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Property profile & analytics
OFF-MARKET
Estimated value
$3,250,000
Hotels
135 Central Ave, Hot Springs, AR 71901-3529
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US05-2424973
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1965
Total area
101,323 SF
Lot
0.62 ac (26,833 SF)
APN
400-27250-001-000
UPID
US05-2424973
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
-
Loca Marujas Restaurant
-
Tinto de Verano Restaurant
-
Spa 135 Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$3.25M
Owner & transaction history
Central Canyon LLC · 7 yrs held
Central Canyon LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.5M
+22.8%
Medical building
$3.9M
+7.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,640,000
Current use
WAREHOUSE, STORAGE
$4,470,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$3,910,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$3.25M
Range $2.93M – $3.58M · ±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
$32 / 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
$41,095
Tax year 2024
Assessed value
$909,190
Assessed 2024
Previous assessed
$909,190
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$118,200
Assessed improvement
$790,990
Land market value
$591,000
Improvement market value
$3,954,950
Total market value
$4,545,950
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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1965
Heating
CENTRAL
Cooling
CENTRAL
Stories
10
Units
139
Total area
101,323 SF
Lot
0.62 ac (26,833 SF)
APN
400-27250-001-000
UPID
US05-2424973
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
HOTEL/MOTEL Current
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$3.9M
HOTEL/MOTEL Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1965
Heating
CENTRAL
Cooling
Yes
Stories
10
Units
139
Lot
0.62 ac
Current owner
From public records · entity-resolved
Central Canyon LLC
Entity
Mailing address
PO BOX 891, BRYANT, AR 72089-0891
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2019
$7,000,000
Central Canyon LLC
135 Central Avenue LLC
Grant Deed
related
$3,250,000 · Mjhayes Hot Springs LLC
Nov 2, 2018
$3,000,000
135 Central Avenue LLC
Mdg Ents INC
Warranty Deed
—
Feb 1, 2012
—
Mdg Ents INC
—
Deed Of Trust
related
$1,750,000 · Bank Of The Ozarks
Dec 14, 2010
—
Mdg Ents INC
—
Deed Of Trust
related
$2,000,000 · Bank Of The Ozarks
May 6, 2010
—
Mdg Ents INC Arkansas Corp
—
Deed Of Trust
related
$16,900,000 · Lcm Direct INC
Apr 7, 2010
—
Mdg Ents INC
—
Grant Deed
related
$2,000,000 · Bank Of The Ozarks
Dec 9, 2009
—
Mdg Ents INC
—
Loan Modification
related
$2,850,000 · Bank Of The Ozarks
Jun 2, 2006
$2,075,000
Mdg Ents INC
Wheatley Kenneth R Trust
Grant Deed
related
—
Apr 1, 2003
—
Wheatley,kenneth R Trust
Owner Name Unavailable
Grant Deed
related
—
—
—
Mdg Ents INC
—
Deed Of Trust
related
$500,000 · Frnaces Garey
—
—
Mdg Enterprises INC
—
Deed Of Trust
related
$600,000 · Fg Management Co LLC
—
—
Mdg Ents INC
—
Deed Of Trust
related
$2,000,000 · Bank Of The Ozarks
—
—
Mdg Ents INC
—
Loan Modification
related
$1,750,000 · Bank Of The Ozarks
—
—
Mdg Ents INC
—
Deed Of Trust
related
$3,300,000 · Fj Group LLC
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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