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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
913 Airport Rd Hot Springs, AR 71913-4619
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0041725
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Construction
TYPE NOT SPECIFIED
Total area
18,716 SF
Lot
5.14 ac (223,898 SF)
APN
300-13277-000C
UPID
US05-0041725
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
-
MyStorage.com Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.33M
Owner & transaction history
Mhc 306 LLC · 1 yrs held
Mhc 306 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.6M
+76.3%
Auto repair, garage
$1.1M
+24.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,460,000
6.5%
$1,350,000
7%
$1,255,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$880,000
Current use
RETAIL STORES
$1,555,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,100,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$71 / SF
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
$18,977
Tax year 2024
Assessed value
$419,840
Assessed 2024
Previous assessed
$419,840
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$80,450
Assessed improvement
$339,390
Land market value
$402,250
Improvement market value
$1,696,950
Total market value
$2,099,200
Applied tax rate
61.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
NONE
Buildings
6
Stories
1
Units
400
Bathrooms
2
Total area
18,716 SF
Lot
5.14 ac (223,898 SF)
APN
300-13277-000C
UPID
US05-0041725
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$880,000
RETAIL STORES
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Construction
TYPE NOT SPECIFIED
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
400
Bathrooms
2
Lot
5.14 ac
Current owner
From public records · entity-resolved
Mhc 306 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
817 EDSWOOD RD, LITTLE ROCK, AR 72223-5925
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2026
—
Mhc 306 Hot Springs Ar LLC
—
Deed
related
$22,000,000 · Blackstone Treasury Holdings Torro LLC
Jan 24, 2025
$2,285,500
Mhc 306 LLC
Airport Road Storage LLC
Deed
related
—
Dec 22, 2022
—
Airport Road Storage LLC
—
Deed
related
$500,000 · Eagle Bank & Trust Co
Apr 19, 2021
—
Airport Road Storage LLC
—
Deed
related
$1,126,250 · Eagle Bank & Trust Co
Oct 20, 2020
$1,325,000
Airport Road Storage LLC
Clifton Kim LLC
Warranty Deed
$2,216,375 · Eagle Bank & Trust Co
Sep 26, 2018
—
Clifton Kim LLC
—
Deed
related
$1,500,000 · Southern Bancorp Bank
May 1, 2014
$735,000
Clifton Kim LLC
Carner Family Trust
Grant Deed
$900,000 · Summit Bk
Dec 11, 2006
—
Carner Family Trust
Carner,harry M & Bonnie J
Quit Claim Deed
—
Apr 9, 1997
$700,000
Harry M Carner
Owner Name Unavailable
Warranty Deed
related
—
Apr 9, 1997
—
Worldwide Capital Corp
Owner Name Unavailable
Warranty Deed
related
—
—
—
Clifton Kim LLC
—
Loan Modification
related
$900,000 · Bank Of The Ozarks
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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