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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3539 Central Ave Hot Springs, AR 71913

    • Individual retail properties
    • 14,700 SF
    • 1.40 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimations
    $345,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2245314
    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

    • Simple Nutrition / Health Food Restaurant / Health Food Store
    • Abby Road / Tobacco Shop / Vaporizer Store
    • The Specific Chiropractic Centers - Hot Springs / Chiropractor
    • Mary's Nails & Spa / Nail Salon / Massage Spa
    • Pizza Hut / Pizza Delivery / Chicken Wings Restaurant

    Property Details for 3539 Central Ave

    Year built
    2013
    Lot size
    1.40 lot acres
    Property size
    14,700 SF
    Property type
    Individual retail properties
    APN
    400-54850-022-000
    APU
    40054850022000

    Description

    This single-story, 14,700 square foot retail building is located at 3539 Central Avenue in Hot Springs, Arkansas. Built in 2013, this Class C property sits on a 1.4-acre lot and features nine suites with a total of 3,807 square feet currently vacant. Two available spaces offer 1,425 and 2,382 square feet respectively, each with a gross lease rate of $19.00 per square foot. The property enjoys high visibility on Central Avenue, boasting approximately 26,000 daily vehicle counts. Current tenants include established businesses such as Pizza Hut, Mary's Nails & Spa, and The Specific Chiropractic Center. Its proximity to Oaklawn Racing Casino and Resort provides exceptional access to a large customer base. The property's APN is 400-54850-022-000, and it's situated in Garland County, Arkansas, zip code 71913. This presents a strong opportunity for businesses seeking high-traffic retail space in a thriving Hot Springs location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0584
    Latitude
    34.4695
    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
    $19,452
    $152,200
    $278,150
    $430,350
    -
    $761,000
    $1,390,750
    $2,151,750

    Comparable in this City

    • Value Estimation
      $200,000
      2,880 SF

      6700 Central Ave

      LIQUOR STORE • 2,880 SF
      6700 Central Ave, Hot Springs National Park, AR 71913
      View Details
    • Value Estimation
      $205,000
      5,096 SF

      3136 Albert Pike Rd

      BARBER, HAIR SALON • 5,096 SF
      3136 Albert Pike Rd, Hot Springs National Park, AR 71913-2651
      View Details
    • Value Estimation by Request
      3,220 SF

      720 Albert Pike Rd

      LAUNDROMAT (SELF-SERVICE) • 3,220 SF
      720 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • Value Estimation
      $180,000
      1,102 SF

      1474 Airport Rd

      BARBER, HAIR SALON • 1,102 SF
      1474 Airport Rd, Hot Springs National Park, AR 71913-7954
      View Details
    • Value Estimation
      $255,000
      4,800 SF

      4738 Central Ave

      LIQUOR STORE • 4,800 SF
      4738 Central Ave, Hot Springs, AR 71913-7406
      View Details
    • Value Estimation
      $230,000
      11,010 SF

      235 Massey Rd

      GYM, HEALTH SPA • 11,010 SF
      235 Massey Rd, Hot Springs National Park, AR 71913
      View Details

    Similar Nearby for Sale

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      Hot Springs Mixed-Use Opportunity

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    • $1,800,000
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      7,200 SF showroom and offices on 1.9 acre lot.
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      Industrial Building with Leased Store

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    Similar Nearby for Lease

    • $3,000,000
      36,610 SF

      Retail Space in Commercial Corridor

      36,610 SF retail space in busy commercial area.
      201-207 Airport Rd, Hot Springs, AR 71913
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      Retail Space on Central Avenue

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    • Contact for pricing
      1,420 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near national park.
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    • $25 SF/Yr
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      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
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    • $2,200 /Mo
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      Versatile Flex Space Available

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      View Details
    • $42 SF/Yr
      2,550 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru centrally located in Hot Springs.
      1382-1384 Higdon Ferry Rd, Hot Springs National Park, AR 71913
      View Details
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    3539 Central Ave
    Hot Springs, AR 71913
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    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
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