Residential Income Property with
For Sale
$209,900
32 Hampshire Circle, Little Rock, AR 72212
Residential, Traditional, Little Rock, AR
Property Size1,709 SF
Price / SF$122.82
Days on Market58
Property Features for 32 Hampshire Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Great Room, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Patio
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar
Exterior features
Patio, Fully Fenced
Fencing
Full
Appliances
Built-In Stove, Microwave, Dishwasher, Disposal, Ice Maker Connection
Subdivision
BERKSHIRE PK HPR
Lot features
Level
Directions
West on Rodney Parham. Turn right onto Merrill Dr by Bank of American and the Pantry. Turn onto Hampshire Circle. Proceed to 32 Hampshire.
Standard status
Active
Size
1,709 SF
Taxes and HOA fees
Tax Description
Lot 90
Tax Annual Amount
2403
HOA Fee
$347 Monthly
Legal Description
Lot 90
Building Details
Year built
1973
Floors in Building
2
Flooring type
Vinyl
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX Affiliates Realty · RE/MAX International
(501) 225-1950
Listed By:
Walt Dickinson · License #1701
(501) 529-0633
Added: Jul 25
Changed: Sep 13
Last Checked: Sep 20 at 11:06AM
MLS# 26030267
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 condominium offers 1,709 square feet with three bedrooms, two full bathrooms, and a lower-level powder room. The interior includes two living areas, a kitchen and dining combination with breakfast bar and pass-through, stone countertops, backsplash, and built-in appliances. A finished 16-by-8-foot enclosed sunroom extends the living area but is not included in the stated square footage. Additional features include LVP flooring, plantation shutters, a great room, upstairs laundry connections, walk-in storage, and an updated primary bathroom. The home was built in 1973 and includes electric water heating, ceiling fans, and a garage.
Outdoor improvements include a patio and a fully fenced backyard. The property is located in Little Rock, near shopping, dining, and major highway access.
Outdoor improvements include a patio and a fully fenced backyard. The property is located in Little Rock, near shopping, dining, and major highway access.
Key Highlights
- 1,709 square feet with three bedrooms and two full bathrooms
- Finished 16‑by‑8‑foot enclosed sunroom excluded from stated square footage
- Two living areas, including a great room with sunroom access
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
$13,813
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
6.58%
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%
$276,260
$276.3K
Cap Rate 7%
$197,329
$197.3K
Cap Rate 9%
$153,478
$153.5K
Market Conditions
NOI Build-Up for 1,709 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
$26.7K $15.60/SF
− Vacancy
−$1.5K −$0.90/SF
EGI
$25.1K $14.70/SF
− OpEx
−$11.3K −$6.61/SF
NOI
$13.8K $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%
$276,260
Cap Rate 7%
$197,329
Cap Rate 9%
$153,478
Alternative Uses
Best Use
Apartment 5plus
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,732 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,396
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom condominium with two living areas, an updated kitchen, private patio, and fully fenced backyard.
Where is this residential income property located?
The property is located at 32 Hampshire Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 1,709 square feet with three bedrooms and two full bathrooms; Finished 16‑by‑8‑foot enclosed sunroom excluded from stated square footage; Two living areas, including a great room with sunroom access
