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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Hotels
320 Nash St, Hot Springs, AR 71913-6413
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0042979
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
63,122 SF
Lot
2.94 ac (128,066 SF)
APN
400-20600-001-000
UPID
US05-0042979
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
-
St vincent chi hospital Hospital
-
Comfort Suites Near Hot Springs Park Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.19M
Owner & transaction history
Spa City Investments LLC · 18 yrs held
Spa City Investments LLC
since 2008
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+115.2%
Retail stores
$3.1M
+113.1%
Warehouse, storage
$2.6M
+79.9%
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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,470,000
Current use
AUTO REPAIR, GARAGE
$3,165,000
Change: +115% · Conversion: Difficult
RETAIL STORES
$3,130,000
Change: +113% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,645,000
Change: +80% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,840,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±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
$35 / 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
$63,346
Tax year 2024
Assessed value
$1,401,460
Assessed 2024
Previous assessed
$1,401,460
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$157,720
Assessed improvement
$1,243,740
Land market value
$788,600
Improvement market value
$6,218,700
Total market value
$7,007,300
Applied tax rate
61.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
93
Bathrooms
2
Total area
63,122 SF
Lot
2.94 ac (128,066 SF)
APN
400-20600-001-000
UPID
US05-0042979
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
HOTEL/MOTEL Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
2009
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
93
Bathrooms
2
Lot
2.94 ac
Current owner
From public records · entity-resolved
Spa City Investments LLC
Entity
Free & Clear · 18 yrs held
Mailing address
3627 CENTRAL AVE, HOT SPRINGS, AR 71913-6404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2021
—
Spa City Investments LLC
—
Deed
related
$3,685,000 · First Security Bank
Mar 1, 2019
—
Spa City Investments LLC
—
Deed
related
$500,000 · Relyance Bk NA
Apr 18, 2018
—
Spa City Investments LLC
—
Deed
related
—
Feb 25, 2008
—
Spa City Investments LLC
Jsp Dev INC
Quit Claim Deed
related
—
May 10, 2005
$700,000
Jsp Dev INC
Melson Family Trust A
Grant Deed
$700,000 · Metropolitan National Bank
Oct 9, 2003
—
Melson Fam Trust A|melson Fam Trust B
Owner Name Unavailable
Grant Deed
related
—
Jul 25, 2003
—
Melson Family Trust|melson,glenneth C & Edith P
Owner Name Unavailable
Warranty Deed
related
—
—
—
Spa City Investments LLC
—
Deed Of Trust
related
$500,000 · Relyance Bk NA
—
—
Jsp Dev INC
—
Loan Modification
related
—
—
—
Spa City Investments LLC
—
Loan Modification
related
—
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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