Townhome with Attached
For Sale
$144,900
9 Turquesa Place, Hot Springs Village, AR 71909
TOWNHOME - Hot Springs Village, AR
Property Size1,070 SF
Lot Size0.04 Acres
Price / SF$135.42
Days on Market24
Property Features for 9 Turquesa Place
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Carport
Patio and Porch features
Patio
Exterior features
Patio
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
CORONADO COURTS
Lot features
Level
Directions
DeSoto to Balearic to Ponderosa to Turquesa
Standard status
Active
Size
1,070 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 5 Block 6
Tax Annual Amount
726
HOA Fee
$116 Monthly
Legal Description
Lot 5 Block 6
Amenities
concrete patio with privacy fence
Building Details
Year built
1982
Floors in Building
2
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX of Hot Springs Village · RE/MAX International
(501) 922-3777
Listed By:
Jim Harbour · License #SA00073272
(501) 204-2034
Added: Jul 15
Changed: Aug 2
Last Checked: Aug 7 at 12:06PM
MLS# 26028603
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.
Coronado Courts townhouse with an attached carport and a concrete patio with a privacy fence. The home includes two bedrooms and two bathrooms, and features vinyl flooring and shingle roofing. Appliances include a free-standing stove, microwave, electric range, dishwasher, and refrigerator that stays.
Recent updates include a new roof in June 2026, along with new interior paint, new flooring, and new kitchen appliances. Built in 1982, the property offers a compact, easy-to-maintain configuration with covered parking.
The layout supports comfortable everyday living, with bedrooms and bathrooms grouped for practical use and a dedicated outdoor patio for added space.
Recent updates include a new roof in June 2026, along with new interior paint, new flooring, and new kitchen appliances. Built in 1982, the property offers a compact, easy-to-maintain configuration with covered parking.
The layout supports comfortable everyday living, with bedrooms and bathrooms grouped for practical use and a dedicated outdoor patio for added space.
Key Highlights
- Coronado Courts townhouse with attached carport
- Concrete patio with privacy fence
- New roof June 2026
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
$7,067
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
4.88%
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%
$141,340
$141.3K
Cap Rate 7%
$100,957
$101.0K
Cap Rate 9%
$78,522
$78.5K
Market Conditions
NOI Build-Up for 1,070 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
$10.9K $10.20/SF
− Vacancy
−$819 −$0.77/SF
EGI
$10.1K $9.44/SF
− OpEx
−$3.0K −$2.83/SF
NOI
$7.1K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$141,340
Cap Rate 7%
$100,957
Cap Rate 9%
$78,522
Alternative Uses
Best Use
Multifamily LT 5
$101.0K
$88.3K – $117.8K
NOI $7,067 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$94.3K
$82.5K – $110.1K
NOI $6,603 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
41
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
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?
Duplex - Coronado Courts townhome with attached carport, concrete patio, and multiple recent interior updates.
Where is this duplex located?
The property is located at 9 Turquesa Place Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: Coronado Courts townhouse with attached carport; Concrete patio with privacy fence; New roof June 2026
