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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2208 Airport Rd Hot Springs, AR 71913

    • Warehouses
    • 5,846 SF
    • 1.70 lot acres
    For Sale
    View listing
    $695,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0414713
    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

    • Edwards Sign Co / Banner Store / Crane Service
    • Great Massage & Thai Stretch / Massage Spa
    • Spa City Barefoot Massage / Massage Therapist
    • Sacred Hands Massage & Bodywork / Massage Therapist
    • A Great Massage & Thai Stretch / Massage Spa

    Property Details for 2208 Airport Rd

    Year built
    1960
    Lot size
    1.70 lot acres
    Property size
    5,846 SF
    Property type
    Warehouses
    APN
    100-14106-000C
    APU
    10014106000C

    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
    -93.1625
    Latitude
    34.4563
    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
    $3,299
    $38,900
    $36,410
    $75,310
    -
    $194,500
    $182,050
    $376,550

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      108 Lacey St

      WAREHOUSE, STORAGE • 5,000 SF
      108 Lacey St, Hot Springs, AR 71913-3209
      View Details
    • Value Estimation by Request
      3,200 SF

      131 Jung Dr

      WAREHOUSE, STORAGE • 3,200 SF
      131 Jung Dr, Hot Springs, AR 71913
      View Details
    • Value Estimation by Request
      3,200 SF

      1612 Mtn Pne Rd

      WAREHOUSE, STORAGE • 3,200 SF
      1612 Mtn Pne Rd, Hot Springs National Park, AR 71913
      View Details
    • Value Estimation by Request
      5,856 SF

      413 Garland Ave

      WAREHOUSE, STORAGE • 5,856 SF
      413 Garland Ave, Hot Springs, AR 71913-3625
      View Details
    • Value Estimation by Request
      2,592 SF

      517 Airport Rd, Unit D

      WAREHOUSE, STORAGE • 2,592 SF
      517 Airport Rd, Hot Springs, AR 71913-4065
      View Details
    • Value Estimation by Request
      19,328 SF

      239 Amity Rd

      MINI-WAREHOUSE, STORAGE • 19,328 SF
      239 Amity Rd, Hot Springs National Park, AR 71913
      View Details

    Similar Nearby for Sale

    • $695,000
      5,846 SF

      Hot Springs Commercial Building and Land

      1.7 acres with office and warehouse space on Airport Road.
      2208 Airport Rd, Hot Springs, AR 71913
      View Details
    • $742,000
      11,725 SF

      Hot Springs Industrial Building/Land

      Industrial property suitable for machine shop, warehouse, or garage.
      2426 Airport 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
    • $3,312,000
      47,500 SF

      Industrial Warehouse with Expansion Potential

      47,500 SF industrial warehouse on 6.32 acres for sale.
      736 Mid America Blvd, 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
    • $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

    Similar Nearby for Lease

    • $8,400 /Mo
      15,915 SF

      Hot Springs Industrial Portfolio

      Six-Building Warehouse Complex For Lease
      135 Stonewall St, Hot Springs, AR 71913
      View Details
    • 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
      View Details
    • $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
    • Contact for pricing
      1,134 SF

      Medical Office Space Available

      Office space for rent near Highway 270 and CHI Hospital.
      1662 Higdon Ferry Rd, Hot Springs, AR 71913
      View Details
    • $18 SF/Yr
      31,716 SF

      Hot Springs Office Space Available

      Prime Hot Springs location, multiple office suites.
      135 Section Line Rd, Hot Springs, AR 71913
      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.
    2208 Airport Rd
    Hot Springs, AR 71913
    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.