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Property profile & analytics
FOR LEASE
Strip malls
1819 Albert Pike Rd, Hot Springs, AR 71913
Individually Owned
1-yr Hold
Free & Clear
Property ID
US05-0280680
For Lease
1 / 5
$685,000
1819 Albert Pike Rd, Hot Springs, AR 71913
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
39,840 SF
Lot
3.14 ac (136,778 SF)
APN
300-13024-000
UPID
US05-0280680
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
-
H&S Appliance Outlet Home Appliance Store Hardware & Home Improvement
-
Record Nations Storage Facility
-
All Washed Up Coin Laundry (Bike/Boat/Book/etc) Store
-
Abilities Unlimited Inc Discount Store
-
Waco Hill Portrait Photography Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$685k
Owner & transaction history
William Edward Leggett · 1 yrs held
William Edward Leggett
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,010,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$17 / 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
$13,236
Tax year 2024
Assessed value
$292,840
Assessed 2024
Previous assessed
$292,840
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$117,250
Assessed improvement
$175,590
Land market value
$586,250
Improvement market value
$877,950
Total market value
$1,464,200
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
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1978
Heating
YES
Cooling
YES
Stories
1
Units
28
Total area
39,840 SF
Lot
3.14 ac (136,778 SF)
APN
300-13024-000
UPID
US05-0280680
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
Est. value
$1.0M
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
1978
Heating
YES
Cooling
Yes
Stories
1
Units
28
Lot
3.14 ac
Current owner
From public records · entity-resolved
William Edward Leggett
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 22267, HOT SPRINGS, AR 71903-2267
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
William Edward Leggett
William Edward Leggett
Deed
related
—
Jan 5, 2021
—
Bill E Leggett
—
Deed
related
$500,000 · Arvest Bank
Mar 12, 2020
—
Bill E Leggett
—
Deed
related
—
Jun 26, 2019
—
Bill E Leggett
Bil-mar Ents LLC
Quit Claim Deed
related
—
May 30, 2019
—
Kenneth Crawford
Leggett,bill E & Margaret A
Quit Claim Deed
related
—
Dec 21, 2017
—
Bill E Leggett
—
Deed
related
—
Sep 7, 2016
—
Leggett & Leggett LLC
—
Deed
related
—
Sep 6, 2016
—
Bill E Leggett
—
Deed Of Trust
related
$225,000 · Bank Of The Ozarks
Aug 23, 2012
—
Bill E Leggett
Leggett & Leggett LLC
Quit Claim Deed
related
—
Feb 4, 2005
—
Leggett & Leggett LLC
—
Trustees Deed
related
$250,000 · Regions Bank
Apr 4, 2003
$1,200,000
Leggett & Leggett LLC
Owner Name Unavailable
Warranty Deed
related
—
Oct 29, 1998
$625,000
Hendrix Chris A
Owner Name Unavailable
Warranty Deed
related
—
May 4, 1998
—
Regency Svgs Bk Fsb
Owner Name Unavailable
Grant Deed
related
—
—
—
Leggett & Leggett LLC
—
Deed Of Trust
related
$1,053,000 · Summit Bank
—
—
Leggett & Leggett LLC
—
Loan Modification
related
—
—
—
Leggett & Leggett LLC
—
Loan Modification
related
—
—
—
Bill E Leggett
—
Loan Modification
related
—
—
—
Bill E Leggett
—
Loan Modification
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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