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    Versatile Estate: Multi-Family & Equestrian Title is generated by Realmo AI

    468 ROCKDALE ROAD, Hot Springs, AR 71901

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    For Sale
    $1,700,000

    MULTI_FAMILY - Hot Springs, AR

    Property size:
    6,396 SF
    Lot size:
    12.00 Acres
    Price / SF:
    $265/SF
    Added:
    Feb 6, 2026
    Days on Market:
    104
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 468 ROCKDALE ROAD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Interior features
    Window Treatments
    Exterior features
    Storage Building, Additional Outbuildings
    Standard status
    Active
    Size
    6,396 SF
    Lot size
    12.00 Acres

    Taxes and HOA fees

    Tax Description
    Sec 06 Twp 02S Rng 18W
    Tax Annual Amount
    2000

    Building Details

    Year built
    2014
    Flooring type
    Vinyl
    Architectural style
    Other
    Additional Structures
    Storage, Outbuilding

    We can help!

    Listing Contact
    Greg Calaway
    Greg Calaway

    Listing agent Greg Calaway

    Listing office Baxley-Penfield-Moudy Realtors 3525 Highway 5 N Suite 100, Benton, AR

    Listing date Feb 6, 2026

    MLS# 26005066

    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

    • Substantial Income Potential: Six or more rental units provide a steady income stream.
    • Premium Agricultural Infrastructure: Features a professional‑grade six‑stall barn with high‑quality flooring and Dutch doors, plus a dedicated workshop.
    • Ample Climate‑Controlled Storage: Includes a large, multi‑bay shop and a detached garage.
    • Scenic Stocked Pond: A tranquil focal point enhancing the meticulously landscaped grounds.
    • Multi‑Family Investment or Private Sanctuary: Versatile property suitable for various residential and investment purposes.
    • Additional Outbuildings: Provides extra storage and utility.

    Overview

    This expansive 12-acre estate in Hot Springs, AR, offers a combination of residential and agricultural infrastructure. The property is suited as a multi-family investment or a private sanctuary. It includes six or more rental units, ranging from a 2-bedroom, 1-bath farmhouse to two 2-bedroom, 2-bath units and three 3-bedroom, 2-bath mobile homes, providing a steady income stream. A scenic, stocked pond serves as a focal point for the landscaped grounds. A large, multi-bay shop and a detached garage offer climate-controlled space for vehicle maintenance, equipment storage, or collections. Equestrian facilities include a professional-grade six-stall barn with high-quality flooring and Dutch doors for ventilation. The barn is integrated with a dedicated workshop, suitable for farrier work, tool repairs, or creative projects. The property provides 6396 square feet of space and balances residential living with farm utility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -92.981055
    Latitude
    34.587004

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    FAQs

    What type of property is this?
    Horse & equestrian property - Multi-family estate with rental units, equestrian facilities, and acreage.
    Where is this horse & equestrian property located?
    The property is located at 468 ROCKDALE ROAD Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Substantial Income Potential: Six or more rental units provide a steady income stream.; Premium Agricultural Infrastructure: Features a professional‑grade six‑stall barn with high‑quality flooring and Dutch doors, plus a dedicated workshop.; Ample Climate‑Controlled Storage: Includes a large, multi‑bay shop and a detached garage.
    (501) 529-1921
    We can help!
    Listing Contact
    Greg Calaway
    Greg Calaway
    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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