-maintained buildings on 0.75 acres near downtown.
      406 GULPHA, Hot Springs, AR 71901
      View Details
    • $1,850,000
      7,176 SF

      Historic Bed-and-Breakfast on 5.41 Acres

      Restored 1910 Craftsman-style bed-and-breakfast bordering Hot Springs National Park.
      2009 PARK Avenue, Hot Springs, AR 71901
      View Details
    • $385,000
      2,476 SF

      Versatile Commercial Property in Hot Springs

      Turnkey commercial property with high visibility and flexible business potential.
      140 Amity Rd, Hot Springs, AR 71913
      View Details
    • $994,400
      13,846 SF

      Multifamily Investment Opportunity Near Lake Hamilton

      19-unit multifamily property near Lake Hamilton in Hot Springs, AR.
      5703 CENTRAL AVENUE, Hot Springs, AR 71913
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Well-maintained 1905 home near downtown Hot Springs.
      318 Quapaw Avenue, Hot Springs, AR 71901
      View Details
    • $1,250,000
      11,206 SF

      Modern Multifamily Investment Opportunity

      New construction multifamily property near Lake Hamilton.
      105 & 109 Pocola, Hot Springs, AR 71913-0000
      View Details
    • $375,000
      1,680 SF

      Hot Springs Commercial Property For Sale

      Commercial property in high-traffic location, suitable for various businesses.
      711 ALBERT PIKE Road, Hot Springs, AR 71913
      View Details
    • $750,000
      63,162 SF

      Prime Commercial Land in Hot Springs

      Excellent visibility, high traffic, and multiple access points.
      HIGDON FERRY, Hot Springs, AR 71913
      View Details
    • $1,250,000
      10,890 SF

      Duplex and Single-Family Income Property

      Built in 2023 featuring three modern duplexes plus a single-family home, designed for strong rental demand.
      105 & 109 POCOLA, Hot Springs, AR 71913-0000
      View Details
    • $1,900,000
      9,264 SF

      Turnkey Cabins Near Lake Hamilton

      Fully furnished cabins, ready for immediate rental income generation.
      2777 Highway 290, Hot Springs, AR 71913
      View Details
    • $1,200,000
      840 SF

      Hot Springs Multifamily Investment Opportunity

      Mobile home park with 16 units near Lake Hamilton.
      100 Springwood Road, Hot Springs, AR 71913
      View Details
    • $2,150,000
      22,083 SF

      Downtown Hot Springs Mixed-Use Building

      22,000+ sqft mixed-use building in the heart of Hot Springs.
      1010 CENTRAL Avenue, Hot Springs, AR 71901
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase.
    Where is this land located?
    The property is located at 119 Bluebird Lane Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,420,000.
    What are key features of this property?
    This property features: Lake View; Located on Bluebird Lane; Property accessible from Bluebird Lane
    (501) 318-7392
    We can help!
    Listing Contact
    Fay Garner
    Fay Garner
    Real Estate License ID: SA00043682
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    119 Bluebird Lane, Hot Springs, AR 71913
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!