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Property profile & analytics
FOR LEASE
Individual retail properties
3539 Central Ave, Hot Springs, AR 71913
Entity Owned
9-yr Hold
Free & Clear
Property ID
US05-2245314
For Lease
$19 SF/Yr
3539 Central Ave, Hot Springs, AR 71913
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
2013
Total area
14,700 SF
Lot
1.4 ac (60,810 SF)
APN
400-54850-022-000
UPID
US05-2245314
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
-
Simple Nutrition Restaurant
-
Abby Road (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
The Specific Chiropractic Centers - Hot Springs Alternative Medicine Practice
-
Mary's Nails & Spa Nail Salon
-
Pizza Hut Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.62M
Owner & transaction history
D & T ENTERPRISES HOT SPRINGS LLC
D & T ENTERPRISES HOT SPRINGS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,925,000
Current use
COMMERCIAL (GENERAL)
$1,785,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±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
$110 / 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
$19,452
Tax year 2024
Assessed value
$430,350
Assessed 2024
Previous assessed
$430,350
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$152,200
Assessed improvement
$278,150
Land market value
$761,000
Improvement market value
$1,390,750
Total market value
$2,151,750
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
For Lease
Year built
2013
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,700 SF
Lot
1.4 ac (60,810 SF)
APN
400-54850-022-000
UPID
US05-2245314
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
COMMERCIAL (GENERAL)
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
2013
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
D & T ENTERPRISES HOT SPRINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3539 CENTRAL AVE, HOT SPRINGS, AR 71913-6202
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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