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

    315 Section Line Rd, Unit 321 Hot Springs, AR 71913-6480

    • Strip malls
    • 17,900 SF
    • 2.09 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2169371
    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

    • Business Health / Car Dealership
    • AeroCare / Medical Supply Store
    • Raymond Wright - State Farm Insurance Agent / Insurance Agency
    • Dermatology clinic / Physician / Medical Clinic
    • Dermatology Group of Arkansas, P.A. / Medical Clinic / Skin Care Clinic

    Property Details for 315 Section Line Rd

    Year built
    2008
    Lot size
    2.09 lot acres
    Property size
    17,900 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    300-08101-000
    APU
    30008101000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $688,000
      Market price range: $331k - $704k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $520,000
      Current use
      AUTO REPAIR, GARAGE
      $895,000
      Change: +72% Conversion: Difficult
      RETAIL STORES
      $890,000
      Change: +70% Conversion: Easy
      WAREHOUSE, STORAGE
      $750,000
      Change: +44% Conversion: Difficult
      MEDICAL BUILDING
      $455,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.07
    Latitude
    34.4647
    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
    $21,414
    $125,420
    $348,330
    $473,750
    -
    $627,100
    $1,741,650
    $2,368,750

    Comparable in this City

    • Value Estimation
      $620,000
      21,358 SF

      1635 Higdon Fry Rd

      SHOPPING CENTER, STRIP CENTER • 21,358 SF
      1635 Higdon Fry Rd, Hot Springs, AR 71913-6913
      View Details
    • Value Estimation by Request
      5,715 SF

      4425 Central Ave

      SHOPPING CENTER, STRIP CENTER • 5,715 SF
      4425 Central Ave, Hot Springs, AR 71913-7253
      View Details
    • Value Estimation by Request
      8,236 SF

      507 Mtn Pne Rd

      SHOPPING CENTER, STRIP CENTER • 8,236 SF
      507 Mtn Pne Rd, Hot Springs, AR 71913-9159
      View Details
    • Value Estimation by Request
      11,170 SF

      221 Airport Rd

      SHOPPING CENTER, STRIP CENTER • 11,170 SF
      221 Airport Rd, Hot Springs, AR 71913-4060
      View Details
    • Value Estimation by Request
      24,620 SF

      2550 Airport Rd

      SHOPPING CENTER, STRIP CENTER • 24,620 SF
      2550 Airport Rd, Hot Springs National Park, AR 71913-9271
      View Details
    • Value Estimation
      $630,000
      28,750 SF

      1331 Airport Rd, Unit 1335

      SHOPPING CENTER, STRIP CENTER • 28,750 SF
      1331 Airport Rd, Lake Hamilton, AR 71913-8024
      View Details

    Similar Nearby for Sale

    • $549,000
      4.79 Acres

      Highway Frontage Commercial Property

      4.79 acres with highway frontage, ideal for development.
      3435 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $3,000,000
      36,610 SF

      70 West Shopping Center: Hot Springs, AR

      Prime Retail Center: Vacant, High Traffic
      207 Airport Rd, Hot Springs, AR 71913
      View Details
    • $2,200,000
      17,248 SF

      Hot Springs Shopping Center For Sale

      Commercial investment property with high occupancy in a prime location.
      5401 Central Ave, Hot Springs, AR 71913
      View Details
    • $349,900
      5,788 SF

      Hot Springs Building and Land

      Investment or user opportunity in Hot Springs, Arkansas.
      805 Hobson Ave, Hot Springs, AR 71913
      View Details
    • $1,100,000
      4,064 SF

      Retail Building on Central Avenue

      Retail building on corner lot with high traffic and visibility.
      5462 Central Ave, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      14,422 SF

      Walgreens NNN Lease For Sale

      Walgreens NNN lease extended through 2038 for sale.
      1800 Airport Rd, Hot Springs, AR 71913
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leased Retail Center Near Sutherlands

      Value-add neighborhood center shadow-anchored by Sutherlands, 100% leased.
      1819 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $6 SF/Yr
      36,610 SF

      Hot Springs Retail Center For Sale/Lease

      Prime retail space, high traffic, excellent visibility.
      207 Airport Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing

      Central Avenue Shopping Center Space

      14,700 SF shopping center with one space available.
      3539 Central Ave, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      850 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near national park.
      1607-1609 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      2,388 SF

      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
      1412 Higdon Ferry Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing

      Retail Space in South Ridge

      Retail space for lease in a well-situated Hot Springs location.
      5401 Central Ave, Hot Springs, AR 71913
      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.
    315 Section Line Rd, Unit 321
    Hot Springs, AR 71913-6480
    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!