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    5917 Central Ave Hot Springs National Park, AR 71913
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    Property profile & analytics

    5917 Central Ave, Hot Springs National Park, AR 71913

    View on Map
    • Warehouses
    • 11,400 SF
    • 5.95 lot acres
    For Lease
    $4,166/Mo
    View Listing →
    Retail Building with Open Layout For Lease
    $4,166/Mo
    5,000 SF

    Retail Building with Open Layout

    5,000 SF retail building with ample parking and signage.

    5917 Central, Hot Springs National Park, AR
    View Listing
    Property ID
    US05-2184529
    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

    • Wonderland / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Stephen's Tattoos / Tattoo & Piercing Shop

    Property Details for 5917 Central Ave

    Year built
    1980
    Lot size
    5.95 lot acres
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    100-16308-000
    APU
    10016308000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $820,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $802,000
      Market price range: $303k - $870k
      AI Estimate
      $713,000
      Market price range: $253k - $729k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $535,000
      Current use
      RETAIL STORES
      $945,000
      Change: +76% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $670,000
      Change: +25% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0944
    Latitude
    34.4143
    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
    $6,571
    $83,680
    $62,670
    $146,350
    -
    $418,400
    $313,350
    $731,750

    Comparable in this City

    • Value Estimation by Request
      19,328 SF

      239 Amity Rd

      MINI-WAREHOUSE, STORAGE
      239 Amity Rd, Hot Springs National Park, AR 71913
      View Details
    • Value Estimation
      $2,645,000
      63,016 SF

      2138 Higdon Fry Rd

      MINI-WAREHOUSE, STORAGE
      2138 Higdon Fry Rd, Hot Springs, AR 71913-7273
      View Details
    • Value Estimation
      $915,000
      12,900 SF

      170 Marion Anderson Rd

      MINI-WAREHOUSE, STORAGE
      170 Marion Anderson Rd, Hot Springs National Park, AR 71913
      View Details
    • Value Estimation
      $545,000
      7,700 SF

      260 Marion Anderson Rd

      MINI-WAREHOUSE, STORAGE
      260 Marion Anderson Rd, Hot Springs National Park, AR 71913
      View Details
    • Value Estimation
      $830,000
      12,600 SF

      440 Catherine Park Rd

      MINI-WAREHOUSE, STORAGE
      440 Catherine Park Rd, Hot Springs National Park, AR 71913-2208
      View Details
    • Value Estimation
      $1,265,000
      17,850 SF

      170 Temperance Hl Rd

      MINI-WAREHOUSE, STORAGE
      170 Temperance Hl Rd, Hot Springs, AR 71913-7266
      View Details

    Similar Nearby for Sale

    • $550,000
      7.84 Acres

      Hot Springs Commercial Land Available

      7.84 acres of commercial land in Hot Springs, Arkansas.
      Mountain Pine Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      4,238 SF

      Industrial Building with Leased Store

      Industrial building with leased tobacco store on a 1.04-acre lot.
      1201-1205 Albert Pike Rd, Hot Springs, AR 71913
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    • $489,000
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      Prime Commercial Land Opportunity

      3-acre corner lot ideal for retail, office, or mixed-use development.
      Mcleod St, Hot Springs, AR 71913
      View Details
    • $3,312,000
      47,500 SF

      Spacious Industrial Warehouse with Offices

      47,500 SF warehouse with modern office space on 6.32 acres.
      736 Mid America Blvd, Hot Springs, AR 71913
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    • $169,900
      1,200 SF

      Insulated Metal Building on Large Lot

      Insulated metal building on a spacious lot, ideal for storage.
      122 Kathy Ln, Hot Springs, AR 71913
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    • $489,000
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      Prime Commercial Corner Property

      3-acre commercial property with high visibility and development potential.
      Mcleod St, Hot Springs, AR 71913
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    Similar Nearby for Lease

    • Contact for pricing
      69,750 SF

      Hot Springs Warehouse Space Available

      69,750± SF warehouse with office space for lease.
      154 Centennial Dr, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      3,800 SF

      Industrial Building with Overhead Doors

      3,800 SF industrial building featuring three 14' overhead doors.
      1205 Albert Park Rd, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      1,500 SF

      Hot Springs Flex/Industrial Spaces

      Flex/industrial spaces for lease in Hot Springs, Arkansas.
      135 Stonewall Dr, Hot Springs, AR 71913
      View Details
    • $19 SF/Yr
      14,700 SF

      Hot Springs Retail Center

      Central Ave Strip Mall, 9 Suites
      3539 Central Ave, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      2,070 SF

      Central Avenue Medical Office Space

      Multi-tenant medical office space available for lease on Central Ave.
      3604 Central Ave, Hot Springs, AR 71913
      View Details
    • Contact for pricing
      7,828 SF

      Retail Space in Commercial Corridor

      Former Aaron’s space in a busy commercial area.
      3364 Central Ave, Hot Springs, AR 71913
      View Details
    View Listing
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    Hot Springs National Park, AR 71913
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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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