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Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Hospitals
1401 Park Ave, Hot Springs, AR 71901-2812
Entity Owned
2-yr Hold
Free & Clear
Property ID
US05-0393364
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1955
Total area
35,510 SF
Lot
1.54 ac (67,170 SF)
APN
400-48100-002-000
UPID
US05-0393364
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
-
Aegis Therapies Physician
-
The Springs Park Avenue Nursing Home Rehabilitation Center
-
Golden Livingcenter-Hot Spgs Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$990k
Owner & transaction history
Canyon Springs Healthcare LLC · 2 yrs held
Canyon Springs Healthcare LLC
since 2023
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.6M
+14.3%
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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,370,000
Current use
WAREHOUSE, STORAGE
$1,565,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$28 / 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
$29,430
Tax year 2024
Assessed value
$651,110
Assessed 2024
Previous assessed
$651,110
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$11,000
Assessed improvement
$640,110
Land market value
$55,000
Improvement market value
$3,200,550
Total market value
$3,255,550
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1955
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
140
Total area
35,510 SF
Lot
1.54 ac (67,170 SF)
APN
400-48100-002-000
UPID
US05-0393364
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
MEDICAL BUILDING Current
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.6M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
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
1955
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
140
Lot
1.54 ac
Current owner
From public records · entity-resolved
Canyon Springs Healthcare LLC
Entity
Free & Clear · 2 yrs held
Mailing address
362 E KENNEDY BLVD, LAKEWOOD, NJ 08701-1434
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
—
Canyon Springs Healthcare LLC
Yellville Master Tenant LLC
Assignment Of Sub Lease
—
Apr 5, 2022
—
Slc Operations Master Tenant LLC
1401 Park Avenue LLC
Lease
—
Apr 5, 2022
$5,724,000
Canyon Springs Realty Holdings LLC
1401 Park Avenue LLC
Special Warranty Deed
$71,500,000 · Greystone Monticello Funding Sh 52
Mar 20, 2013
—
1401 Park Avenue LLC
Senior Living Cmntys Of Arkansas
Warranty Deed
related
$6,115,300 · Berkadia Commercial Mortgage
Jun 30, 2009
—
1401 Park Avenue LLC
Gph Hot Springs LLC
Quit Claim Deed
related
$6,291,900 · Column Guaranteed LLC
Apr 6, 2006
$2,870,000
Gph Hot Springs LLC
Vantage Healthcare Corp
Grant Deed
$1,200,000,000 · Column Financial INC
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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