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    Property profile & analytics

    1700 Central Ave Hot Springs, AR 71901

    • Retail space
    • 4,487 SF
    • 0.34 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Last Sale
    Aug 15, 2022
    $380,000
    Location Intelligence
    Property ID
    US05-2081277
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tesla BioHealing Center / Wellness Center

    Property Details for 1700 Central Ave

    Year built
    1933
    Lot size
    0.34 lot acres
    Property size
    4,487 SF
    Property type
    Retail space
    APN
    400-20250-001-001C
    APU
    40020250001001C

    Description

    This exceptional 4,487-square-foot mixed-use building, situated on a 0.34-acre lot at 1700 Central Avenue in Hot Springs, Arkansas, presents a unique investment opportunity. Built in 1933, this single-story, freestanding storefront boasts a captivating blend of classic charm and modern functionality. The property features an open floor plan ideal for versatile commercial use, complemented by several private offices, enhancing privacy and productivity. Original hardwood floors and stunning stained-glass windows add character and elegance. The building also includes an ADA-compliant ramp and restroom, a full kitchen, and a one-car garage, catering to diverse operational needs. With 100 feet of frontage on Central Avenue, this location benefits from exceptional visibility and high traffic, with over 21,000 vehicles passing daily. Zoned C-2, this property is perfectly positioned for a variety of commercial ventures, offering significant potential for growth and return. Furnishings are available for an additional cost. This is a rare opportunity to acquire a well-maintained, historically significant commercial property in a thriving Arkansas location. The asking price is $650,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $410,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $325,000
      Mixed-Use
      $370,000
      Hospitality
      $400,000
      Educational
      $430,000
      Residential Income
      $420,000
      Energy
      $330,000
      Income-Based Land
      $400,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0577
    Latitude
    34.496
    CBSA code
    26300
    CBSA name
    HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,207
    $23,310
    $25,510
    $48,820
    -
    $116,550
    $127,550
    $244,100

    Comparable in this City

    • Value Estimation by Request
      1,595 SF

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    • Value Estimation by Request
      1,552 SF

      1374 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,552 SF
      1374 Grand Ave, Hot Springs, AR 71901-3623
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    • Value Estimation by Request
      3,600 SF

      800 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      800 Grand Ave, Hot Springs, AR 71901-3635
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    • Value Estimation by Request
      413 SF

      1545 Malvern Ave

      RETAIL STORES (PERSONAL SERVICES) • 413 SF
      1545 Malvern Ave, Hot Springs, AR 71901-6507
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      1,426 SF

      412 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,426 SF
      412 Broadway St, Hot Springs, AR 71901-5449
      View Details
    • Value Estimation by Request
      2,577 SF

      719 Whittington Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,577 SF
      719 Whittington Ave, Hot Springs, AR 71901-3320
      View Details

    Similar Nearby for Sale

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      22,000+ sqft mixed-use building in the heart of Hot Springs.
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    Similar Nearby for Lease

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    1700 Central Ave
    Hot Springs, AR 71901
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    Realmo Value Estimation

    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.

    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
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