Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2962 Spg St Hot Springs National Park, AR 71901

    • Warehouses
    • 6,240 SF
    • 4.38 lot acres
    OFF-MARKET
    Last Sale
    Apr 20, 2022
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2165577
    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

    • Get R Done Classic Cars / Car Dealership

    Property Details for 2962 Spg St

    Year built
    2004
    Lot size
    4.38 lot acres
    Property size
    6,240 SF
    Property type
    Warehouses
    APN
    100-02176-000
    APU
    10002176000

    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 National Park
    County
    Garland
    State
    Arkansas
    Longitude
    -92.9821
    Latitude
    34.5019
    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
    $1,684
    $8,460
    $23,800
    $32,260
    -
    $42,300
    $119,000
    $161,300

    Comparable in this City

    • Value Estimation by Request
      7,969 SF

      102 Maurice St

      WAREHOUSE, STORAGE • 7,969 SF
      102 Maurice St, Hot Springs, AR 71901-6225
      View Details
    • Value Estimation by Request
      1,000 SF

      Mote St

      WAREHOUSE, STORAGE • 1,000 SF
      Mote St, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request
      2,200 SF

      117 Farmer

      WAREHOUSE, STORAGE • 2,200 SF
      117 Farmer, Hot Springs National Park, AR 71901
      View Details
    • Value Estimation by Request
      2,100 SF

      1444 Fox Pass Cutoff

      WAREHOUSE, STORAGE • 2,100 SF
      1444 Fox Pass Cutoff, Hot Springs, AR 71901-9435
      View Details
    • Value Estimation by Request
      3,986 SF

      1027 Grand Ave

      MINI-WAREHOUSE, STORAGE • 3,986 SF
      1027 Grand Ave, Hot Springs, AR 71901-3632
      View Details
    • Value Estimation by Request
      7,840 SF

      226 Castleberry St

      WAREHOUSE, STORAGE • 7,840 SF
      226 Castleberry St, Hot Springs, AR 71901-3702
      View Details

    Similar Nearby for Sale

    • $765,000
      18,700 SF

      Versatile Industrial Building in Hot Springs

      18,700 SF commercial building suitable for various business needs.
      222 Castleberry St, Hot Springs, AR 71901
      View Details
    • $2,000,000
      69,290 SF

      Industrial Warehouse with Office Space

      69,290 SF industrial warehouse with office and showroom space.
      1898 E Grand Ave, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      26,060 SF

      Industrial Property in Cooper Creek

      Industrial property with docks, overhead doors, and highway access.
      101-112 Bluestone Ct, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      18,700 SF

      Versatile Commercial Building with Loading

      18,700 sq ft commercial building with multiple loading options.
      222 Castleberry St, Hot Springs, AR 71901
      View Details
    • $369,000
      3,300 SF

      Mixed-Use Property with Storage Units

      Mixed-use property with residence, storage, and expansion potential.
      4955 Malvern Rd, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      5,280 SF

      Versatile Commercial Building in Hot Springs

      5280 SF heated/cooled building ideal for retail, office, or flex.
      450 Broadway St, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Near US Hwy 70

      Industrial space in Cooper Creek Industrial Park, Hot Springs, AR.
      101 Bluestone Ct, Hot Springs, AR 71901
      View Details
    • Contact for pricing
      101,475 SF

      Industrial Space with Secured Yard

      Industrial property featuring a secured laydown yard and rail access.
      153 Extrusion Pl, Hot Springs, AR 71901
      View Details
    • $21,480
      1,432 SF

      Hot Springs Industrial Property For Sale

      1,432 sq ft Manufacturing/Commercial Space
      1419 Central Ave, Hot Springs, AR 71901
      View Details
    • $750 /Mo
      299 SF

      Affordable Retail Space in Hot Springs

      High-traffic, high-visibility retail space in central Hot Springs.
      516 Park Ave, Hot Springs, AR 71901
      View Details
    • $4,975 /Mo
      4,704 SF

      Retail Space in Hot Springs

      Retail space in growing area near downtown and convention center.
      249 Ouachita Ave, Hot Springs, AR 71901
      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.
    2962 Spg St
    Hot Springs National Park, AR 71901
    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.
    Sign Up Successful!
    You now have access to more from Realmo!