Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1873 Grand Ave Hot Springs National Park, AR 71901-4891

    • Retail space
    • 1,122 SF
    • 15.19 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Last Sale
    Apr 28, 2022
    $315,000
    Location Intelligence
    Property ID
    US05-0390495
    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

    • Retail space

    Property Details for 1873 Grand Ave

    Year built
    1960
    Lot size
    15.19 lot acres
    Property size
    1,122 SF
    Property type
    Retail space
    APN
    300-05763-000C
    APU
    30005763000C

    Description

    This exceptional commercial investment opportunity encompasses two buildings situated on a substantial 16.03-acre lot at 1873 & 1875 E Grand Avenue in Hot Springs, Arkansas. The property, boasting 50 parking spaces, is zoned C-4 Regio CommlOpen Displ, offering significant potential for diverse commercial or industrial development. Built in 1960, the buildings present a chance for renovation or redevelopment, capitalizing on the high-traffic visibility afforded by its location on the East Grand frontage road, directly off exit 3. All utilities are conveniently available on-site. The asking price is $875,000, translating to $126.81 per square foot and $54,585.15 per acre. This prime location offers unparalleled access to major thoroughfares and benefits from proximity to popular attractions such as Magic Springs Theme Park and the gateway to Hot Springs National Park. The property's history as part of the former Magic Hills Golf Course adds to its unique appeal. The Garland County location, with a 71901 zip code, provides easy access to the city's amenities and a strong local market. This is a rare chance to acquire a large, well-located commercial parcel with significant development potential in a thriving Arkansas community. The APN is 300-05763-000C.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $260,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $275,000
      Mixed-Use
      $270,000
      Hospitality
      $265,000
      Educational
      $305,000
      Residential Income
      $265,000
      Energy
      $225,000
      Income-Based Land
      $265,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs National Park
    County
    Garland
    State
    Arkansas
    Longitude
    -93.012
    Latitude
    34.5137
    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
    $1,649
    $19,860
    $11,730
    $31,590
    -
    $99,300
    $58,650
    $157,950

    Comparable in this City

    • 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
      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
      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
    • Value Estimation by Request
      2,577 SF

      719 Whittington Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,577 SF
      719 Whittington Ave, Hot Springs, AR 71901-3320
      View Details

    Similar Nearby for Sale

    • $1,900,000
      22,083 SF

      Downtown Hot Springs Mixed-Use Building

      22,000+ sqft mixed-use building in the heart of Hot Springs.
      1010 Central Ave, Hot Springs, AR 71901
      View Details
    • $275,000
      2,785 SF

      Hot Springs Commercial Location

      Retail or office space in a high-visibility location.
      815 Grand Ave, Hot Springs, AR 71901
      View Details
    • $650,000
      4,487 SF

      Retail Space on Central Avenue

      Retail property with high visibility and easy access.
      1700 Central Ave, Hot Springs, AR 71901
      View Details
    • $67,000
      704 SF

      Hot Springs Commercial Building For Sale

      Commercial building in high-traffic location near historic district.
      618 W Grand Ave, Hot Springs, AR 71901
      View Details
    • $249,900
      1,432 SF

      Central Avenue Building and Land

      Office, medical, or retail building with high traffic exposure.
      1419 Central Ave, Hot Springs, AR 71901
      View Details
    • New
      $274,000
      1,219 SF

      Commercial Property Near Downtown Hot Springs

      Versatile commercial space on three city lots near downtown Hot Springs.
      901 Spring St, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,550 SF

      Versatile Commercial Space For Lease

      1,550 sq ft commercial space in high-traffic area.
      2350 Malvern Ave, Hot Springs, AR 71901
      View Details
    • $4,975 /Mo
      4,704 SF

      Retail Space in Hot Springs

      Retail space in growing area near downtown and convention center.
      249 Ouachita Ave, Hot Springs, AR 71901
      View Details
    • $875 /Mo
      875 SF

      Retail Spaces Near Downtown

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
    • $7 SF/Yr
      4,912 SF

      Downtown Hot Springs Retail Space

      Retail space near downtown Hot Springs, close to amenities.
      630 Malvern Ave, Hot Springs National Park, AR 71901
      View Details
    • $16 SF/Yr
      7,828 SF

      Retail Space in Commercial Corridor

      Former Aaron’s space in a busy commercial area.
      3364 Central Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      24,156 SF

      Visible Corner Retail Space

      Retail space with high visibility near downtown historic district.
      350 Malvern Ave, Hot Springs National Park, AR 71901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1873 Grand Ave
    Hot Springs National Park, AR 71901-4891
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.