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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5500 Central Ave Hot Springs National Park, AR 71913-9712

    • Drug stores
    • 4,680 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2022
    $530,000
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    7.4%
    Drug stores
    Location Intelligence
    Property ID
    US05-0067740
    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.

    Current Use by Public Records

    • Salon Riante / Hair Salon
    • Edward Jones - Financial Advisor: Adria A Castleman, CFP®|ChFC® / Financial Advisor
    • Adia Capital LLC / Loan Service / Financial Advisor
    • Wagnon Physical Therapy / Medical Clinic
    • Edward Jones - Financial Advisor / Financial Advisor

    Property Details for 5500 Central Ave

    Year built
    2003
    Lot size
    0.67 lot acres
    Property size
    4,680 SF
    Property type
    Drug stores
    APN
    100-16245-000C
    APU
    10016245000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $425,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $570,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $597,000
      Market price range: $131k - $597k
      AI Estimate
      $365,000
      Market price range: $112k - $365k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $390,000
      Current use
      OFFICE BUILDING
      $660,000
      Change: +70% Conversion: Easy
      COMMERCIAL (GENERAL)
      $570,000
      Change: +47% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs National Park
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0959
    Latitude
    34.4246
    CBSA code
    26300
    CBSA name
    HOT SPRINGS, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $6,405
    $33,710
    $108,940
    $142,650
    -
    $168,550
    $544,700
    $713,250

    Comparable in this City

    • Value Estimation
      $1,465,000
      13,428 SF

      3631 Central Ave

      DRUG STORE, PHARMACY • 13,428 SF
      3631 Central Ave, Hot Springs, AR 71913-6404
      View Details
    • Value Estimation by Request
      1,800 SF

      117 Greenwood Ave

      DRUG STORE, PHARMACY • 1,800 SF
      117 Greenwood Ave, Hot Springs, AR 71913-4428
      View Details
    • Value Estimation by Request
      1,502 SF

      107 Crawford St

      DRUG STORE, PHARMACY • 1,502 SF
      107 Crawford St, Hot Springs, AR 71913-6136
      View Details
    • Value Estimation
      $1,455,000
      13,342 SF

      3630 Central Ave

      DRUG STORE, PHARMACY • 13,342 SF
      3630 Central Ave, Hot Springs, AR 71913-6403
      View Details
    • Value Estimation
      $4,200,000
      14,622 SF

      1800 Airport Rd

      DRUG STORE, PHARMACY • 14,622 SF
      1800 Airport Rd, Hot Springs National Park, AR 71913-5396
      View Details
    • Value Estimation
      $1,630,000
      14,950 SF

      1404 Albert Pike Rd

      DRUG STORE, PHARMACY • 14,950 SF
      1404 Albert Pike Rd, Hot Springs, AR 71913-4055
      View Details

    Similar Nearby for Sale

    • $119,000
      1,842 SF

      Hot Springs Mixed-Use Opportunity

      Mixed-use property with retail space and live-work potential.
      251 Hobson Ave, Hot Springs, AR 71913
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    • $580,587
      4,238 SF

      Industrial Building with Leased Store

      Industrial building with leased tobacco store on a 1.04-acre lot.
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      View Details
    • $5,053,000
      6,549 SF

      Retail Investment Opportunity

      Retail property with long-term leases and strong tenant profiles.
      4104 Central Ave, Hot Springs National Park, AR 71913
      View Details
    • $450,000
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      Central Avenue Commercial Property

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      3520 Central Ave, Hot Springs, AR 71913
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    Similar Nearby for Lease

    • Contact for pricing
      1,420 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near national park.
      1607-1609 Albert Pike Rd, Hot Springs, AR 71913
      View Details
    • $25 SF/Yr
      2,388 SF

      Retail Space Near Major Anchors

      Retail space with high traffic and easy access.
      1412 Higdon Ferry Rd, Hot Springs, AR 71913
      View Details
    • $2,200 /Mo
      3,640 SF

      Versatile Flex Space Available

      Three buildings for lease with yard space in Hot Springs.
      137 Stonewall St, Hot Springs, AR 71913
      View Details
    • $42 SF/Yr
      2,550 SF

      Retail Space with Drive-Thru

      Retail space with drive-thru centrally located in Hot Springs.
      1382-1384 Higdon Ferry Rd, Hot Springs National Park, AR 71913
      View Details
    • $18,000 /Mo
      14,019 SF

      Former Car Dealership For Rent

      14,019 SF commercial space ideal for retail or showroom.
      4318 Central Ave, Hot Springs, AR 71913
      View Details
    • $8,400 /Mo
      15,915 SF

      Hot Springs Industrial Portfolio

      Six-Building Warehouse Complex For Lease
      135 Stonewall St, Hot Springs, AR 71913
      View Details
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    5500 Central Ave
    Hot Springs National Park, AR 71913-9712
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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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