Contemporary Corner Income
For Sale
$245,000
3700 Old Cantrell Rd. #301, Little Rock, AR 72202
Residential, Contemporary, Little Rock, AR
Property Size948 SF
Price / SF$258.44
Days on Market82
Property Features for 3700 Old Cantrell Rd. #301
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking features
Garage
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Refrigerator-Stays, Ice Maker Connection
Subdivision
Riverdale HPR
Lot features
Level
Directions
Cantrell Road to bottom of Cantrell Hill. Condo on 3rd Floor, end unit.
Standard status
Active
Size
948 SF
Taxes and HOA fees
Tax Description
Riveria HPR Unit #301
Tax Annual Amount
2858
HOA Fee
$474 Monthly
Legal Description
Riveria HPR Unit #301
Building Details
Year built
2009
Flooring type
Laminate
Architectural style
Contemporary
Listing Agency:
Charlotte John Company (Little Rock) · Century 21 Real Estate
(501) 664-5646
Listed By:
April Findlay
(501) 804-4454
Added: Jun 2
Changed: Aug 21
Last Checked: Aug 22 at 6:06PM
MLS# 26022120
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 948-square-foot contemporary corner condominium includes one bedroom and one bathroom, with laminate flooring, abundant natural light, and a private balcony. The 2009 property offers a practical low-maintenance layout with a built-in stove, electric range, microwave, dishwasher, disposal, refrigerator, and ice maker connection.
Residents have access to a fitness center, swimming pool, and covered parking. The condominium is within walking distance of restaurants and shops in Little Rock, providing convenient access to everyday services and dining. Garage parking is also identified among the property’s parking features.
Residents have access to a fitness center, swimming pool, and covered parking. The condominium is within walking distance of restaurants and shops in Little Rock, providing convenient access to everyday services and dining. Garage parking is also identified among the property’s parking features.
Key Highlights
- 948‑square‑foot corner condominium with 1 bedroom and 1 bathroom
- Built in 2009 with contemporary architectural styling
- Private balcony and abundant natural light
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
$7,662
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
3.13%
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%
$153,240
$153.2K
Cap Rate 7%
$109,457
$109.5K
Cap Rate 9%
$85,133
$85.1K
Market Conditions
NOI Build-Up for 948 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
$14.8K $15.60/SF
− Vacancy
−$858 −$0.90/SF
EGI
$13.9K $14.70/SF
− OpEx
−$6.3K −$6.61/SF
NOI
$7.7K $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%
$153,240
Cap Rate 7%
$109,457
Cap Rate 9%
$85,133
Alternative Uses
Best Use
Apartment 5plus
$109.5K
$95.8K – $127.7K
NOI $7,662 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$172.2K
$150.7K – $200.9K
NOI $12,055 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Explore this area
Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom corner residence with a private balcony, community pool, fitness center, and garage parking.
Where is this residential income property located?
The property is located at 3700 Old Cantrell Rd. #301 Little Rock, AR.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 948‑square‑foot corner condominium with 1 bedroom and 1 bathroom; Built in 2009 with contemporary architectural styling; Private balcony and abundant natural light
