Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 70 Land For Sale Title is generated by Realmo AI

    Highway 70, Hot Springs, AR 71901

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land with highway frontage near Hot Springs and Little Rock.

    Type:Land
    Added:
    Jul 2, 2024
    Days on Market:
    690
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for Highway 70

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Cole Westbrook

    Listing agent Cole Westbrook License #1234

    Listing office Davis DuBose Knight Forestry & Real Estate

    Listing date Jul 2, 2024

    Source Crexi

    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 Davis DuBose Knight Forestry & Real Estate

    HighLights

    • Over a half mile of road frontage on Highway 70.
    • Ten Mile Creek frontage along the western boundary.
    • Located 14 miles from Hot Springs and 37 miles from Little Rock.
    • 30 +/- acres recently clear cut, allowing for customized design.
    • Large native hardwoods along the creek, attracting wildlife.
    • Deer and turkey present; game sign found throughout the hardwood bottom.

    Overview

    This Garland County property features over a half mile of road frontage on Highway 70 and Ten Mile Creek frontage along the western boundary. The creek area contains large native hardwoods that support local wildlife. Deer and turkey are present in the area, and game sign was observed throughout the hardwood bottom. Approximately 30 acres were recently clear cut, providing an opportunity for customization. The property is located 14 miles from Hot Springs and 37 miles from Little Rock.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0035
    Latitude
    34.5331

    Nearby Similar for Sale

    • $875,000
      3,974 SF

      Updated Buildings in High-Traffic Location

      Two modern commercial buildings suitable for various business uses.
      207 & 209 GOLF LINKS Road, Hot Springs, AR 71901
      View Details
    • $375,000
      1,680 SF

      Hot Springs Commercial Property For Sale

      Commercial property on Albert Pike Road, suitable for various businesses.
      711 ALBERT PIKE Road, Hot Springs, AR 71913
      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
    • $169,000
      4,360 SF

      Commercial Building For Sale

      Two well-maintained buildings with expansion potential in Hot Springs, AR.
      406 GULPHA, Hot Springs, AR 71901
      View Details
    • $1,875,000
      15,000 SF

      Remodeled Commercial Building in Hot Springs

      15,000 SF remodeled building suitable for various business models.
      1100 & 1034 MALVERN Avenue, 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
    • $99,000
      3,800 SF

      Versatile Building in Hot Springs

      Brick building with road frontage, ideal for commercial or religious use.
      1107 SPRING Street, Hot Springs, AR 71901
      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
    • $2,500,000
      4,832 SF

      Hot Springs Restaurant Opportunity

      Restaurant property with remodeling allowance in thriving tourist area.
      4263 CENTRAL Avenue, Hot Springs, AR 71913
      View Details
    • $649,900
      2,070 SF

      Historic Downtown Commercial Building For Sale

      Iconic 1920 building in Historic Downtown Hot Springs, AR.
      802 CENTRAL Avenue, Hot Springs, AR 71901
      View Details

    FAQs

    What type of property is this?
    Land - Land with highway frontage near Hot Springs and Little Rock.
    Where is this land located?
    The property is located at Highway 70 Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $520,400.
    What are key features of this property?
    This property features: Over a half mile of road frontage on Highway 70.; Ten Mile Creek frontage along the western boundary.; Located 14 miles from Hot Springs and 37 miles from Little Rock.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cole Westbrook
    Real Estate License ID: 1234
    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
    Highway 70, Hot Springs, AR 71901
    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!