Furnished Townhome with Private
For Sale
$139,500
118 Emperado Way, Hot Springs Village, AR 71909
Residential, Townhouse, Hot Springs Village, AR
Property Size1,028 SF
Lot Size0.02 Acres
Price / SF$135.70
Days on Market51
Property Features for 118 Emperado Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1, Laundry Room
Appliances
Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Coffee/Espresso Machine
Subdivision
Desoto Courts Townhouse 1
Lot features
Sloped, In Subdivision
Directions
Enter the West Gate onto Desoto Blvd. Travel approximately 2 miles. Take a left onto Emperado Way, take the first right onto Emperado Way, ease around the first left curve. The townhouse is the 4th unit down on the left side of the street.
Standard status
Active
APN
200-14700-008-000
Size
1,028 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Description
lot/block 001/118
Tax Annual Amount
632
HOA Fee
$116 Monthly
Legal Description
lot/block 001/118
Amenities
golf courses
lakes
pickleball
tennis
fitness center
walking trails
restaurants
marinas
Building Details
Year built
1971
Floors in Building
2
Flooring type
Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Taylor Realty Group HSV
(501) 463-9506
Listed By:
Janae Cook Richards
(501) 282-4430
Added: Jul 22
Changed: Sep 10
Last Checked: Sep 10 at 9:06PM
MLS# 26030410
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully furnished townhome offers low-maintenance living with modern updates throughout. The home includes two bedrooms and 1.5 bathrooms, luxury vinyl plank flooring, fresh interior paint, updated lighting, and ceramic tile in the primary bath. Additional upgrades include new toilets, a new water heater, a new microwave, and a new dryer. A composition roof was replaced in July 2026. A private fenced patio with a landscaped seating area provides outdoor space for relaxing and entertaining.
Set in Hot Springs Village, within a gated community, the townhome is located across from DeSoto Golf Course and just minutes from the West Gate, shopping, and dining.
Built in 1971, this townhome is designed for straightforward day-to-day use and is presented move-in ready with included furnishings and appliances.
Set in Hot Springs Village, within a gated community, the townhome is located across from DeSoto Golf Course and just minutes from the West Gate, shopping, and dining.
Built in 1971, this townhome is designed for straightforward day-to-day use and is presented move-in ready with included furnishings and appliances.
Key Highlights
- 0.02‑acre townhome lot with 1,028 SF interior space
- Two bedrooms and 1.5 baths
- Fully furnished and move‑in ready
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,344
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,880
$126.9K
Cap Rate 7%
$90,629
$90.6K
Cap Rate 9%
$70,489
$70.5K
Market Conditions
NOI Build-Up for 1,028 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.3K $12.00/SF
− Vacancy
−$802 −$0.78/SF
EGI
$11.5K $11.22/SF
− OpEx
−$5.2K −$5.05/SF
NOI
$6.3K $6.17/SF
Area
Garland County, AR
Vacancy
6.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$126,880
Cap Rate 7%
$90,629
Cap Rate 9%
$70,489
Alternative Uses
Best Use
Apartment 5plus
$90.6K
$79.3K – $105.7K
NOI $6,344 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 71909, AR
17,935
Population
10,563
Households
1.7
Avg Household Size
67
Median Age
33%
College-Educated
97%
High-School Grad
79.3 sq mi
ZIP Area
226
Density / Sq Mi
$69,171
Median Household Income
$31,165
Median Earnings
$1,143
Median Rent
$255,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready, fully furnished townhome with two bedrooms, 1.5 baths, and a private fenced patio
Where is this single family property located?
The property is located at 118 Emperado Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $139,500.
What are key features of this property?
This property features: 0.02‑acre townhome lot with 1,028 SF interior space; Two bedrooms and 1.5 baths; Fully furnished and move‑in ready
