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Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Warehouses
267 Marion Anderson Rd Hot Springs National Park, AR 71913
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0041041
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2004
Total area
18,840 SF
Lot
5.6 ac (243,936 SF)
APN
100-14182-000C
UPID
US05-0041041
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
-
Mini Mall Storage - Hot Springs Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.96M
Owner & transaction history
Arl3315hs LP · 4 yrs held
Arl3315hs LP
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.7M
+199.5%
Commercial (general)
$2.3M
+159.2%
Retail stores
$1.6M
+76.3%
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
$1,895,000
ML approach
$1,935,000
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,655,000
Change: +199% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,300,000
Change: +159% · Conversion: Difficult
RETAIL STORES
$1,565,000
Change: +76% · Conversion: Moderate
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±10% · vs last sale $2.00M (Mar 30 2022)
Last sale anchor
$2.00M
Mar 30 2022
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
$104 / 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
$14,532
Tax year 2024
Assessed value
$331,770
Assessed 2024
Previous assessed
$331,770
+0.0% YoY
Effective rate
4.38%
On assessed value
Assessed land
$66,000
Assessed improvement
$265,770
Land market value
$330,000
Improvement market value
$1,328,850
Total market value
$1,658,850
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
144
Total area
18,840 SF
Lot
5.6 ac (243,936 SF)
APN
100-14182-000C
UPID
US05-0041041
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
OFFICE BUILDING
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
144
Lot
5.6 ac
Current owner
From public records · entity-resolved
Arl3315hs LP
Entity
Mailing address
400 4820TH RICHARD CALGARY RD SW XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
$2,000,000
Arl3315hs LP
K & K Properties Of Hot Springs LLC
Special Warranty Deed
—
Sep 20, 2007
—
Jimmy D Bullard
—
Trustees Deed
related
$262,758 · Summit Bank
Jan 7, 2004
—
Jimmy D Bullard
Owner Name Unavailable
Grant Deed
related
—
Dec 29, 2003
$153,000
Jimmy D Bullard
Owner Name Unavailable
Warranty Deed
related
—
—
—
Jimmy D Bullard
—
Deed Of Trust
related
—
—
—
Jimmy D Bullard
—
Deed Of Trust
related
$638,823 · Summit Bank
—
—
Jimmy D Bullard
—
Deed Of Trust
related
$500,000 · Summit Bank
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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