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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Office buildings
1871 Grand Ave, Hot Springs National Park, AR 71901-4891
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US05-0427516
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Total area
11,770 SF
Lot
3.5 ac (152,460 SF)
APN
300-05760-000C
UPID
US05-0427516
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
-
Red Carpet Inn - Hot Springs, AR Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$845k
Owner & transaction history
Neni LLC · 4 yrs held
Neni LLC
since 2021
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+7.7%
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 National Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs National Park 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
$655,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,065,000
Current use
RETAIL STORES
$1,145,000
Change: +8% · Conversion: Moderate
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $850k (Aug 13 2021)
Last sale anchor
$850k
Aug 13 2021
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
$72 / 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
$9,825
Tax year 2024
Assessed value
$188,210
Assessed 2024
Previous assessed
$188,210
+0.0% YoY
Effective rate
5.22%
On assessed value
Assessed land
$27,750
Assessed improvement
$160,460
Land market value
$138,750
Improvement market value
$802,300
Total market value
$941,050
Applied tax rate
211.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Heating
CENTRAL
Cooling
CENTRAL
Buildings
3
Stories
1
Units
50
Total area
11,770 SF
Lot
3.5 ac (152,460 SF)
APN
300-05760-000C
UPID
US05-0427516
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
OFFICE BUILDING Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING Current
RETAIL STORES
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
1960
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Units
50
Lot
3.5 ac
Current owner
From public records · entity-resolved
Neni LLC
Entity
Mailing address
1871 E GRAND AVE, HOT SPRINGS, AR 71901-4891
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 13, 2021
$850,000
Neni LLC
An Nur LLC
Warranty Deed
$660,000 · Wallis State Bank
Jan 24, 2020
—
An Nur LLC
—
Deed
related
$400,000 · Centennial Bank
Mar 7, 2017
$850,000
Neni LLC
An-nur LLC
Dual Purpose Document
related
$625,000 · An-nur LLC
Dec 21, 2009
—
An-nur LLC
—
Deed Of Trust
related
$5,475,000 · Akshar 5 LLC
Jan 23, 2008
—
An-nur LLC
Khan,ali A & Tahmina A
Quit Claim Deed
related
—
Oct 20, 2003
—
Ali A Khan
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
An-nur LLC
—
Deed Of Trust
related
$1,550,000 · Relyance Bk NA
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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