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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Motels
2208 Central Ave Hot Springs, AR 71901-6946
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0393217
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Total area
28,200 SF
Lot
1.74 ac (75,794 SF)
APN
400-12150-003-000
UPID
US05-0393217
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
-
Days Inn by Wyndham Hot Springs Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.60M
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.60M
Owner & transaction history
2208 Central Avenue LLC · 1 yrs held
2208 Central Avenue LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+237.9%
Restaurant
$2.2M
+119.3%
Office building
$2.2M
+118.4%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs 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
$2,600,000
ML approach
$2,600,000
CAP Approach
CAP Return
Estimation
6%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,425,000
Change: +238% · Conversion: Difficult
RESTAURANT
$2,220,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$2,215,000
Change: +118% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,160,000
Change: +113% · Conversion: Difficult
RETAIL STORES
$1,855,000
Change: +83% · Conversion: Difficult
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±10% · vs last sale $2.60M (Jul 23 2024)
Last sale anchor
$2.60M
Jul 23 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
$92 / 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
$10,127
Tax year 2024
Assessed value
$247,470
Assessed 2024
Previous assessed
$247,470
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$37,200
Assessed improvement
$210,270
Land market value
$186,000
Improvement market value
$1,051,350
Total market value
$1,237,350
Applied tax rate
61.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Stories
2
Units
82
Total area
28,200 SF
Lot
1.74 ac (75,794 SF)
APN
400-12150-003-000
UPID
US05-0393217
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
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.2M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1960
Heating
FORCED AIR
Stories
2
Units
82
Lot
1.74 ac
Current owner
From public records · entity-resolved
2208 Central Avenue LLC
Entity
Mailing address
10710 OTTER CRK E BLVD, MABELVALE, AR 72103-5808
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$2,600,000
2208 Central Avenue LLC
Almham Corporation
Warranty Deed
$2,080,000 · Haratio State Bank
Nov 5, 2020
$972,858
Almham Corp
Commissioner Of Garland County
Correction Deed
related
—
Nov 5, 2020
—
Albam Corporation
—
Deed
related
$565,000 · Centennial Bank
Jan 10, 2012
—
Almham Corp
—
Deed Of Trust
related
$1,055,502 · Hot Springs Bank & Trust Co
Jan 23, 2008
—
Almham Corp
Khan,ali A & Tahmina A
Quit Claim Deed
related
—
Sep 16, 2002
$1,000,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
Mar 24, 1998
—
Corha LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Almham Corp
—
Deed Of Trust
related
$354,984 · Hot Springs Bank & Trust Co
—
—
Ali A Khan
—
Loan Modification
related
—
—
—
Ali A Khan
—
Loan Modification
related
—
—
—
Almham Corp
—
Deed Of Trust
related
$565,000 · Centennial Bk
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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