Lake-View Short-Term Rental
For Sale
$125,000
740 Weston Rd, Hot Springs, AR 71913
CONDOS - Hot Springs, AR
Property Size668 SF
Price / SF$187.13
Days on Market192
Property Features for 740 Weston Rd
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1
Parking features
Assigned, Carport
Exterior features
Inground Pool, Tennis Court
Appliances
Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
BEACON MANOR HPR
Lot features
Resort Property, Lake Front
Directions
Airport Road to right on Weston Road. The gated entrance to Beacon Manor is located on the left.
Standard status
Active
Size
668 SF
Taxes and HOA fees
Tax Description
Unit #205 Beacon Manor HPR
Tax Annual Amount
807
HOA Fee
$188 Monthly
Legal Description
Unit #205 Beacon Manor HPR
Utilities
Water front
1
Amenities
gated
lakeside pool
tennis courts
pickleball courts
boardwalk access
on-site management
covered parking
Building Details
Year built
1963
Flooring type
Carpet
Roof type
Tile
Architectural style
Contemporary
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Dustin Turner
(501) 952-2969
Added: Feb 12
Changed: Jul 30
Last Checked: Aug 23 at 4:06AM
MLS# 26005515
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.
Updated 1-bedroom, 1-bath Beacon Manor condo offering lake views. The residence features an updated kitchen, carpet flooring, and a tile roof, and it was built in 1963. Parking is available with assigned covered parking via a carport.
Residents and guests have access to gated waterfront amenities, including a lakeside inground pool, tennis and pickleball courts, and boardwalk access. The community also includes on-site management, and the property supports nightly rentals.
Located at 740 Weston Rd in Hot Springs County, the condo is described as conveniently near Oaklawn, shopping, dining, and entertainment, making it suited for a low-maintenance weekend retreat or ongoing short-term rental use.
Residents and guests have access to gated waterfront amenities, including a lakeside inground pool, tennis and pickleball courts, and boardwalk access. The community also includes on-site management, and the property supports nightly rentals.
Located at 740 Weston Rd in Hot Springs County, the condo is described as conveniently near Oaklawn, shopping, dining, and entertainment, making it suited for a low-maintenance weekend retreat or ongoing short-term rental use.
Key Highlights
- 668 SF 1‑bedroom, 1‑bath Beacon Manor condo
- Lake views and an updated kitchen
- Nightly rentals are permitted
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
$4,122
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
3.30%
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%
$82,440
$82.4K
Cap Rate 7%
$58,886
$58.9K
Cap Rate 9%
$45,800
$45.8K
Market Conditions
NOI Build-Up for 668 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
$8.0K $12.00/SF
− Vacancy
−$521 −$0.78/SF
EGI
$7.5K $11.22/SF
− OpEx
−$3.4K −$5.05/SF
NOI
$4.1K $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%
$82,440
Cap Rate 7%
$58,886
Cap Rate 9%
$45,800
Alternative Uses
Best Use
Apartment 5plus
$58.9K
$51.5K – $68.7K
NOI $4,122 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.2K
$106.9K – $142.5K
NOI $8,551 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Updated 1-bedroom, 1-bath condo with lake views and covered parking in Beacon Manor, with nightly rentals permitted.
Where is this short term rental property located?
The property is located at 740 Weston Rd Hot Springs, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 668 SF 1‑bedroom, 1‑bath Beacon Manor condo; Lake views and an updated kitchen; Nightly rentals are permitted
