Well-Maintained Townhome with
For Sale
$298,000
63 Emanuel Circle, Hot Springs Village, AR 71909
TOWNHOME - Hot Springs Village, AR
Property Size2,000 SF
Price / SF$149
Days on Market29
Property Features for 63 Emanuel Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Basement, Bedroom 2, Laundry Room, Bathroom 3, Bathroom 1, Bedroom 3, Great Room
Parking features
Open, Garage
Patio and Porch features
Deck
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Central Vacuum, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Kit Counter- Granite Slab
Exterior features
Deck, Guttering
Fireplace
1
Appliances
Free-Standing Stove, Electric Range, Dishwasher, Disposal, Pantry
Subdivision
VILLA ALEGRE COURTS
Lot features
Sloped, Resort Property, Wooded, Down Slope
Directions
From Desoto in front of Desoto Club turn north on Emanuel and flollow to home.
Standard status
Active
Size
2,000 SF
Taxes and HOA fees
Tax Description
Lot 5 Block 4 Villa Alegra
Tax Annual Amount
1175
HOA Fee
$116 Monthly
Legal Description
Lot 5 Block 4 Villa Alegra
Building Details
Year built
1990
Floors in Building
2
Flooring type
Wood, Carpet, Tile
Roof type
Composition
Architectural style
Other
Listing Agency:
RE/MAX of Hot Springs Village · RE/MAX International
(501) 922-3777
Listed By:
Alissa Nead · License #EB00080742
(734) 377-3600
Added: Jul 10
Changed: Aug 2
Last Checked: Aug 7 at 12:06PM
MLS# 26027973
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.
Beautifully maintained Villa Alegre Courts townhome in Hot Springs Village, AR offering 3 bedrooms and 2 full baths plus a half bath. The great room includes hardwood flooring, vaulted ceilings, and a pellet fireplace. The kitchen offers granite counters, a pantry, and a coffee station, opening to the dining area. A deck is off the kitchen and the primary bedroom, both overlooking a wooded view. The primary suite includes vaulted ceilings, a walk-in closet, and a spacious bath, while the two guest bedrooms share a full bath.
The property includes a two-car garage with ample storage and a basement suited for additional storage. Hot Springs Village is a gated community with 11 lakes and 9 golf courses, along with indoor and outdoor pools, fitness center, marinas, hiking trails, and recreational amenities including pickleball and tennis. There is also a one-time $2,000 POA buy-in fee mentioned in the remarks.
The property includes a two-car garage with ample storage and a basement suited for additional storage. Hot Springs Village is a gated community with 11 lakes and 9 golf courses, along with indoor and outdoor pools, fitness center, marinas, hiking trails, and recreational amenities including pickleball and tennis. There is also a one-time $2,000 POA buy-in fee mentioned in the remarks.
Key Highlights
- 3‑bedroom, 2.5‑bath townhome built in 1990 with a garage plus open parking
- Great room with vaulted ceiling and hardwood flooring, featuring a pellet fireplace
- Kitchen includes granite slab counters, pantry, and opens to the dining area; includes dishwasher and disposal
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
$12,342
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
4.14%
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%
$246,840
$246.8K
Cap Rate 7%
$176,314
$176.3K
Cap Rate 9%
$137,133
$137.1K
Market Conditions
NOI Build-Up for 2,000 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
$24.0K $12.00/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$22.4K $11.22/SF
− OpEx
−$10.1K −$5.05/SF
NOI
$12.3K $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%
$246,840
Cap Rate 7%
$176,314
Cap Rate 9%
$137,133
Alternative Uses
Best Use
Apartment 5plus
$176.3K
$154.3K – $205.7K
NOI $12,342 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.8K
$320.0K – $426.7K
NOI $25,603 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
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?
Single family property - Three-bedroom townhome features a pellet fireplace and vaulted great room, plus a two-car garage and basement storage.
Where is this single family property located?
The property is located at 63 Emanuel Circle Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath townhome built in 1990 with a garage plus open parking; Great room with vaulted ceiling and hardwood flooring, featuring a pellet fireplace; Kitchen includes granite slab counters, pantry, and opens to the dining area; includes dishwasher and disposal
