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    Property profile & analytics

    2088 Airport Rd Hot Springs, AR 71913

    • Commercial real estate
    • 11.53 lot acres
    For Sale
    View listing
    $650,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0292604
    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

    • Commercial real estate

    Property Details for 2088 Airport Rd

    Year built
    1953
    Lot size
    11.53 lot acres
    Property type
    Commercial real estate
    APN
    100-14202-000

    Description

    This exceptional 11.53-acre commercial property in Hot Springs, Arkansas, presents a remarkable investment opportunity. Located at 2088 Airport Rd, 71913, this prime parcel boasts excellent visibility and accessibility, situated on Airport Road and North Rodgers Road within a rapidly developing area. The property features two existing buildings, offering immediate potential for redevelopment or expansion. With a total of 50 parking spaces, the site is well-suited for a variety of commercial uses. The asking price is $675,000, translating to $58,542.93 per acre and $347.58 per square foot. All utilities are readily available, and the high traffic count ensures significant exposure for any business. The property is zoned NZN No Zoning, providing flexibility for future development plans. This location offers easy access from a five-lane highway with a center turning lane, making it an ideal site for developers seeking a high-impact commercial project. The property's APN is 100-14202-000. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Arkansas market. Don't miss this chance to capitalize on the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.1568485
    Latitude
    34.4577674

    Comparable in this City

    • $298,000
      2.92 Acres

      Commercial Land in Growing Area

      2.92-acre commercial lot in a rapidly growing area.
      2.92 Hwy 290, Hot Springs, AR 71913
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    • $400,000
      10.00 Acres

      Hot Springs Acreage Ready to Build

      10+/- acres in Hot Springs, ready for construction.
      166 Thornton Ferry Rd, Hot Springs, AR 71913
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    • $550,000
      4.42 Acres

      Hot Springs Land For Sale

      4.42 acre commercial land ripe for development in Hot Springs.
      3816 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $580,587
      4,238 SF

      Industrial Building with Leased Store

      Industrial building with leased tobacco store on a 1.04-acre lot.
      1201-1205 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $2,249,000
      8,960 SF

      Commercial Site Near Airport

      8,960 SF building on 2.64 acres near airport.
      101 Airway Dr, Hot Springs, AR 71913
      View Details
    • $1,742,000
      0.50 Acres

      Hot Springs Industrial Land

      Industrial property and land available in Hot Springs, Arkansas.
      2426 Airport Rd, Hot Springs, AR 71913
      View Details

    Similar Nearby for Sale

    • $298,000
      2.92 Acres

      Commercial Land in Growing Area

      2.92-acre commercial lot in a rapidly growing area.
      2.92 Hwy 290, Hot Springs, AR 71913
      View Details
    • $580,587
      4,238 SF

      Industrial Building with Leased Store

      Industrial building with leased tobacco store on a 1.04-acre lot.
      1201-1205 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $2,249,000
      8,960 SF

      Commercial Site Near Airport

      8,960 SF building on 2.64 acres near airport.
      101 Airway Dr, Hot Springs, AR 71913
      View Details
    • $875,000

      Hot Springs Industrial Land Investment

      High-traffic corner lot, ideal for manufacturing.
      0 Airport Rd, Hot Springs, AR 71913
      View Details
    • $550,000
      4.42 Acres

      Hot Springs Land For Sale

      4.42 acre commercial land ripe for development in Hot Springs.
      3816 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $400,000
      10.00 Acres

      Hot Springs Acreage Ready to Build

      10+/- acres in Hot Springs, ready for construction.
      166 Thornton Ferry Rd, Hot Springs, AR 71913
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo
      3,640 SF

      Versatile Flex Space Available

      Three buildings for lease with yard space in Hot Springs.
      137 Stonewall St, Hot Springs, AR 71913
      View Details
    • $8,400 /Mo
      15,915 SF

      Hot Springs Industrial Portfolio

      Six-Building Warehouse Complex For Lease
      135 Stonewall St, Hot Springs, AR 71913
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    • Contact for pricing
      69,750 SF

      Hot Springs Warehouse Space Available

      69,750± SF warehouse with office space for lease.
      154 Centennial Dr, Hot Springs, AR 71913
      View Details
    • $4 SF/Yr
      154,138 SF

      Industrial Property with High Bay

      154,138 SF industrial space with high bay and cranes.
      400 Aviation Plz, Hot Springs, AR 71913
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    • Contact for pricing
      1,420 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near national park.
      1607-1609 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $25 SF/Yr
      2,388 SF

      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
      1412 Higdon Ferry Rd, Hot Springs, AR 71913
      View Details
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    2088 Airport Rd
    Hot Springs, AR 71913
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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