Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Near Lake Balboa Title is generated by Realmo AI

    15 Salvatierra Way, Hot Springs Village, AR 71909

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Hot Springs Village, AR

    Lot size:
    0.22 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    357
    Last Refresh:
    May 26 at 4:06 pm

    Property Features for 15 Salvatierra Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    lot 15 block 7 Salvatierra
    Tax Annual Amount
    36

    We can help!

    Listing Contact
    Michael Holdiness

    Listing agent Michael Holdiness

    Listing office RE/MAX of Hot Springs Village 1400 Desoto Blvd, Hot Springs Village, AR

    Listing date Jun 4, 2025

    MLS# 25021791 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

    • Level lot near Lake Balboa
    • Gated community
    • Access to 9 golf courses
    • Access to 12 lakes
    • Extensive amenities including walking trails, fitness center, tennis complex, pickleball courts, and outdoor pool
    • Located in Hot Springs Village

    Overview

    This level lot is located near Lake Balboa in Hot Springs Village, Arkansas. Hot Springs Village is a gated community offering a range of amenities, including nine golf courses, twelve lakes, walking trails, a state-of-the-art fitness center, a tennis complex, indoor and outdoor pickleball courts, and a new outdoor pool. The lot size is 0.22 acres. A New Member Buy-in Fee is due at closing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Kitchen & Bath Showroom Storage Facility Bar & Pub Daycare Center Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs Village
    County
    Garland
    State
    Arkansas
    Longitude
    -92.90748
    Latitude
    34.650238

    Nearby Similar for Sale

    • $339,900
      3,540 SF

      Highway Commercial Property For Sale

      Commercial building with two established tenants and additional rental potential.
      3903 N Highway 7, Hot Springs Village, AR 71909
      View Details
    • $599,900
      2,000 SF

      22 Acres with Highway Frontage

      Prime land with highway and river frontage, shop building.
      5045 Park Avenue, Hot Springs Village, AR 71913
      View Details
    • $600,000

      Land Near Hot Springs Walmart

      9 acre commercial land near Walmart in Hot Springs Village.
      3500 Block Hwy 7 N, Hot Springs Village, AR 71909
      View Details
    • $130,000

      Lake View Residential Land

      Residential land with lake views in Hot Springs Village.
      Saldana Way, Hot Springs Village, AR 71909
      View Details
    • $8,500

      Land Near Ponce de Leon Golf

      0.34 acre building site near golf course and amenities.
      4 Brilliante Circle, Hot Springs Village, AR 71909
      View Details
    • $160,000

      Secluded 19-Acre Land Parcel

      19-acre wooded land near Hot Springs Village amenities.
      00M Walnut Valley Road, Hot Springs Village, AR 71909
      View Details
    • $160,000

      19-Acre Wooded Land Parcel

      19-acre wooded tract near Hot Springs Village amenities.
      00G Walnut Valley Road, Hot Springs Village, AR 71909
      View Details
    • $175,000

      6.4 Acre Homesite in Arkansas

      6.4 acre homesite in Hot Springs Village, Arkansas.
      22 Majors Way, Hot Springs Village, AR 71913-0000
      View Details
    • $124,900

      Cleared Lot with Foundation Ready

      Ready-to-build 0.33-acre lot with foundation and utilities.
      50 Manzanares Drive, Hot Springs Village, AR 71909
      View Details
    • $20,000

      Golf Course Lot in Arkansas

      0.22 acre lot on the 17th green.
      155 Cifuentes Way, Hot Springs Village, AR 71909
      View Details
    • $4,900

      Land in Hot Springs Village

      Land near golf and Lake Balboa in Arkansas.
      4 ANDORRA CIRCLE, Hot Springs Village, AR 71909
      View Details
    • $6,500

      Wooded Lot in Gated Community

      Build your dream home in Hot Springs Village, Arkansas.
      Halago Place, Hot Springs Village, AR 71909
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level lot in gated community with many amenities.
    Where is this residential land & home lot located?
    The property is located at 15 Salvatierra Way Hot Springs Village, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level lot near Lake Balboa; Gated community; Access to 9 golf courses
    (501) 651-5600
    We can help!
    Listing Contact
    Michael Holdiness
    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
    15 Salvatierra Way, Hot Springs Village, AR 71909
    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!