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    Property profile & analytics

    130 Illinois St Hot Springs, AR 71901

    • Warehouses
    • 9,500 SF
    • 0.78 lot acres
    OFF-MARKET
    Value Estimation
    $140,000
    Last Sale
    Sep 19, 2023
    $200,000
    Location Intelligence
    Property ID
    US05-0033384
    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

    • Warehouses

    Property Details for 130 Illinois St

    Year built
    1986
    Lot size
    0.78 lot acres
    Property size
    9,500 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    400-20900-150-001
    APU
    40020900150001

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $130,000

    • CAP approach

      CAP return
      Estimation
      6%
      $130,000
      6.5%
      $115,000
      7%
      $115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $145,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $145,000
      Retail
      $130,000
      Mixed-Use
      $145,000
      Hospitality
      $135,000
      Educational
      $155,000
      Residential Income
      $150,000
      Energy
      $150,000
      Income-Based Land
      $120,000
      Food Service
      $140,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0348
    Latitude
    34.5177
    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
    $1,361
    $10,180
    $19,920
    $30,100
    -
    $50,900
    $99,600
    $150,500

    Comparable in this City

    • Value Estimation
      $1,250,000
      16,600 SF

      418 Golf Links Rd

      MINI-WAREHOUSE, STORAGE • 16,600 SF
      418 Golf Links Rd, Hot Springs, AR 71901
      View Details
    • Value Estimation
      $195,000
      7,000 SF

      2531 Grand Ave

      MINI-WAREHOUSE, STORAGE • 7,000 SF
      2531 Grand Ave, Hot Springs National Park, AR 71901-9719
      View Details
    • Value Estimation
      $445,000
      9,000 SF

      4197 Malvern Rd

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      4197 Malvern Rd, Hot Springs National Park, AR 71901-8868
      View Details
    • Value Estimation
      $250,000
      10,400 SF

      3868 Malvern Rd

      MINI-WAREHOUSE, STORAGE • 10,400 SF
      3868 Malvern Rd, Hot Springs National Park, AR 71901-9568
      View Details
    • Value Estimation
      $285,000
      6,200 SF

      4154 Park Ave

      MINI-WAREHOUSE, STORAGE • 6,200 SF
      4154 Park Ave, Hot Springs National Park, AR 71901
      View Details
    • Value Estimation by Request
      3,986 SF

      1027 Grand Ave

      MINI-WAREHOUSE, STORAGE • 3,986 SF
      1027 Grand Ave, Hot Springs, AR 71901-3632
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Industrial Space Near US Hwy 70

      Industrial space with docks and overhead doors, easy highway access.
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      View Details
    • $2,500 /Mo
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      Industrial space in Cooper Creek Industrial Park, Hot Springs, AR.
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      View Details
    • $3 SF/Yr
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    • $15 SF/Yr
      70,310 SF

      Hot Springs Office Space

      Prime Downtown Office Suites Available
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    • $875 /Mo
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      Retail Spaces Near Downtown

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
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    130 Illinois St
    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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