New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
517 Park Ave, Hot Springs, AR 71901-3506
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0239451
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1951
Total area
3,444 SF
Lot
0.19 ac (8,494 SF)
APN
400-28350-002-000
UPID
US05-0239451
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
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
Avaycay LLC · 4 yrs held
Avaycay LLC
since 2022
Last sale
$315,000
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
$1,662
Tax year 2024
Assessed value
$36,770
Assessed 2024
Previous assessed
$36,770
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$7,230
Assessed improvement
$29,540
Land market value
$36,150
Improvement market value
$147,700
Total market value
$183,850
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
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1951
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
3,444 SF
Lot
0.19 ac (8,494 SF)
APN
400-28350-002-000
UPID
US05-0239451
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
1951
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Avaycay LLC
Entity
Mailing address
254 5TH PTS RD, HOT SPRINGS, AR 71913-8200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
—
Avacay LLC
—
Deed
related
$777,000 · Gateway Bank Fsb
Jan 10, 2022
$315,000
Avaycay LLC
Jacqueline L Gould
Warranty Deed
$700,000 · Gateway Bank Fsb
Mar 19, 2018
—
Monolith Properties Corp
Hurst,q B JR & Rita M
Quit Claim Deed
related
—
Sep 27, 2016
$212,000
Mcdonald Trust
Monolith Properties Corp
Warranty Deed
related
$101,150 · Private Individual
Jun 27, 2016
$103,680
Monolith Properties Corp
Martinez,fermin
Warranty Deed
—
Apr 16, 2008
$50,000
Fermin Martinez
Still,ben & Allison
Warranty Deed
related
—
Mar 10, 2008
$45,000
Ben Still
Thum,adolf
Warranty Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 517 Park Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
