Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    212 Central Ave, Unit 218 Hot Springs, AR 71901-3526

    • Strip malls
    • 5,793 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2167242
    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

    • Strip malls

    Property Details for 212 Central Ave

    Year built
    1930
    Lot size
    0.29 lot acres
    Property size
    5,793 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    400-34200-003-000
    APU
    40034200003000

    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
    -93.0545
    Latitude
    34.517
    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
    $5,033
    $66,960
    $69,420
    $136,380
    -
    $334,800
    $347,100
    $681,900

    Comparable in this City

    • Value Estimation by Request
      18,836 SF

      113 Nickels St

      SHOPPING CENTER, STRIP CENTER • 18,836 SF
      113 Nickels St, Hot Springs, AR 71901-6443
      View Details
    • Value Estimation by Request
      8,150 SF

      Rosston Rd

      SHOPPING CENTER, STRIP CENTER • 8,150 SF
      Rosston Rd, Lakeside, AR 71901
      View Details
    • Value Estimation by Request
      6,000 SF

      1500 Central Ave

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1500 Central Ave, Hot Springs, AR 71901-6120
      View Details
    • Value Estimation by Request
      5,000 SF

      377 Hwy 7th 7

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      377 Hwy 7th 7, Hot Springs, AR 71901-8867
      View Details
    • Value Estimation by Request
      16,220 SF

      1534 Malvern Ave

      SHOPPING CENTER, STRIP CENTER • 16,220 SF
      1534 Malvern Ave, Hot Springs, AR 71901-6508
      View Details
    • Value Estimation by Request
      14,688 SF

      2212 Malvern Ave

      SHOPPING CENTER, STRIP CENTER • 14,688 SF
      2212 Malvern Ave, Hot Springs National Park, AR 71901-8038
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,325 SF

      Hot Springs Retail Center Suites

      Retail suites available in established Hot Springs shopping center.
      2002-2038 Central Ave, Hot Springs, AR 71901
      View Details
    • $2,500,000
      42,000 SF

      Downtown Hot Springs Building and Land

      Downtown Hot Springs building and land with many possibilities.
      225 Malvern Ave, Hot Springs, AR 71901
      View Details
    • $2,500,000
      42,000 SF

      Downtown Hot Springs Opportunity Zone

      42,000 sq ft building in downtown Hot Springs.
      225 Malvern Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      10,870 SF

      Retail Strip Center For Sale

      Freestanding retail strip center with high traffic volume.
      214 E Grand Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing

      Commercial Land on Busy Highway

      City acreage primed for commercial development with high visibility.
      2600 Block Park 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

    Similar Nearby for Lease

    • $750 /Mo
      299 SF

      Affordable Retail Space in Hot Springs

      High-traffic, high-visibility retail space in central Hot Springs.
      516 Park 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
    • $2,500 /Mo
      1,881 SF

      Renovated Commercial Space For Lease

      Renovated commercial space in Hot Springs, ready for lease.
      600 Park Ave, Hot Springs, AR 71901
      View Details
    • $2,717 /Mo
      1,427 SF

      Retail/Restaurant Space in Hot Springs

      Vacant retail shell space with tenant improvement allowance available.
      155 Carpenter Dam Rd, Hot Springs, AR 71901
      View Details
    • Contact for pricing

      Mixed-Use Space in Hot Springs

      Mixed-use space for sale or lease near city transit.
      622 Malvern Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      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
    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.
    212 Central Ave, Unit 218
    Hot Springs, AR 71901-3526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!