Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1204 Central Ave Hot Springs, AR 71901-6031

    • Motels
    • 30,368 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $1,265,000
    Last Sale
    Aug 23, 2021
    $1,420,000
    Location Intelligence
    Property ID
    US05-2218381
    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

    • Lotus By Hotel Inn / Hotel / Inn
    • ¡Ay Güey! Pollos y Carnes al Carbon / Mobile Caterer
    • All South AC, Heating & Refrigeration / Hvac Contractor / Air Conditioning Contractor

    Property Details for 1204 Central Ave

    Year built
    1959
    Lot size
    0.29 lot acres
    Property size
    30,368 SF
    Property type
    Motels
    APN
    400-69000-001-000
    APU
    40069000001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,095,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,465,000
      6.5%
      $1,360,000
      7%
      $1,315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,645,000
      Geo Method
      $1,580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,550,000
      Retail
      $1,530,000
      Mixed-Use
      $1,440,000
      Hospitality
      $1,390,000
      Educational
      $1,455,000
      Residential Income
      $1,240,000
      Energy
      $1,345,000
      Income-Based Land
      $1,145,000
      Food Service
      $1,465,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0567
    Latitude
    34.5029
    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
    $10,467
    $9,000
    $222,560
    $231,560
    -
    $45,000
    $1,112,800
    $1,157,800

    Comparable in this City

    • Value Estimation by Request
      859 SF

      803 Mineral St

      Motels • 859 SF
      803 Mineral St, Hot Springs, AR 71901
      View Details
    • Value Estimation
      $535,000
      17,424 SF

      1525 Central Ave

      MOTEL • 17,424 SF
      1525 Central Ave, Hot Springs, AR 71901-6147
      View Details
    • Value Estimation
      $2,630,000
      28,200 SF

      2208 Central Ave

      MOTEL • 28,200 SF
      2208 Central Ave, Hot Springs, AR 71901-6946
      View Details
    • Value Estimation
      $335,000
      4,804 SF

      2101 Central Ave

      MOTEL • 4,804 SF
      2101 Central Ave, Hot Springs, AR 71901-6909
      View Details
    • Value Estimation
      $380,000
      12,420 SF

      1109 Grand Ave

      MOTEL • 12,420 SF
      1109 Grand Ave, Hot Springs, AR 71901
      View Details
    • Value Estimation
      $915,000
      7,209 SF

      638 Ouachita Ave

      MOTEL • 7,209 SF
      638 Ouachita Ave, Hot Springs, AR 71901-3920
      View Details

    Similar Nearby for Sale

    • $1,850,000
      8,974 SF

      Historic Motor Lodge in Hot Springs

      Charming 19-room boutique motor lodge in historic district.
      741 Park Ave, Hot Springs, AR 71901
      View Details
    • $1,000,000
      6,396 SF

      Historic Hot Springs Motel Court

      16-unit motel with residence and office on historic registry.
      857 Park Ave, Hot Springs, AR 71901
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Turnkey bed and breakfast near downtown Hot Springs National Park.
      318 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $925,000
      5,813 SF

      Victorian Bed & Breakfast Opportunity

      Historic Victorian bed and breakfast or private residence on 1+ acre.
      808 Park Ave, Hot Springs, AR 71901
      View Details
    • $2,300,000
      7,176 SF

      Hot Springs Bed & Breakfast Estate

      Restored 1910 Craftsman on 5.5 acres near National Park.
      2009 Park Ave, Hot Springs, AR 71901
      View Details
    • $1,750,000
      10,466 SF

      Historic Bed & Breakfast Opportunity

      Established bed and breakfast in a prime historic district.
      420 Quapaw Ave, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      70,310 SF

      Hot Springs Office Space

      Prime Downtown Office Suites Available
      835 Central Ave, Hot Springs, AR 71901
      View Details
    • $16 SF/Yr
      10,898 SF

      Medical Office Space for Rent

      Medical office space available in Doctor’s Medical Park.
      130 Medical Park Pl, Hot Springs, AR 71901
      View Details
    • $3 SF/Yr
      101,475 SF

      Industrial Space with Secured Yard

      Industrial property featuring a secured laydown yard and rail access.
      153 Extrusion Pl, Hot Springs, AR 71901
      View Details
    • $9 SF/Yr
      1,600 SF

      Downtown Hot Springs Office Space

      Office space for lease near downtown Hot Springs.
      628 Malvern 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
    • $21,480
      1,432 SF

      Hot Springs Industrial Property For Sale

      1,432 sq ft Manufacturing/Commercial Space
      1419 Central Ave, Hot Springs, AR 71901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1204 Central Ave
    Hot Springs, AR 71901-6031
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.