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    404 Reserve St Hot Springs, AR 71901
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    404 Reserve St Hot Springs, AR 71901

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    • Residential income homes
    Off-Market
    Property ID
    US05-0068432
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Lot Store / Real Estate Agency

    Property Details for 404 Reserve St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a furnished, historic 1920s home in Hot Springs, Arkansas, operating as a highly successful short-term rental (STR). Located just two blocks from both Bathhouse Row and the Hot Springs Civic Center, this property boasts an enviable location within the heart of the city's vibrant tourism district. The home's proven profitability is evidenced by its strong track record as an active and consistently profitable STR. Adding to its appeal, the sale includes an adjoining lot situated at the intersection of Reserve and Civic Streets, providing convenient paved rear access to the property. This additional land offers significant potential for expansion or enhancement of the existing rental operation. The asking price for this turnkey business is $399,000. The property is located at 404 Reserve St, Hot Springs, AR 71901, in Garland County. This is a rare chance to acquire a well-established, profitable business in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0505952
    Latitude
    34.5117855

    Comparable in this City

    • $1,700,000
      6,396 SF

      Versatile Estate with Income Potential

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      468 Rockdale Rd, Hot Springs, AR 71901
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    • $235,000
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      Charming Cottage in Hot Springs

      2022-built cottage near Arlington Hotel, ideal for short-term rentals.
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    • $675,000
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      Restored Multifamily Investment Opportunity

      Turnkey 11-unit property near Hot Springs National Park.
      106 Breeze St, Hot Springs, AR 71901
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    • New
      $550,000
      9,700 SF

      Hot Springs Multifamily Investment Opportunity

      Six-unit apartment building in Hot Springs' legal district.
      200 Hawthorne St, Hot Springs, AR 71901
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    • $295,000
      2,011 SF

      Turnkey Hot Springs Duplex Investment

      Remodeled duplex near downtown and Oaklawn, ideal for short-term rentals.
      1003 W Grand Ave, Hot Springs, AR 71901
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    • $325,000
      7,520 SF

      Historic Knickerbocker Building Opportunity

      Iconic building with limitless potential in a desirable location.
      228 Prospect Ave, Hot Springs, AR 71901
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    Similar Nearby for Sale

    • $1,700,000
      6,396 SF

      Versatile Estate with Income Potential

      Multi-family investment or private sanctuary with agricultural infrastructure.
      468 Rockdale Rd, Hot Springs, AR 71901
      View Details
    • $235,000
      864 SF

      Charming Cottage in Hot Springs

      2022-built cottage near Arlington Hotel, ideal for short-term rentals.
      658 Park Ave, Hot Springs, AR 71901
      View Details
    • $675,000
      14,617 SF

      Restored Multifamily Investment Opportunity

      Turnkey 11-unit property near Hot Springs National Park.
      106 Breeze St, Hot Springs, AR 71901
      View Details
    • New
      $550,000
      9,700 SF

      Hot Springs Multifamily Investment Opportunity

      Six-unit apartment building in Hot Springs' legal district.
      200 Hawthorne St, Hot Springs, AR 71901
      View Details
    • $295,000
      2,011 SF

      Turnkey Hot Springs Duplex Investment

      Remodeled duplex near downtown and Oaklawn, ideal for short-term rentals.
      1003 W Grand Ave, Hot Springs, AR 71901
      View Details
    • $235,000
      864 SF

      Charming Cottage in Hot Springs

      2022-built cottage near Arlington Hotel, suitable for short-term rentals.
      658 Park Ave, Hot Springs, AR 71901
      View Details

    Similar Nearby for Lease

    • $4,975 /Mo
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      Retail Space in Hot Springs

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      249 Ouachita Ave, Hot Springs, AR 71901
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    • $2,500 /Mo
      1,881 SF

      Renovated Commercial Space For Lease

      Renovated commercial space in Hot Springs, ready for lease.
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    • $2,717 /Mo
      1,427 SF

      Retail/Restaurant Space in Hot Springs

      Vacant retail shell space with tenant improvement allowance available.
      155 Carpenter Dam Rd, Hot Springs, AR 71901
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    • Contact for pricing

      Mixed-Use Space in Hot Springs

      Mixed-use space for sale or lease near city transit.
      622 Malvern Ave, Hot Springs, AR 71901
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    • $2,700 /Mo
      2,390 SF

      Hot Springs Professional Center Lease

      Professional center with utilities included in Hot Springs, AR.
      1820 Central Ave, Hot Springs, AR 71901
      View Details
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    404 Reserve St
    Hot Springs, AR 71901
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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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