Kingsbridge Condominium with
For Sale
$165,000
21 Kingsbridge Way, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size1,800 SF
Price / SF$91.67
Days on Market123
Property Features for 21 Kingsbridge Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Den, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Gas
Exterior features
Patio, Fully Fenced, Outside Storage Area
Fencing
Full
Fireplace
1
Appliances
Built-In Stove, Electric Range, Dishwasher, Disposal
Subdivision
KINGSBRIDGE TWNHSE
Lot features
Level, In Subdivision
Directions
Pleasant Valley Drive east on Platte Valley Left onto Kingsbridge Way take the first right and the condo will be on your right.
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 21
Tax Annual Amount
1966
HOA Fee
$350 Monthly
Legal Description
Lot 21
Amenities
pool
green areas
clubhouse
tennis/pickleball
fireplace
courtyard terrace
designated parking
washer/dryer
Building Details
Year built
1974
Floors in Building
2
Flooring type
Vinyl, Carpet, Tile
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Janet Jones Company
(501) 224-3201
Listed By:
Casey Jones
(501) 944-8000
Added: Jun 5
Changed: Sep 22
Last Checked: Oct 5 at 1:06AM
MLS# 26022617
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 1,800-square-foot condominium features three bedrooms and 2.5 baths across two levels. The main floor includes a family room with fireplace, built-in bookshelves, bar area, and access to a courtyard terrace, along with a kitchen, formal dining room, and powder room. Upstairs are the primary suite with an updated bath, two additional bedrooms, a shared bath, and a utility room with washer and dryer. Interior finishes include vinyl, tile, and carpet flooring, while the kitchen is equipped with an electric range, dishwasher, disposal, and built-in stove.
The property also provides assigned parking, a full fence, an outside storage area, and a patio. Kingsbridge includes a pool, green spaces, clubhouse, and tennis and pickleball facilities. Built in 1974, the residence has a composition roof, gas water heater, and electric dryer connection.
The property also provides assigned parking, a full fence, an outside storage area, and a patio. Kingsbridge includes a pool, green spaces, clubhouse, and tennis and pickleball facilities. Built in 1974, the residence has a composition roof, gas water heater, and electric dryer connection.
Key Highlights
- 1,800 SF condominium with three bedrooms and 2.5 baths
- Family room includes fireplace, custom bookshelves, bar area, and courtyard terrace access
- Primary suite features an updated bath
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
$14,548
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
8.82%
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%
$290,960
$291.0K
Cap Rate 7%
$207,829
$207.8K
Cap Rate 9%
$161,644
$161.6K
Market Conditions
NOI Build-Up for 1,800 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
$28.1K $15.60/SF
− Vacancy
−$1.6K −$0.90/SF
EGI
$26.5K $14.70/SF
− OpEx
−$11.9K −$6.61/SF
NOI
$14.5K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /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%
$290,960
Cap Rate 7%
$207,829
Cap Rate 9%
$161,644
Alternative Uses
Best Use
Apartment 5plus
$207.8K
$181.9K – $242.5K
NOI $14,548 @ 7.0% cap · market cap 8.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.0K
$286.1K – $381.5K
NOI $22,889 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level residence offers three bedrooms, two-and-a-half baths, assigned parking, and access to shared recreational amenities.
Where is this residential income property located?
The property is located at 21 Kingsbridge Way Little Rock, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: 1,800 SF condominium with three bedrooms and 2.5 baths; Family room includes fireplace, custom bookshelves, bar area, and courtyard terrace access; Primary suite features an updated bath
