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Property profile & analytics
OFF-MARKET
Strip malls
3970 Park Ave, Hot Springs National Park, AR 71901-9111
Entity Owned
Free & Clear
Property ID
US05-0247714
Property summary
AI-generated overview
Exceptional opportunity to acquire "The Bull Pit BBQ," a thriving barbecue restaurant business in Hot Springs, Arkansas. Priced at $90,000, this turn-key operation includes all equipment, a wood smoker, and a trailer. The business occupies a leased 980 square-foot space within the Fountain Lake Center, complemented by an additional 400 square-foot smoker shed. This prime location near Fountain Lake School benefits from strong local demographics, with an average household income exceeding $70,756 within a 5-minute radius. The sale encompasses the established business and its assets
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Total area
20,209 SF
Lot
2.73 ac (118,919 SF)
APN
100-04936-000
UPID
US05-0247714
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
-
Fancy Schmancy Vintage Boutique (Bike/Boat/Book/etc) Store
-
Fancy Schmancy Rustic Crafts (Bike/Boat/Book/etc) Store Printing Service
-
Movie Magic Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Buzz Too Bar & Pub
-
Spa City Doughnuts Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
WILSON, HERMAN LUMBER CO
WILSON, HERMAN LUMBER CO
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 National Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hot Springs National Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,669
Tax year 2024
Assessed value
$147,630
Assessed 2024
Previous assessed
$147,630
+0.0% YoY
Effective rate
3.84%
On assessed value
Assessed land
$11,830
Assessed improvement
$135,800
Land market value
$59,150
Improvement market value
$679,000
Total market value
$738,150
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1976
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
23
Total area
20,209 SF
Lot
2.73 ac (118,919 SF)
APN
100-04936-000
UPID
US05-0247714
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
Building & site characteristics
From public records
Year built
1976
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
23
Lot
2.73 ac
Current owner
From public records · entity-resolved
WILSON, HERMAN LUMBER CO
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 1619, HOT SPRINGS, AR 71902-1619
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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