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    Property profile & analytics

    701 Central Ave Hot Springs, AR 71901-5334

    • Theaters & concert halls
    • 9,774 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $235,000
    Last Sale
    Jul 12, 2021
    $250,000
    Location Intelligence
    Property ID
    US05-2187893
    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

    • Ken Goodman Entertainment / Entertainer
    • Hot Springs Advertising / Corporate Office
    • Hot Springs Bathhouse Dinner Theatre / Dinner Theater
    • Hot Springs Walking Tours / Tour Operator

    Property Details for 701 Central Ave

    Year built
    1925
    Lot size
    0.12 lot acres
    Property size
    9,774 SF
    Property type
    Theaters & concert halls
    APN
    400-27350-006-000
    APU
    40027350006000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.0538
    Latitude
    34.5102
    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
    $5,037
    $59,520
    $51,920
    $111,440
    -
    $297,600
    $259,600
    $557,200

    Comparable in this City

    • Value Estimation by Request
      14,030 SF

      170 Ravine St

      THEATER (MOVIE) • 14,030 SF
      170 Ravine St, Hot Springs, AR 71901-3516
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    • Value Estimation
      $470,000
      28,023 SF

      811 Central Ave

      THEATER (MOVIE) • 28,023 SF
      811 Central Ave, Hot Springs, AR 71901-5397
      View Details
    • Value Estimation
      $210,000
      9,252 SF

      1008 Central Ave

      THEATER (MOVIE) • 9,252 SF
      1008 Central Ave, Hot Springs, AR 71901-5337
      View Details
    • Value Estimation by Request
      13,758 SF

      622 Malvern Ave

      Office Properties & Spaces • 13,758 SF
      622 Malvern Ave, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request

      2600 Block Park Ave

      Land
      2600 Block Park Ave, Hot Springs, AR 71901
      View Details
    • Value Estimation by Request
      1.09 Acres

      Convention Blvd

      Land • 1.09 Acres
      0 Convention Blvd, Hot Springs, AR 71901
      View Details

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    Similar Nearby for Lease

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      Industrial property featuring a secured laydown yard and rail access.
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      Downtown Hot Springs Office Space

      Office space for lease near downtown Hot Springs.
      628 Malvern Ave, Hot Springs, AR 71901
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    701 Central Ave
    Hot Springs, AR 71901-5334
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    Realmo Value Estimation

    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.

    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.

    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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