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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
929 Airport Rd Hot Springs, AR 71913-4624
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0071298
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Total area
11,010 SF
Lot
1.1 ac (47,916 SF)
APN
300-13270-000C
UPID
US05-0071298
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
-
Wilson Real Estate Auctioneers, Inc Real Estate Agency
-
Lock & Stor Moving Company Storage Facility
-
Robert Jon MD Pediatrician Medical Clinic
-
Security Archives of Arkansas, LLC Recycling Center Waste Management Facility
-
Margaret Stueart Counselor Psychologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$783k
Blend (final)
Blend
$760k
Owner & transaction history
Arl3306hs LP · 3 yrs held
Arl3306hs LP
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$915,000
+76.3%
Auto repair, garage
$650,000
+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%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$520,000
Current use
RETAIL STORES
$915,000
Change: +76% · Conversion: Moderate
AUTO REPAIR, GARAGE
$650,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$69 / 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
$6,457
Tax year 2024
Assessed value
$142,850
Assessed 2024
Previous assessed
$142,850
+0.0% YoY
Effective rate
4.52%
On assessed value
Assessed land
$41,380
Assessed improvement
$101,470
Land market value
$206,900
Improvement market value
$507,350
Total market value
$714,250
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
1996
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Units
133
Total area
11,010 SF
Lot
1.1 ac (47,916 SF)
APN
300-13270-000C
UPID
US05-0071298
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
$520,000
RETAIL STORES
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$650,000
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
1996
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
133
Lot
1.1 ac
Current owner
From public records · entity-resolved
Arl3306hs LP
Entity
Mailing address
400 4820TH RICHARD CALCARY RD SW XX
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Arl3306hs LP
Mini Mall Us Storage Prop Master LP
Correction Deed
related
—
Jun 8, 2021
—
Joe R Wilson
—
Deed
related
$300,000 · Bancorpsouth Bank
Nov 14, 2018
—
Wilson Family Trust
—
Deed
related
$300,000 · Bancorpsouth
Jan 3, 2017
—
Wilson Family Trust
Security Archives Of Arkansas LLC
Grant Deed
related
—
Apr 11, 2011
—
Security Archives Of Arkansas LLC
Wilson Storage Co LLC
Quit Claim Deed
related
$552,354 · Bancorp South Bank
Jan 3, 2006
$570,000
Wilson Family Trust
M & L Investments
Warranty Deed
$803,191 · Regions Bank
Jan 3, 2000
$3,175,000
Jlk INC
Owner Name Unavailable
Warranty Deed
related
—
Mar 2, 1999
$700,000
Robert Mcnanna
Owner Name Unavailable
Warranty Deed
related
—
—
—
Jlk INC
—
Deed Of Trust
related
$662,058 · Simmons First Bank
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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