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

    Airport Rd Hot Springs, AR undefined

    For Sale
    Contact for pricing

    Prime Airport Rd location, high visibility, development potential.

    Property Features for 0 Airport Rd

    General Information

    Property type
    Land
    Lot Size
    724,403 SF

    We can help!

    Listing Contact
    Zach Saxion
    Zach Saxion

    Listing Agency: Moses Tucker Partners Listing Agent: Zach Saxion

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

    Learn more

    Overview

    This exceptional 16.63-acre commercial land parcel presents a unique investment opportunity in Hot Springs, Arkansas. Boasting over 1,600 feet of frontage along Airport Road, a major arterial with a daily traffic count exceeding 38,000 vehicles, this property offers unparalleled visibility and accessibility. Its strategic location provides convenient proximity to key attractions, including Lake Hamilton (1.5 miles), Oaklawn Racing Casino Resort (7 miles), and the Historic Bathhouse Row (7.5 miles), ensuring high traffic and potential for significant returns. The expansive lot size allows for a wide range of development possibilities, catering to diverse commercial ventures. Potential uses include, but are not limited to, multifamily housing, retail spaces, restaurants, hotels, and other commercial developments. This prime location and substantial acreage make this property an ideal investment for developers seeking a high-impact project in a thriving tourist destination. The property's high visibility and convenient access to major attractions make it an exceptional opportunity for a variety of commercial uses. Don't miss this chance to acquire a significant piece of Hot Springs real estate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hot Springs
    County
    Garland
    State
    Arkansas

    Nearby Similar for Sale

    • $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
    • $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
    • $454,900
      1,950 SF

      Hot Springs Farm with Renovated Home

      Three-acre farm with renovated home and multiple outbuildings.
      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
    • $1,700,000
      6,396 SF

      Versatile Estate with Income Potential

      Multi-family investment or private sanctuary with agricultural infrastructure.
      468 Rockdale Rd, 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
    • $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
    • $1,900,000
      1,308 SF

      Turnkey Cabins Near Lake Hamilton

      Fully furnished cabins, ready for immediate rental income near Lake Hamilton.
      2777 Highway 290, Hot Springs, AR 71913
      View Details

    FAQs

    What type of property is this?
    Land - Prime Airport Rd location, high visibility, development potential.
    Where is this land located?
    The property is located at Airport Rd Hot Springs, AR.
    What are key features of this property?
    This property features: ±16-acre lot with over 1,600' of frontage on Airport Road, a major Hot Springs thoroughfare.; High visibility with 38,000 VPD on Airport Road.; Close proximity to Lake Hamilton (1.5 miles), Oaklawn Racing Casino Resort (7 miles), and Historic Bathhouse Row (7.5 miles).
    (501) 428-7998 Call to check price and availability
    Request Owner's contact information
    Airport Rd Hot Springs, AR undefined
    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.
    Airport Rd
    Hot Springs, AR undefined
    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
    Airport Rd Hot Springs, AR undefined
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zach Saxion
    Zach Saxion
    Real Estate License ID: AB00076151
    (501) 428-7998 (501) 376-6555
    Learn more
    Google sign-in failed. Please try again or use another login method.