New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Office buildings
135 Amity Rd Ste B, Hot Springs National Park, AR 71913-2394
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0775250
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
8,230 SF
Lot
0.58 ac (25,352 SF)
APN
200-50500-013-000C
UPID
US05-0775250
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
Current use
Occupant on record · Public records
-
Elite Hospice Medical Clinic
-
ELITE HOSPICE Hospice of Central Arkansas Nursing Home
-
Elite Home Health of Hot Springs Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.05M
Owner & transaction history
Modi Family Trust · 9 yrs held
Modi Family Trust
since 2016
7 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 National Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs National Park 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,295,000
7%
$1,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,160,000
Current use
COMMERCIAL (GENERAL)
$1,005,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
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
$7,966
Tax year 2024
Assessed value
$179,470
Assessed 2024
Previous assessed
$179,470
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$20,270
Assessed improvement
$159,200
Land market value
$101,350
Improvement market value
$796,000
Total market value
$897,350
Applied tax rate
90.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,230 SF
Lot
0.58 ac (25,352 SF)
APN
200-50500-013-000C
UPID
US05-0775250
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Modi Family Trust
Trust
Mailing address
5506 CENTRAL AVE, HOT SPRINGS, AR 71913-9712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
—
Modi Family Trust
—
Deed
related
$500,000 · Diamond Bk
Nov 8, 2016
—
Modi Family Trust
Modi,rameshchandra N & Manjulaben R
Quit Claim Deed
related
—
Jan 6, 2015
$110,000
Manjulaben R Modi
Harps Food Stores INC
Warranty Deed
$110,000 · First Nat'l Bk
Nov 14, 2014
—
Harps Food Stores INC
—
Loan Modification
related
$101,250,000 · Bank Of America
Dec 27, 2012
$800,000
Harps Food Stores INC
Fish Investments LLC
Grant Deed
$95,250,000 · Bank Of America
May 17, 2007
—
Fish Investments LLC
—
Trustees Deed
related
$100,000 · Summit Bank
Jun 15, 2006
$115,000
Fish Investments LLC
Downie,franklin L & Wanita
Warranty Deed
—
—
—
Manjulaben R Modi
—
Deed Of Trust
related
$88,000 · Diamond Bk
—
—
Modi Family Trust
—
Deed Of Trust
related
$500,000 · Diamond Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 135 Amity Rd Ste B?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
