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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Motels
3404 Central Ave Hot Springs, AR 71913-6277
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0399225
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2009
Total area
50,418 SF
Lot
1.98 ac (86,075 SF)
APN
400-71550-001-000C
UPID
US05-0399225
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
-
Candlewood Suites, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.19M
Owner & transaction history
Almham Corp · 8 yrs held
Almham Corp
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+25.0%
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
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,175,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,470,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±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
$24 / 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
$43,534
Tax year 2024
Assessed value
$963,140
Assessed 2024
Previous assessed
$963,140
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$130,920
Assessed improvement
$832,220
Land market value
$654,600
Improvement market value
$4,161,100
Total market value
$4,815,700
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Stories
3
Units
95
Total area
50,418 SF
Lot
1.98 ac (86,075 SF)
APN
400-71550-001-000C
UPID
US05-0399225
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
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
HOTEL/MOTEL Current
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
Heating
FORCED AIR
Stories
3
Units
95
Lot
1.98 ac
Current owner
From public records · entity-resolved
Almham Corp
Entity
Mailing address
136 LK FRST SHRS DR, HOT SPRINGS, AR 71913-8993
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2025
—
Almham Corporation
—
Deed
related
$4,400,000 · Arvest Bank
Dec 4, 2017
—
Almham Corp
Al-wali LLC
Quit Claim Deed
related
$5,450,000 · Bank Of The Ozarks
Dec 27, 2016
—
Al-wali LLC
Almham Corp
Warranty Deed
$4,300,000 · Ablp Reit LLC
Dec 21, 2009
$6,000,000
Almham Corp
Akshar 5 LLC
Grant Deed
$5,475,000 · Akshar 5 LLC
Jun 24, 2009
$6,400,000
Akshar 5 LLC
Akshar 15 LLC
Warranty Deed
related
—
Jun 8, 2007
—
Akshar 15 LLC
Vora,shailesh & Chetna
Warranty Deed
—
Jul 27, 2006
$465,000
Shailesh Vora
Meyers,larry W & Janice H
Warranty Deed
related
—
Jun 7, 2004
—
Julio Rios
Owner Name Unavailable
Grant Deed
related
—
Jul 21, 2003
—
Wilber Perez
Owner Name Unavailable
Grant Deed
related
—
Oct 12, 2002
—
Gonzalo Burgueno
Owner Name Unavailable
Grant Deed
related
—
—
—
Akshar 5 LLC
—
Loan Modification
related
—
—
—
Akshar 5 LLC
—
Deed Of Trust
related
—
—
—
Akshar 5 LLC
—
Loan Modification
related
$4,274,688 · First National Bank
—
—
Akshar 15 LLC
—
Deed Of Trust
related
—
—
—
Akshar 15 LLC
—
Deed Of Trust
related
—
—
—
Akshar 5 LLC
—
Loan Modification
related
$3,800,000 · First National 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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