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    Property profile & analytics

    249 Grand Ave Hot Springs, AR 71901-5421

    • Drive through restaurants
    • 2,952 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 25, 2025
    Location Intelligence
    Property ID
    US05-2222316
    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

    • Drive through restaurants

    Property Details for 249 Grand Ave

    Year built
    2017
    Lot size
    0.76 lot acres
    Property size
    2,952 SF
    Property type
    Drive through restaurants
    APN
    400-31950-005-000
    APU
    40031950005000

    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
    -93.0538
    Latitude
    34.503
    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
    $8,640
    $37,930
    $153,230
    $191,160
    -
    $189,650
    $766,150
    $955,800

    Comparable in this City

    • Value Estimation
      $280,000
      1,683 SF

      1515 Malvern Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,683 SF
      1515 Malvern Ave, Hot Springs, AR 71901-6570
      View Details
    • Value Estimation
      $315,000
      1,898 SF

      4311 Park Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,898 SF
      4311 Park Ave, Hot Springs National Park, AR 71901-9475
      View Details
    • Value Estimation by Request
      1,076 SF

      622nd Carpenter Dm Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,076 SF
      622nd Carpenter Dm Rd, Hot Springs National Park, AR 71901-8200
      View Details
    • Value Estimation
      $330,000
      2,251 SF

      130 Grand Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,251 SF
      130 Grand Ave, Hot Springs, AR 71901-5434
      View Details
    • Value Estimation
      $365,000
      1,505 SF

      1875 Malvern Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,505 SF
      1875 Malvern Ave, Hot Springs, AR 71901-7131
      View Details
    • Value Estimation
      $490,000
      2,652 SF

      141 Grand Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,652 SF
      141 Grand Ave, Hot Springs, AR 71901-5435
      View Details

    Similar Nearby for Sale

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      Hot Springs Commercial Opportunity

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    Similar Nearby for Lease

    • $875 /Mo
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      Retail Spaces Near Downtown

      Retail spaces available near downtown and Backwoods Trail system.
      879 Park Ave, Hot Springs, AR 71901
      View Details
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      1,550 SF

      Versatile Commercial Space For Lease

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      View Details
    • $7 SF/Yr
      13,758 SF

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      Prime Hot Springs location, multiple suites available.
      622 Malvern Ave, Hot Springs, AR 71901
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    • Contact for pricing
      24,156 SF

      Visible Corner Retail Space

      Retail space with high visibility near downtown historic district.
      350 Malvern Ave, Hot Springs National Park, AR 71901
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    • $16 SF/Yr
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      Former Aaron’s space in a busy commercial area.
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      Retail/Office Space in Hot Springs

      Retail or office space available for lease in Hot Springs.
      913 Malvern Ave, Hot Springs, AR 71901
      View Details
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    249 Grand Ave
    Hot Springs, AR 71901-5421
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    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
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