Single-Level Residential Income
New
For Sale
$159,000
6 Tomisa Lane, Hot Springs Village, AR 71909
Residential, Townhouse, Hot Springs Village, AR
Property Size1,132 SF
Lot Size0.04 Acres
Price / SF$140.46
Days on Market5
Property Features for 6 Tomisa Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Great Room, Bathroom 2, Bathroom 1
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Ceiling Fan(s), Wired for Highspeed Inter, Kit Counter-Formica
Exterior features
Deck
Appliances
Dishwasher
Subdivision
Guadalajara Courts #4
Lot features
Cul-de-sac, In Subdivision
Directions
Desoto Blvd to Calella Road to Santa Maria Road to Tomisa Lane
Standard status
Active
APN
200-22300-003-000
Size
1,132 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3 Block 4 Guadalajara
Tax Annual Amount
278
HOA Fee
$116 Monthly
Legal Description
Lot 3 Block 4 Guadalajara
Building Details
Year built
1984
Floors in Building
1
Flooring type
Vinyl, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Fred Monks
(501) 485-0016
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 5 at 12:06AM
MLS# 26039765
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 single-level residential income property offers 1,132 square feet with two bedrooms, two full bathrooms, and a great room. Interior features include ceiling fans, Formica kitchen counters, carpet and vinyl flooring, and electric water heating. Washer and electric dryer connections are in place, and the kitchen includes a dishwasher. A deck provides outdoor space. The home was built in 1984 and occupies a 0.04-acre lot.
At 6 Tomisa Lane in Hot Springs Village, the property is near Lake DeSoto, walking trails, a marina, and dining options.
At 6 Tomisa Lane in Hot Springs Village, the property is near Lake DeSoto, walking trails, a marina, and dining options.
Key Highlights
- 1,132 square feet with 2 bedrooms and 2 full bathrooms
- 0.04‑acre lot
- Built in 1984
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
$6,986
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
4.39%
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%
$139,720
$139.7K
Cap Rate 7%
$99,800
$99.8K
Cap Rate 9%
$77,622
$77.6K
Market Conditions
NOI Build-Up for 1,132 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
$13.6K $12.00/SF
− Vacancy
−$883 −$0.78/SF
EGI
$12.7K $11.22/SF
− OpEx
−$5.7K −$5.05/SF
NOI
$7.0K $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%
$139,720
Cap Rate 7%
$99,800
Cap Rate 9%
$77,622
Alternative Uses
Best Use
Apartment 5plus
$99.8K
$87.3K – $116.4K
NOI $6,986 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$207.0K
$181.1K – $241.5K
NOI $14,491 @ 7.0% cap · market cap 9.11%
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
93
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 - The 2-bedroom, 2-bath layout includes a deck, great room, and electric washer and dryer connections.
Where is this single family property located?
The property is located at 6 Tomisa Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 1,132 square feet with 2 bedrooms and 2 full bathrooms; 0.04‑acre lot; Built in 1984
