Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3088 Spring St Hot Springs, AR 71901

    • Land
    • 28.14 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3088 Spring St

    Lot size
    28.14 lot acres
    Property type
    Land

    Description

    This exceptional 28.14-acre commercial land parcel presents a unique investment opportunity in Hot Springs, Arkansas. Boasting an impressive 1,800 feet of highly visible frontage along the Hot Springs Bypass, at the intersection of the East Grand exit, and an additional 515 feet of frontage on Spring Street, this property offers unparalleled exposure. The site includes a substantial shop building, providing ample storage or workshop space. Further enhancing its versatility, the property features a freshwater pond and six RV hookups, ideal for temporary residence or recreational use. The land is fully fenced, ensuring security and privacy. Currently without zoning restrictions, this expansive tract allows for a wide range of development possibilities, from residential subdivisions to large-scale commercial ventures, including a church or significant business. The strategic location and extensive frontage make this an exceptional opportunity for investors seeking high-visibility land with significant development potential in a thriving Arkansas market. The asking price is $995,000. Located at 3088 Spring St, Hot Springs, AR 71901.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -92.9773
    Latitude
    34.5022

    Comparable in this City

    • Value Estimation by Request

      2600 Block Park Ave

      Land
      2600 Block Park Ave, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request
      1.09 Acres

      Convention Blvd

      Land • 1.09 Acres
      0 Convention Blvd, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request

      116 Bloom St

      Land
      116 Bloom St, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request

      Malvern Ave

      Land
      0 Malvern Ave, Hot Springs, AR 71901-8313
      View Details
    • Value Estimation by Request

      Park Ave Ave

      Land
      0 Park Ave Ave, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request

      1104 Park Ave

      Land
      1104 Park Ave, Hot Springs, AR 71901
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.58 Acres

      Hot Springs Commercial Land & Building

      Prime Location, High Potential, 13,647 SF
      311 Grand Ave, Hot Springs, AR 71901
      View Details
    • $249,900

      Hot Springs Commercial Land Opportunity

      High-traffic, C-4 zoned land for sale.
      2600 Block Park Ave, Hot Springs, AR 71901
      View Details
    • $150,000
      0.64 Acres

      Hot Springs Commercial Land Investment

      Prime 0.64-acre lot, C-1 zoning.
      1000 Malvern Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      1.09 Acres

      Hot Springs Commercial Land

      Prime 1-acre lot, Convention Blvd.
      0 Convention Blvd, Hot Springs, AR 71901
      View Details
    • $100,000
      7.00 Acres

      Wooded Acreage Near Chattanooga Park

      7-acre wooded parcel with utilities available in Hot Springs.
      Tbd Chattanooga St, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      8.00 Acres

      8 Acres Overlooking MLK Expy

      Two parcels totaling 8.01 acres, great location for cabins.
      Tbd Burt Trl, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • $21,480
      1,432 SF

      Hot Springs Industrial Property For Sale

      1,432 sq ft Manufacturing/Commercial Space
      1419 Central Ave, Hot Springs, AR 71901
      View Details
    • $15 SF/Yr
      70,310 SF

      Hot Springs Office Space

      Prime Downtown Office Suites Available
      835 Central Ave, Hot Springs, AR 71901
      View Details
    • $875 /Mo
      875 SF

      Retail Spaces Near Downtown

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
    • $16 SF/Yr
      10,898 SF

      Medical Office Space for Rent

      Medical office space available in Doctor’s Medical Park.
      130 Medical Park Pl, Hot Springs, AR 71901
      View Details
    • $3 SF/Yr
      101,475 SF

      Industrial Space with Secured Yard

      Industrial property featuring a secured laydown yard and rail access.
      153 Extrusion Pl, Hot Springs, AR 71901
      View Details
    • $9 SF/Yr
      1,600 SF

      Downtown Hot Springs Office Space

      Office space for lease near downtown Hot Springs.
      628 Malvern Ave, Hot Springs, AR 71901
      View Details
    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.
    3088 Spring St
    Hot Springs, AR 71901
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.