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    Property profile & analytics

    101 Lookout Pt Hot Springs, AR 71913

    • Commercial real estate
    • 2.59 lot acres
    For Sale
    View listing
    $698,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0105393
    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

    • Commercial real estate

    Property Details for 101 Lookout Pt

    Lot size
    2.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2.59-acre property, located at 101 Lookout Point in Hot Springs, Arkansas (zip code 71913), presents a unique development opportunity on the shores of Lake Hamilton. Boasting 592 feet of stunning lake frontage, this land offers unparalleled views and a highly desirable location. The property is zoned as "No Zoning," providing flexibility for a wide range of development possibilities. Envision a multifamily residential complex, a luxurious hotel, a lakeside restaurant, or a combination of uses to capitalize on this prime real estate. The expansive lot size and exceptional lake views make this a truly rare find. The asking price is $2,095,000. Its location in Garland County, Arkansas, offers easy access to local amenities and attractions. The property's versatility and breathtaking location make it an ideal investment for developers seeking a high-impact project with significant potential for return. This is a rare chance to acquire a substantial piece of Lake Hamilton waterfront property ready for your vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Hamilton
    County
    Garland
    State
    Arkansas
    Longitude
    -93.084238129355
    Latitude
    34.428596855938

    Comparable in this City

    • $825,000
      0.61 Acres

      Lakefront Multi-Family Income Opportunity

      Lake Hamilton multi-family property with lake views and rental opportunities.
      108 Cedar Point Rd, Hot Springs, AR 71913
      View Details
    • $575,000
      75.86 Acres

      Hot Springs Land: 75 Acres

      Prime Arkansas acreage, near downtown.
      0 Wildcat Rd, Hot Springs, AR 71913
      View Details
    • $400,000
      10.00 Acres

      Hot Springs Acreage Ready to Build

      10+/- acres in Hot Springs, ready for construction.
      166 Thornton Ferry Rd, Hot Springs, AR 71913
      View Details
    • $264,900
      0.49 Acres

      Lake Hamilton Residential Land

      0.49-acre lot with lake views. Build your dream home!
      0 Catalina Cir, Hot Springs, AR 71913
      View Details
    • $1,200,000
      1.92 Acres

      Commercial Land with Highway Frontage

      1.92 acre commercial land with high traffic and visibility.
      1347 Airport Rd, Hot Springs, AR 71913
      View Details
    • $252,000

      Lake Hamilton Condo at Sunbay

      Fully furnished, wheelchair accessible condo near Lake Hamilton. Turn-key investment.
      151 Peters Pt, Hot Springs, AR 71913
      View Details

    Similar Nearby for Sale

    • $825,000
      0.61 Acres

      Lakefront Multi-Family Income Opportunity

      Lake Hamilton multi-family property with lake views and rental opportunities.
      108 Cedar Point Rd, Hot Springs, AR 71913
      View Details
    • $575,000
      75.86 Acres

      Hot Springs Land: 75 Acres

      Prime Arkansas acreage, near downtown.
      0 Wildcat Rd, Hot Springs, AR 71913
      View Details
    • $400,000
      10.00 Acres

      Hot Springs Acreage Ready to Build

      10+/- acres in Hot Springs, ready for construction.
      166 Thornton Ferry Rd, Hot Springs, AR 71913
      View Details
    • $264,900
      0.49 Acres

      Lake Hamilton Residential Land

      0.49-acre lot with lake views. Build your dream home!
      0 Catalina Cir, Hot Springs, AR 71913
      View Details
    • $1,200,000
      1.92 Acres

      Commercial Land with Highway Frontage

      1.92 acre commercial land with high traffic and visibility.
      1347 Airport Rd, Hot Springs, AR 71913
      View Details
    • $252,000

      Lake Hamilton Condo at Sunbay

      Fully furnished, wheelchair accessible condo near Lake Hamilton. Turn-key investment.
      151 Peters Pt, Hot Springs, AR 71913
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Furnished Condo on Lake Hamilton

      Remodeled, furnished 2-bedroom condo in gated lakeside community.
      402 Halteria Ln, Hot Springs, AR 71913
      View Details
    • $2,400 /Mo

      Furnished Condo on Lake Hamilton

      Newly remodeled, fully furnished 2-bedroom condo in gated community.
      402 Halteria Ln, Hot Springs, AR 71913
      View Details
    • $3,000 /Mo

      Furnished Condo with Boat Slip

      Updated condo with utilities, POA dues, and boat slip included.
      200 Hamilton Oaks Dr, Hot Springs, AR 71913
      View Details
    • $18 SF/Yr
      31,716 SF

      Hot Springs Office Space Available

      Prime Hot Springs location, multiple office suites.
      135 Section Line Rd, Hot Springs, AR 71913
      View Details
    • $15 SF/Yr
      5,550 SF

      Office Space Near CHI Hospital

      5,550 SF office suite near CHI St. Vincent Hospital.
      115 Wrights St, Hot Springs, AR 71913
      View Details
    • $17 SF/Yr
      11,672 SF

      Medical Office Near CHI St. Vincent’s

      Medical office near hospital with private parking and storage.
      225 Mcauley Ct, Hot Springs, AR 71913
      View Details
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    101 Lookout Pt
    Hot Springs, AR 71913
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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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