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Property profile & analytics
OFF-MARKET
Office buildings
450 Lakeland Dr, Hot Springs, AR 71913-7629
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US05-0012708
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
2,128 SF
Lot
1.98 ac (86,249 SF)
APN
300-08952-000
UPID
US05-0012708
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
-
Kelly Systems Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Midark Investors Construction Company General Contractor
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
Base Enterprises LLC · 1 yrs held
Base Enterprises LLC
since 2024
Last sale
$170,000
7 recorded transactions
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
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
$2,133
Tax year 2024
Assessed value
$47,200
Assessed 2024
Previous assessed
$47,200
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$16,790
Assessed improvement
$30,410
Land market value
$83,950
Improvement market value
$152,050
Total market value
$236,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,128 SF
Lot
1.98 ac (86,249 SF)
APN
300-08952-000
UPID
US05-0012708
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
2003
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.98 ac
Current owner
From public records · entity-resolved
Base Enterprises LLC
Entity
Mailing address
PO BOX 22093, HOT SPRINGS, AR 71903-2093
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
27 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2024
$170,000
Base Enterprises LLC
Christy Jean Hensley
Warranty Deed
$217,600 · First Security Bank
Dec 6, 2019
—
Mid-ark Investors LLC
—
Deed
related
$90,481 · Malvern Nat'l Bk
Nov 28, 2018
—
Mid-ark Investors LLC
—
Deed
related
$997,910 · Malvern Nat'l Bk
Jan 25, 2018
—
Mid Ark Investors LLC
—
Deed
related
$26,887 · The Malvern National Bank
Nov 28, 2016
—
Mid-ark Investors LLC
—
Deed
related
$227,912 · Malvern Nat'l Bk
Dec 19, 2011
$125,000
Timothy G Mitchell
Mid-ark Investors LLC
Warranty Deed
$85,000 · Malvern National Bank
Aug 23, 2011
—
Mid-ark Investors LLC
—
Trustees Deed
related
$325,000 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$871,200 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$196,696 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$195,271 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$227,912 · Malvern Nat'l Bk
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$118,552 · Malvern Nat'l Bk
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$195,271 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$299,067 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$855,410 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$871,200 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$140,847 · Malvern Nat'l Bk
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$152,975 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$299,067 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Deed Of Trust
related
$265,300 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$1,147,348 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$265,300 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$90,481 · Malvern Nat'l Bk
—
—
Bella Torre LLC
—
Deed Of Trust
related
$1,032,967 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$299,067 · Malvern National Bank
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$997,910 · Malvern Nat'l Bk
—
—
Mid-ark Investors LLC
—
Loan Modification
related
$214,451 · Malvern Nat'l Bk
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.
Try Rey
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