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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1640 Airport Rd Hot Springs, AR 71913-7950

    • Retail properties
    • 41,252 SF
    • 8.34 lot acres
    OFF-MARKET
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2240410
    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

    • Walmart Drive Thru Testing / Medical Laboratory
    • Walmart Neighborhood Market / Grocery & Convenience Store / Food Market
    • TNT Fireworks / Discount Store / Party Supply Store
    • Walmart Home Theater Installation / Electrical Service / General Contractor
    • Walmart Patio & Garden Services / Landscaping / General Contractor

    Property Details for 1640 Airport Rd

    Year built
    2016
    Lot size
    8.34 lot acres
    Property size
    41,252 SF
    Property type
    Retail properties
    APN
    100-13796-000C
    APU
    10013796000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,200,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.1414
    Latitude
    34.4684
    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
    $51,263
    $186,800
    $983,590
    $1,170,390
    -
    $934,000
    $4,917,950
    $5,851,950

    Comparable in this City

    • Value Estimation by Request
      11.53 Acres

      2088 Airport Rd

      Land • 11.53 Acres
      2088 Airport Rd, Hot Springs, AR 71913
      View Details
    • Value Estimation by Request
      5,250 SF

      2918 Central Ave

      Restaurants • 5,250 SF
      2918 Central Ave, Hot Springs, AR 71913
      View Details
    • Value Estimation by Request
      6,174 SF

      3140 Central Ave

      ROADSIDE MARKET • 6,174 SF
      3140 Central Ave, Hot Springs, AR 71913-6144
      View Details
    • Value Estimation
      $830,000
      81,839 SF

      4407 Central Ave

      ROADSIDE MARKET • 81,839 SF
      4407 Central Ave, Hot Springs, AR 71913-7253
      View Details
    • Value Estimation by Request
      3,375 SF

      620 Greenwood Ave

      NURSERY, GREENHOUSE, FLORIST • 3,375 SF
      620 Greenwood Ave, Hot Springs, AR 71913-4311
      View Details
    • Value Estimation
      $840,000
      62,898 SF

      215 Airport Rd

      ROADSIDE MARKET • 62,898 SF
      215 Airport Rd, Hot Springs, AR 71913-4060
      View Details

    Similar Nearby for Sale

    • $3,000,000
      36,610 SF

      70 West Shopping Center: Hot Springs, AR

      Prime Retail Center: Vacant, High Traffic
      207 Airport Rd, Hot Springs, AR 71913
      View Details
    • $675,000
      11.53 Acres

      Hot Springs Commercial Land Investment

      11.53 Acres, Two Buildings, High Traffic
      2088 Airport Rd, Hot Springs, AR 71913
      View Details
    • $2,100,000
      15,000 SF

      Remodeled Building in Hot Springs

      15,000 SF remodeled building suitable for various business models.
      1100 Malvern Ave, Hot Springs, AR 71913
      View Details
    • $119,000
      1,842 SF

      Hot Springs Mixed-Use Opportunity

      Mixed-use property with retail space and live-work potential.
      251 Hobson Ave, Hot Springs, AR 71913
      View Details
    • $2,100,000
      15,000 SF

      Remodeled Building in Hot Springs

      15,000 sq ft remodeled building suitable for various business models.
      1100 Malvern Ave, Hot Springs, AR 71913
      View Details
    • $580,587
      4,238 SF

      Industrial Building with Leased Store

      Industrial building with leased tobacco store on a 1.04-acre lot.
      1201-1205 Albert Pike Rd, Hot Springs, AR 71913
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      17,140 SF

      Hot Springs Retail Plaza

      17,140 SF Retail Space Available
      5401 Central Ave, Hot Springs, AR 71913
      View Details
    • $19 SF/Yr
      14,700 SF

      Hot Springs Retail Center

      Central Ave Strip Mall, 9 Suites
      3539 Central Ave, Hot Springs, AR 71913
      View Details
    • $12 SF/Yr
      11,700 SF

      Lake Hamilton Retail Center

      High-traffic retail space available.
      5737 Central Ave, Lake Hamilton, AR 71913
      View Details
    • $2,200 /Mo
      3,640 SF

      Versatile Flex Space Available

      Three buildings for lease with yard space in Hot Springs.
      137 Stonewall St, Hot Springs, AR 71913
      View Details
    • $42 SF/Yr
      2,550 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru centrally located in Hot Springs.
      1382-1384 Higdon Ferry Rd, Hot Springs National Park, AR 71913
      View Details
    • $25 SF/Yr
      2,388 SF

      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
      1412 Higdon Ferry Rd, Hot Springs, AR 71913
      View Details

    Property Visit Statistics

    • Visits by month
      94.4k
    • Visitors by month
      36.0k
    • Avg Time on site
      21 min
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    1640 Airport Rd
    Hot Springs, AR 71913-7950
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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