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    Property profile & analytics

    1020 Grand Ave Hot Springs, AR 71901-3631

    • Turn key restaurants
    • 614 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 18, 2022
    Location Intelligence
    Property ID
    US05-2166270
    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

    • Frosty Treat / Hamburger Restaurant

    Property Details for 1020 Grand Ave

    Year built
    1951
    Lot size
    0.11 lot acres
    Property size
    614 SF
    Property type
    Turn key restaurants
    APN
    400-44050-017-000
    APU
    40044050017000

    Value Estimation

    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
    -93.0384
    Latitude
    34.5151
    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
    $306
    $2,880
    $3,880
    $6,760
    -
    $14,400
    $19,400
    $33,800

    Comparable in this City

    • Value Estimation by Request
      880 SF

      207 Pleasant St

      RESTAURANT • 880 SF
      207 Pleasant St, Hot Springs, AR 71901-4110
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    • Value Estimation
      $305,000
      3,130 SF

      1521 Malvern Ave

      RESTAURANT • 3,130 SF
      1521 Malvern Ave, Hot Springs, AR 71901-6570
      View Details
    • Value Estimation
      $395,000
      3,306 SF

      4195 Malvern Rd

      RESTAURANT • 3,306 SF
      4195 Malvern Rd, Hot Springs National Park, AR 71901-8868
      View Details
    • Value Estimation
      $335,000
      11,596 SF

      432 Ouachita Ave

      RESTAURANT • 11,596 SF
      432 Ouachita Ave, Hot Springs, AR 71901-5129
      View Details
    • Value Estimation
      $470,000
      22,984 SF

      719 Central Ave

      RESTAURANT • 22,984 SF
      719 Central Ave, Hot Springs, AR 71901-5334
      View Details
    • Value Estimation
      $235,000
      4,125 SF

      101 Central Ave

      RESTAURANT • 4,125 SF
      101 Central Ave, Hot Springs, AR 71901-3529
      View Details

    Similar Nearby for Sale

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      4,267 SF

      Established Hot Springs Bar for Sale

      Profitable bar and restaurant business opportunity in downtown Hot Springs.
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    • $960,000
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      Updated Venue in Downtown Hot Springs

      Updated venue in historic district, suitable for various uses.
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      Historic Downtown Commercial Building For Sale

      Iconic 1920 building in Historic Downtown Hot Springs.
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    Similar Nearby for Lease

    • $1,800 /Mo
      1,550 SF

      Versatile Commercial Space For Lease

      1,550 sq ft commercial space in high-traffic area.
      2350 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
    • $2,500 /Mo
      2,500 SF

      Retail Spaces Available for Lease

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
    • $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
    • $7 SF/Yr
      13,758 SF

      Hot Springs Mixed-Use Office Space

      Prime Hot Springs location, multiple suites available.
      622 Malvern Ave, Hot Springs, AR 71901
      View Details
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    1020 Grand Ave
    Hot Springs, AR 71901-3631
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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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