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

    2204 Central Ave Hot Springs, AR 71901-6946

    • Hotels
    • 66,879 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimation
    $175,000
    Last Sale
    Jul 24, 2024
    $200,000
    Location Intelligence
    Property ID
    US05-0423685
    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

    • Americas Best Value Inn / Extended Stay Hotel / Hotel
    • Royal Vista / Villa

    Property Details for 2204 Central Ave

    Year built
    1950
    Lot size
    2.29 lot acres
    Property size
    66,879 SF
    Property type
    Hotels
    APN
    400-12150-004-000
    APU
    40012150004000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0587
    Latitude
    34.4906
    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
    $10,765
    $94,700
    $143,460
    $238,160
    -
    $473,500
    $717,300
    $1,190,800

    Comparable in this City

    • Value Estimation by Request
      404,679 SF

      239 Central Ave

      HOTEL • 404,679 SF
      239 Central Ave, Hot Springs, AR 71901-3544
      View Details
    • Value Estimation
      $560,000
      134,405 SF

      217 Park Ave

      HOTEL • 134,405 SF
      217 Park Ave, Hot Springs, AR 71901-3512
      View Details
    • Value Estimation by Request
      350,000 SF

      400 Convention Blvd

      HOTEL • 350,000 SF
      400 Convention Blvd, Hot Springs, AR 71901-4203
      View Details
    • Value Estimation
      $820,000
      45,585 SF

      211 Fountain St

      HOTEL • 45,585 SF
      211 Fountain St, Hot Springs, AR 71901-3520
      View Details
    • Value Estimation by Request
      101,323 SF

      135 Central Ave

      HOTEL • 101,323 SF
      135 Central Ave, Hot Springs, AR 71901-3529
      View Details
    • Value Estimation by Request
      134,230 SF

      305 Malvern Ave

      HOTEL • 134,230 SF
      305 Malvern Ave, Hot Springs, AR 71901-5445
      View Details

    Similar Nearby for Sale

    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      Turnkey bed and breakfast near downtown Hot Springs National Park.
      318 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $925,000
      5,813 SF

      Victorian Bed & Breakfast Opportunity

      Historic Victorian bed and breakfast or private residence on 1+ acre.
      808 Park Ave, Hot Springs, AR 71901
      View Details
    • $1,850,000
      8,974 SF

      Historic Motor Lodge in Hot Springs

      Charming 19-room boutique motor lodge in historic district.
      741 Park Ave, Hot Springs, AR 71901
      View Details
    • $1,750,000
      10,466 SF

      Historic Bed & Breakfast Opportunity

      Established bed and breakfast in a prime historic district.
      420 Quapaw Ave, Hot Springs, AR 71901
      View Details
    • $1,000,000
      6,396 SF

      Historic Hot Springs Motel Court

      16-unit motel with residence and office on historic registry.
      857 Park Ave, Hot Springs, AR 71901
      View Details
    • $2,300,000
      7,176 SF

      Hot Springs Bed & Breakfast Estate

      Restored 1910 Craftsman on 5.5 acres near National Park.
      2009 Park Ave, 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
    • $2,500 /Mo
      2,500 SF

      Retail Spaces Available for Lease

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
    • $15 SF/Yr
      70,310 SF

      Hot Springs Office Space

      Prime Downtown Office Suites Available
      835 Central Ave, Hot Springs, AR 71901
      View Details
    • $16 SF/Yr
      10,898 SF

      Medical Office Space for Rent

      Medical office space available in Doctor’s Medical Park.
      130 Medical Park Pl, Hot Springs, AR 71901
      View Details
    • $3 SF/Yr
      101,475 SF

      Industrial Space with Secured Yard

      Industrial property featuring a secured laydown yard and rail access.
      153 Extrusion Pl, Hot Springs, AR 71901
      View Details
    • $9 SF/Yr
      1,600 SF

      Downtown Hot Springs Office Space

      Office space for lease near downtown Hot Springs.
      628 Malvern 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.
    2204 Central Ave
    Hot Springs, AR 71901-6946
    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.