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    Property profile & analytics

    159 Grand Ave Hot Springs, AR 71901-5495

    • Drug stores
    • 13,310 SF
    • 1.18 lot acres
    OFF-MARKET
    Value Estimation
    $3,055,000
    Last Sale
    Jan 26, 2021
    $3,425,000
    Location Intelligence
    Property ID
    US05-0058964
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Amy Birdsell, PharmD / Pharmacy
    • Walgreens / Convenience Store / Cosmetics Store
    • COVID-19 Drive-thru Testing at Walgreens / Pharmacy
    • FedEx OnSite / Mailing Service

    Property Details for 159 Grand Ave

    Year built
    1994
    Lot size
    1.18 lot acres
    Property size
    13,310 SF
    Property type
    Drug stores
    APN
    400-12000-001-000C
    APU
    40012000001000C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,640,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,870,000
      6.5%
      $3,750,000
      7%
      $3,485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,775,000
      Geo Method
      $3,305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,515,000
      Retail
      $3,690,000
      Mixed-Use
      $3,210,000
      Hospitality
      $3,360,000
      Educational
      $3,150,000
      Residential Income
      $3,715,000
      Energy
      $3,355,000
      Income-Based Land
      $4,305,000
      Food Service
      $4,180,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0484
    Latitude
    34.5042
    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
    $17,334
    $60,830
    $322,660
    $383,490
    -
    $304,150
    $1,613,300
    $1,917,450

    Comparable in this City

    • Value Estimation
      $485,000
      4,108 SF

      105 Sawtooth Oak St

      DRUG STORE, PHARMACY • 4,108 SF
      105 Sawtooth Oak St, Hot Springs, AR 71901-7160
      View Details
    • Value Estimation by Request
      1,552 SF

      1374 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,552 SF
      1374 Grand Ave, Hot Springs, AR 71901-3623
      View Details
    • Value Estimation by Request
      3,600 SF

      800 Grand Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      800 Grand Ave, Hot Springs, AR 71901-3635
      View Details
    • Value Estimation by Request
      1,595 SF

      518 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,595 SF
      518 Park Ave, Hot Springs, AR 71901-3505
      View Details
    • Value Estimation by Request
      413 SF

      1545 Malvern Ave

      RETAIL STORES (PERSONAL SERVICES) • 413 SF
      1545 Malvern Ave, Hot Springs, AR 71901-6507
      View Details
    • Value Estimation by Request
      1,426 SF

      412 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 1,426 SF
      412 Broadway St, Hot Springs, AR 71901-5449
      View Details

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    Similar Nearby for Lease

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      Retail space with high visibility near downtown historic district.
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    159 Grand Ave
    Hot Springs, AR 71901-5495
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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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