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    Property profile & analytics

    1008 Central Ave Hot Springs, AR 71901

    • Theaters & concert halls
    • 9,252 SF
    • 0.20 lot acres
    For Sale
    View listing
    $960,000
    Value Estimation
    Last Sale
    Dec 31, 2020
    $202,000
    Location Intelligence
    Property ID
    US05-2166186
    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

    • Historic Central Theater / Performing Arts Theater / Movie Theater
    • Hot Springs Central Cabaret & Nightclub / Performing Arts Theater / Video Editing Service
    • Tasteful Noods / Ramen Restaurant / Asian Fusion Restaurant

    Property Details for 1008 Central Ave

    Year built
    1927
    Lot size
    0.20 lot acres
    Property size
    9,252 SF
    Property type
    Theaters & concert halls
    APN
    400-26150-020-000
    APU
    40026150020000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $190,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $265,000
      7%
      $250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $265,000
      Retail
      $305,000
      Mixed-Use
      $290,000
      Hospitality
      $225,000
      Educational
      $255,000
      Residential Income
      $305,000
      Energy
      $305,000
      Income-Based Land
      $230,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0552
    Latitude
    34.5065
    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
    $3,460
    $38,340
    $51,660
    $90,000
    -
    $191,700
    $258,300
    $450,000

    Comparable in this City

    • Value Estimation by Request
      14,030 SF

      170 Ravine St

      THEATER (MOVIE) • 14,030 SF
      170 Ravine St, Hot Springs, AR 71901-3516
      View Details
    • Value Estimation
      $470,000
      28,023 SF

      811 Central Ave

      THEATER (MOVIE) • 28,023 SF
      811 Central Ave, Hot Springs, AR 71901-5397
      View Details
    • Value Estimation
      $235,000
      9,774 SF

      701 Central Ave

      THEATER (MOVIE) • 9,774 SF
      701 Central Ave, Hot Springs, AR 71901-5334
      View Details
    • Value Estimation by Request
      0.06 Acres

      Highland St

      VACANT COMMERCIAL LAND • 0.06 Acres
      Highland St, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request
      0.07 Acres

      Hillwood St

      VACANT COMMERCIAL LAND • 0.07 Acres
      Hillwood St, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request
      0.41 Acres

      206 Hollywood Ave

      VACANT COMMERCIAL LAND • 0.41 Acres
      206 Hollywood Ave, Hot Springs, AR 71901-7055
      View Details

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    Similar Nearby for Lease

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    1008 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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