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Property profile & analytics
FOR LEASE
Strip malls
5401 Central Ave, Hot Springs, AR 71913
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-2186490
For Lease
1 / 6
$12 SF/Yr
5401 Central Ave, Hot Springs, AR 71913
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Property summary
AI-generated overview
South Ridge Plaza, located at 5401 Central Ave in Hot Springs, Arkansas, offers a prime retail leasing opportunity. This multi-tenant strip retail center comprises three single-story buildings totaling 17,140 square feet on a 1.6-acre lot. Built in 2000 and renovated in 2019, the property features excellent visibility thanks to a prominent pylon sign along Highway 7. Currently, one 2,200 square foot suite is available for lease at $12 per square foot, including a tenant finish allowance. The space is currently unfinished. The plaza boasts ample parking and is handicap accessible. Its location on the busy Central Avenue corridor provides access to a substantial market, with over 16,700 households within a 5-mile radius exhibiting strong average incomes. This established commercial area in Hot Springs presents a compelling opportunity for businesses seeking high visibility and convenient access to a dense population base. Garland County location and zip code 71913.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Total area
12,930 SF
Lot
1.38 ac (60,113 SF)
APN
200-38900-002-000
UPID
US05-2186490
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
-
Doc Penny's Billiards Arcade & Gaming Center
-
High Achievers legal cannabis (Bike/Boat/Book/etc) Store
-
Simple Simon's Pizza Take-out & Catering
-
Natural State Dance Company Theater & Performing Art Venue Training Center
-
Noelle Stephens - State Farm Insurance Agent Insurance Agency
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
BROWN, JOHN F PROPERTIES LLC
BROWN, JOHN F PROPERTIES 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
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
$9,328
Tax year 2024
Assessed value
$207,760
Assessed 2024
Previous assessed
$207,760
+0.0% YoY
Effective rate
4.49%
On assessed value
Assessed land
$60,040
Assessed improvement
$147,720
Land market value
$300,200
Improvement market value
$738,600
Total market value
$1,038,800
Applied tax rate
90.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2001
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
11
Total area
12,930 SF
Lot
1.38 ac (60,113 SF)
APN
200-38900-002-000
UPID
US05-2186490
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
2001
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
11
Lot
1.38 ac
Current owner
From public records · entity-resolved
BROWN, JOHN F PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1898 E GRAND AVE, HOT SPRINGS, AR 71901-4801
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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