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Property profile & analytics
FOR SALE
Drug stores
1800 Airport Rd, Hot Springs, AR 71913
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-2377539
For Sale
1 / 13
$3,251,700
1800 Airport Rd, Hot Springs, AR 71913
View Listing →
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2009
Total area
14,622 SF
Lot
1.84 ac (80,150 SF)
APN
100-14163-000
UPID
US05-2377539
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
-
Kenneth R. Wedsted, PharmD Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.20M
Owner & transaction history
Ss 1800 Airport Road LLC · 1 yrs held
Ss 1800 Airport Road LLC
since 2024
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.7M
+285.4%
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
$4,200,000
ML approach
$4,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,680,000
Change: +285% · Conversion: Easy
Blend value · Realmo final
$4.20M
Range $3.78M – $4.62M · ±10% · vs last sale $4.20M (Jul 11 2024)
Last sale anchor
$4.20M
Jul 11 2024
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
$287 / 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
$21,040
Tax year 2024
Assessed value
$480,370
Assessed 2024
Previous assessed
$480,370
+0.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$66,800
Assessed improvement
$413,570
Land market value
$334,000
Improvement market value
$2,067,850
Total market value
$2,401,850
Applied tax rate
50.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2009
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,622 SF
Lot
1.84 ac (80,150 SF)
APN
100-14163-000
UPID
US05-2377539
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
RESTAURANT
Est. value
$4.7M
RESTAURANT
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
2009
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Ss 1800 Airport Road LLC
Entity
Mailing address
2909 HILLCROFT ST STE #420, HOUSTON, TX 77057-5815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2024
$4,200,199
Ss 1800 Airport Road LLC
Bsprt Walgreens Portfolio 4 LLC
Special Warranty Deed
$57,750,000 · Peoples Bank & Trust Co Of Pickett
Mar 15, 2023
—
Bsprt Walgreens Portfolio 4 LLC
Benefit Street Partners Rlty Operat
Commissioners Deed
related
—
Apr 22, 2022
—
Ibf Properties LLC
Ibf Properties Wg Tn LLC
Special Warranty Deed
$149,700,000 · Peoples Bank & Trust Co Of Pickett
Nov 1, 2021
—
Ibf Properties Wg Tn LLC
Mpharm Sale Leaseback II Dstfund 1
Special Warranty Deed
$28,000,000 · Revere Credit Opportunities Fund LP
Sep 2, 2021
—
Pharm Sale Leaseback II Dst Fund 1
Pharmacy Sale Leaseback II Exchange
Intrafamily Transfer
related
$23,000,000 · Tig Romspen Uw Master Mortgag Elp
Dec 8, 2014
$4,271,223
Pharmacy Sale Leaseback II Dst Trust
Waltrust Properties INC
Grant Deed
—
Apr 9, 2014
$4,271,223
Pharmacy Sale Leaseback II Trust
Waltrust Properties INC
Trustees Deed
$25,641,816 · Parkway Bk
Mar 3, 2010
—
Waltrust Properties INC
Walgreen Co
Quit Claim Deed
related
—
May 20, 2008
$990,000
Walgreen Co
Sheets,james M & Beverly A
Warranty Deed
—
May 14, 2008
—
Gregory A Sheets
Sheets,james M
Quit Claim Deed
related
—
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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