Lakefront Condo With
For Sale
$219,900
740 Weston Road, Hot Springs, AR 71913
CONDOS - Hot Springs, AR
Property Size1,140 SF
Price / SF$192.89
Days on Market106
Property Features for 740 Weston Road
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2
Parking features
Assigned
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
BEACON MANOR HPR
Lot features
Lake Front
Directions
From MLK: Take Airport Rd to Weston Rd. Property on Left.
Standard status
Active
Size
1,140 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot: 000/Block: 712C
Tax Annual Amount
1943
HOA Fee
$303 Monthly
Legal Description
Lot: 000/Block: 712C
Utilities
Water front
1
Amenities
balcony
fiber optics
Building Details
Year built
1963
Flooring type
Vinyl
Architectural style
Other
Listing Agency:
McGraw Realtors - HS
(501) 881-3331
Listed By:
Pam Crouse
(870) 941-6620
Added: Apr 28
Changed: Aug 3
Last Checked: Aug 11 at 4:06AM
MLS# 26017076
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.
Welcome to your dream retreat in the heart of Hot Springs Nat'l Park on Lake Hamilton. This two-bedroom condo includes two full bathrooms, an open living area with a dining area, and a kitchen with a new backsplash and bright cabinets. Luxury vinyl flooring was installed to replace carpet, and the unit features large windows designed to capture lake views.
The condo includes a welcoming balcony and a fireplace. The building has fiber optics just added, supporting modern connectivity needs. Appliances include a free-standing stove, microwave, electric range, dishwasher, and refrigerator.
Built in 1963, the condo offers assigned parking and includes dedicated room spaces for both bedrooms and bathrooms.
The condo includes a welcoming balcony and a fireplace. The building has fiber optics just added, supporting modern connectivity needs. Appliances include a free-standing stove, microwave, electric range, dishwasher, and refrigerator.
Built in 1963, the condo offers assigned parking and includes dedicated room spaces for both bedrooms and bathrooms.
Key Highlights
- Lake Hamilton location near Hot Springs Nat'l Park
- Two bedrooms and two full bathrooms
- Luxury vinyl flooring installed replacing carpet
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
$7,035
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
3.20%
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%
$140,700
$140.7K
Cap Rate 7%
$100,500
$100.5K
Cap Rate 9%
$78,167
$78.2K
Market Conditions
NOI Build-Up for 1,140 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
$13.7K $12.00/SF
− Vacancy
−$889 −$0.78/SF
EGI
$12.8K $11.22/SF
− OpEx
−$5.8K −$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%
$140,700
Cap Rate 7%
$100,500
Cap Rate 9%
$78,167
Alternative Uses
Best Use
Apartment 5plus
$100.5K
$87.9K – $117.3K
NOI $7,035 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.5K
$182.4K – $243.2K
NOI $14,594 @ 7.0% cap · market cap 6.64%
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
158
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom, two-bath condo with lake views, balcony, fireplace, and assigned parking.
Where is this apartment building located?
The property is located at 740 Weston Road Hot Springs, AR.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Lake Hamilton location near Hot Springs Nat'l Park; Two bedrooms and two full bathrooms; Luxury vinyl flooring installed replacing carpet
