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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Strip malls
1880 Airport Rd, Hot Springs National Park, AR 71913-5320
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0051990
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
20,909 SF
Lot
3.01 ac (131,116 SF)
APN
100-14174-000C
UPID
US05-0051990
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
-
Joint Effort Physical Therapy Physician
-
Lake Hamilton Fitness and Athletics Gym & Fitness Center
-
Smokes Tobacco Warehouse (Bike/Boat/Book/etc) Store
-
Tyler J. Kight DC Alternative Medicine Practice
-
Robert Jordan Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$800k
Owner & transaction history
John Gibson Properties LLC · 2 yrs held
John Gibson Properties LLC
since 2024
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+72.1%
Retail stores
$1.0M
+70.4%
Warehouse, storage
$875,000
+43.9%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$610,000
Current use
AUTO REPAIR, GARAGE
$1,050,000
Change: +72% · Conversion: Difficult
RETAIL STORES
$1,040,000
Change: +70% · Conversion: Easy
WAREHOUSE, STORAGE
$875,000
Change: +44% · Conversion: Difficult
MEDICAL BUILDING
$530,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Mar 12 2024)
Last sale anchor
$800k
Mar 12 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
$38 / 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
$15,164
Tax year 2024
Assessed value
$346,210
Assessed 2024
Previous assessed
$346,210
+0.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$61,170
Assessed improvement
$285,040
Land market value
$305,850
Improvement market value
$1,425,200
Total market value
$1,731,050
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
10
Total area
20,909 SF
Lot
3.01 ac (131,116 SF)
APN
100-14174-000C
UPID
US05-0051990
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$875,000
MEDICAL BUILDING
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2000
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
10
Lot
3.01 ac
Current owner
From public records · entity-resolved
John Gibson Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1425 AIRPORT RD, HOT SPRINGS NATIONAL PARK, AR 71913-7955
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
$800,000
John Gibson Properties LLC
Sheets Holding Company INC
Warranty Deed
—
Oct 4, 2001
$632,000
Sheets Holding Co INC|gibson John Properties LLC
Owner Name Unavailable
Warranty Deed
related
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—
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David C Miller
—
Loan Modification
related
—
—
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David C Miller
—
Loan Modification
related
—
—
—
David Miller
—
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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