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    Property profile & analytics

    2518 Park Ave Fountain Lake, AR 71901-5019

    • Grocery and convenience stores
    • 4,060 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2020
    $250,000
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2168095
    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

    • Grocery and convenience stores

    Property Details for 2518 Park Ave

    Year built
    1978
    Lot size
    1.06 lot acres
    Property size
    4,060 SF
    Property type
    Grocery and convenience stores
    APN
    300-05099-000
    APU
    30005099000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $509,000
      Market price range: $256k - $1.58M
      AI Estimate
      $239,000
      Market price range: $239k - $818k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $495,000
      OFFICE BUILDING
      $320,000
      AUTO REPAIR, GARAGE
      $310,000
      RETAIL STORES
      $265,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fountain Lake
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0128
    Latitude
    34.552
    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
    $3,361
    $7,650
    $79,880
    $87,530
    -
    $38,250
    $399,400
    $437,650

    Comparable in this City

    • Value Estimation
      $1,480,000
      3,980 SF

      4198 Malvern Rd

      CONVENIENCE STORE • 3,980 SF
      4198 Malvern Rd, Hot Springs National Park, AR 71901-8851
      View Details
    • Value Estimation
      $260,000
      2,480 SF

      760 Park Ave

      CONVENIENCE STORE • 2,480 SF
      760 Park Ave, Hot Springs, AR 71901-3040
      View Details
    • Value Estimation
      $275,000
      1,998 SF

      1201 Central Ave

      CONVENIENCE STORE • 1,998 SF
      1201 Central Ave, Hot Springs, AR 71901-6032
      View Details
    • Value Estimation
      $265,000
      4,469 SF

      640 Grand Ave

      CONVENIENCE STORE • 4,469 SF
      640 Grand Ave, Hot Springs, AR 71901-4448
      View Details
    • Value Estimation by Request
      12,687 SF

      8338 Park Ave

      Individual retail properties • 12,687 SF
      8338 Park Ave, Fountain Lake, AR 71901
      View Details
    • Value Estimation
      $615,000
      2,030 SF

      1600 Malvern Ave

      CONVENIENCE STORE • 2,030 SF
      1600 Malvern Ave, Hot Springs, AR 71901-7138
      View Details

    Similar Nearby for Sale

    • $2,200,000
      4,060 SF

      High-Volume Shell C-Store For Sale

      Turnkey Shell C-Store in Hot Springs, AR with drive-thru.
      2518 Park 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
    • $275,000
      2,785 SF

      Hot Springs Commercial Location

      Retail or office space in a high-visibility location.
      815 Grand Ave, Hot Springs, AR 71901
      View Details
    • New
      Contact for pricing
      2,158 SF

      Art Deco Garage on Park Avenue

      2,158 sq ft Art Deco garage in high-visibility location.
      340 Park Ave, Hot Springs, AR 71901
      View Details
    • $650,000
      4,487 SF

      Retail Space on Central Avenue

      Retail property with high visibility and easy access.
      1700 Central Ave, Hot Springs, AR 71901
      View Details
    • $67,000
      704 SF

      Hot Springs Commercial Building For Sale

      Commercial building in high-traffic location near historic district.
      618 W Grand Ave, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      4,912 SF

      Downtown Hot Springs Retail Space

      Retail space near downtown Hot Springs, close to amenities.
      630 Malvern Ave, Hot Springs National Park, AR 71901
      View Details
    • Contact for pricing
      24,156 SF

      Visible Corner Retail Space

      Retail space with high visibility near downtown historic district.
      350 Malvern Ave, Hot Springs National Park, AR 71901
      View Details
    • $16 SF/Yr
      7,828 SF

      Retail Space in Commercial Corridor

      Former Aaron’s space in a busy commercial area.
      3364 Central Ave, Hot Springs, AR 71901
      View Details
    • $1,200 /Mo
      1,350 SF

      Retail/Office Space in Hot Springs

      Retail or office space available for lease in Hot Springs.
      913 Malvern Ave, Hot Springs, AR 71901
      View Details
    • $4,975 /Mo
      4,704 SF

      Retail Space in Hot Springs

      Retail space in growing area near downtown and convention center.
      249 Ouachita 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
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    2518 Park Ave
    Fountain Lake, AR 71901-5019
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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.

    More about this property
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