Residential Income Townhome with Golf
For Sale
$129,900
173 Cordero Lane, Hot Springs Village, AR 71909
CONDOS - Hot Springs Village, AR
Property Size1,028 SF
Price / SF$126.36
Days on Market120
Property Features for 173 Cordero Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1
Patio and Porch features
Patio, Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Ceiling Fan(s)
Exterior features
Deck, Covered Patio
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays
Subdivision
Desoto Courts #2
Lot features
Level, Common to Golf Course, Golf View
Directions
From West Gate, (L) Emperado Way, (L) Cordero Ln. Property on Right
Standard status
Active
Size
1,028 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 173 Block 2
Tax Annual Amount
503
HOA Fee
$116 Monthly
Legal Description
Lot 173 Block 2
Amenities
covered back deck
Building Details
Year built
1971
Floors in Building
2
Flooring type
Laminate, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX of Hot Springs Village · RE/MAX International
(501) 922-3777
Listed By:
Jane Hollansworth · License #sa00040771
(501) 922-8177
Added: Apr 10
Changed: Aug 2
Last Checked: Aug 7 at 12:06PM
MLS# 26014216
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.
Well-maintained two-story townhome with golf course views, set on DeSoto Golf Course in Hot Springs Village. The home offers a functional layout with both bedrooms on the same level and a comfortable living space that opens to a covered back deck—ideal for relaxing and entertaining. The layout separates the kitchen and living areas from the bedrooms for added privacy. Interior features include washer and dryer connections, ceiling fans, and a mix of laminate and carpet flooring. Exterior amenities include a deck and covered patio. The roof is shingle.
Built in 1971, the townhome includes recent improvements such as a newer HVAC system (approx. 2 years old), a new hot water heater (2025), updated flooring throughout (within the last 6 months), and a remodeled primary bath (2024). Appliances include built-in stove, microwave, electric range, dishwasher, disposal, and a refrigerator (2025) with a dryer (2024). Washer, dryer, refrigerator, and some furnishings are noted to convey.
Conveniently positioned about 5 minutes from the pickleball courts and close to local amenities in Hot Springs Village, this property may appeal as a low-maintenance residence, weekend retreat, or investment setting.
Built in 1971, the townhome includes recent improvements such as a newer HVAC system (approx. 2 years old), a new hot water heater (2025), updated flooring throughout (within the last 6 months), and a remodeled primary bath (2024). Appliances include built-in stove, microwave, electric range, dishwasher, disposal, and a refrigerator (2025) with a dryer (2024). Washer, dryer, refrigerator, and some furnishings are noted to convey.
Conveniently positioned about 5 minutes from the pickleball courts and close to local amenities in Hot Springs Village, this property may appeal as a low-maintenance residence, weekend retreat, or investment setting.
Key Highlights
- Two‑story townhome with golf course views on DeSoto Golf Course
- Covered back deck plus deck and covered patio
- 1,028 square feet built in 1971
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
4.88%
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 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, two-bath townhome on DeSoto Golf Course with a covered back deck and recent interior updates.
Where is this residential income property located?
The property is located at 173 Cordero Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $129,900.
What are key features of this property?
This property features: Two‑story townhome with golf course views on DeSoto Golf Course; Covered back deck plus deck and covered patio; 1,028 square feet built in 1971
