New search
Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Flex space
2390 Airport Rd, Hot Springs National Park, AR 71913-2100
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US05-0046103
Property summary
AI-generated overview
This exceptional Class A industrial property, located at 2390 Airport Road in Hot Springs, Arkansas (71913), offers 37,000 square feet of versatile space ideal for manufacturing, flex, or warehouse operations. Situated on a substantial 70,000 square foot lot, the single-story building features 12-16 foot ceiling heights, accommodating a variety of uses. The property boasts three drive-in doors for convenient loading and unloading, along with an impressive 4,350 square feet of office space. Additional features include energy-efficient lighting, upgraded electrical amperage, a paint booth, and a comprehensive sprinkler system. Further enhancing its functionality is a sizable 200' x 350' outdoor storage area. The property is located at the intersection of Airport Rd and Worthey Trail in Garland County. This is a triple net lease opportunity. The building is very clean and well-maintained. Zoning information is not currently available.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1986
Total area
31,004 SF
Lot
3.95 ac (172,062 SF)
APN
100-14067-000C
UPID
US05-0046103
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
-
Cobalt-Aero Services Corporate Office Factory
-
Hot Springs Awning Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$560k
Owner & transaction history
Cobalt Investments LLC · 12 yrs held
Cobalt Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$905,000
+103.8%
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 National Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs National Park 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
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$445,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$905,000
Change: +104% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
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
$18 / 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
$12,609
Tax year 2024
Assessed value
$287,880
Assessed 2024
Previous assessed
$287,880
+0.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$74,450
Assessed improvement
$213,430
Land market value
$372,250
Improvement market value
$1,067,150
Total market value
$1,439,400
Applied tax rate
50.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1986
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
31,004 SF
Lot
3.95 ac (172,062 SF)
APN
100-14067-000C
UPID
US05-0046103
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
INDUSTRIAL (GENERAL) Current
Est. value
$445,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$905,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1986
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.95 ac
Current owner
From public records · entity-resolved
Cobalt Investments LLC
Entity
Mailing address
PO BOX 20130, HOT SPRINGS, AR 71903-0130
Ownership since
2014
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
Aug 30, 2021
—
Cobalt Investments LLC
—
Deed
related
$1,280,000 · The Citizens Bank
Oct 27, 2017
—
Cobalt Investments LLC
—
Deed
related
$609,400 · Arvest Mtg
Apr 7, 2017
—
Cobalt Investments LLC
—
Deed
related
$350,000 · Arvest Mtg
Sep 30, 2016
—
Cobalt Investments LLC
—
Deed
related
$332,500 · Arvest Bank
May 13, 2014
$566,250
Cobalt Investments LLC
Dillard Management LLC
Warranty Deed
$510,000 · Arvest Bank
Dec 29, 2003
$216,000
Dillard Management LLC
Owner Name Unavailable
Warranty Deed
related
—
Jun 12, 2002
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Sep 18, 2000
—
William G Mcdonald
Owner Name Unavailable
Grant Deed
related
—
Jul 20, 1999
—
Harry Broadwell
Owner Name Unavailable
Quit Claim Deed
related
—
—
—
Cobalt Investments LLC
—
Loan Modification
related
$350,000 · Arvest Mtg
—
—
Cobalt Investments LLC
—
Loan Modification
related
$609,400 · Arvest Mtg
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2390 Airport Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
