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Property profile & analytics
OFF-MARKET
Warehouses
130 Illinois St Hot Springs, AR 71901
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0033384
Property summary
AI-generated overview
This vacant, 8,500 square foot flex/warehouse property in Hot Springs, Arkansas, offers a compelling value-add investment opportunity. Located on 0.78 acres at 130 Illinois St, this two-building, single-story complex features 68 units and boasts a pro-forma cap rate of 15.82% and a pro-forma NOI of $63,115. Built in 1986, the property is zoned for mini-warehouse use and benefits from high visibility due to its location near Highway 70. Recent capital improvements enhance its appeal. The asking price is $399,000, translating to $46.94 per square foot and $5,867.65 per unit. The property's location in the vibrant Hot Springs MSA, known for its tourism and attractions, presents significant potential for future growth and strong returns. The property is currently vacant, allowing for immediate implementation of a leasing strategy. This is a gross lease property. APN: 400-20900-150-001.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Total area
9,500 SF
Lot
0.78 ac (33,933 SF)
APN
400-20900-150-001
UPID
US05-0033384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clear Choice Estates LLC · 1 yrs held
Clear Choice Estates LLC
since 2025
Last sale
$200,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hot Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,361
Tax year 2024
Assessed value
$30,100
Assessed 2024
Previous assessed
$30,100
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$10,180
Assessed improvement
$19,920
Land market value
$50,900
Improvement market value
$99,600
Total market value
$150,500
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
NONE
Stories
1
Units
64
Total area
9,500 SF
Lot
0.78 ac (33,933 SF)
APN
400-20900-150-001
UPID
US05-0033384
Jurisdiction
GARLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
1
Units
64
Lot
0.78 ac
Current owner
From public records · entity-resolved
Clear Choice Estates LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11495 NW 79TH LN, DORAL, FL 33178-1404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Clear Choice Estates LLC
Prospora Capital Holdings LLC
Warranty Deed
—
Sep 19, 2023
$200,000
Mc Investments USA LLC
100 Illinois Hot Springs Ar LLC
Warranty Deed
$175,000 · Gabriel Petersen
Oct 15, 2021
$150,000
100 Illinois Street Hot Springs Ar
Jeffrey Ethridge
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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