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    Property profile & analytics

    815 Park Ave Hot Springs, AR 71901-3016

    • Motels
    • 14,983 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $430,000
    Last Sale
    Feb 22, 2023
    Location Intelligence
    Property ID
    US05-2346049
    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

    • Parkway Court / Apartment Complex
    • L&S Automotive / Auto Repair Shop

    Property Details for 815 Park Ave

    Year built
    1940
    Lot size
    0.70 lot acres
    Property size
    14,983 SF
    Property type
    Motels
    APN
    400-28650-004-000C
    APU
    40028650004000C

    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
    -93.051
    Latitude
    34.529
    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
    $2,665
    $12,820
    $46,140
    $58,960
    -
    $64,100
    $230,700
    $294,800

    Comparable in this City

    • Value Estimation by Request
      2,975 SF

      329 Quapaw Ave

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      329 Quapaw Ave, Hot Springs, AR 71901-5223
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    • Value Estimation by Request
      1,600 SF

      404 Reserve St

      Motels • 1,600 SF
      404 Reserve St, Hot Springs, AR 71901
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      $310,000
      5,052 SF

      1611 Central Ave

      MOTEL • 5,052 SF
      1611 Central Ave, Hot Springs, AR 71901-6117
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    • Value Estimation
      $605,000
      23,734 SF

      2520 Central Ave

      MOTEL • 23,734 SF
      2520 Central Ave, Hot Springs, AR 71901-7512
      View Details
    • Value Estimation
      $390,000
      9,490 SF

      231 Fountain St

      MOTEL • 9,490 SF
      231 Fountain St, Hot Springs, AR 71901-3520
      View Details
    • Value Estimation
      $200,000
      4,576 SF

      1535 Central Ave

      MOTEL • 4,576 SF
      1535 Central Ave, Hot Springs, AR 71901-6147
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      1,550 sq ft commercial space in high-traffic area.
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      Retail Space in Hot Springs

      Retail space in growing area near downtown and convention center.
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      Hot Springs Office Space

      Prime Downtown Office Suites Available
      835 Central Ave, Hot Springs, AR 71901
      View Details
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    815 Park Ave
    Hot Springs, AR 71901-3016
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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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