Furnished Short-Term Rental
For Sale
$299,900
110 Jamison Lane Unit B3, Hot Springs, AR 71913
Nightly rentals are permitted in this spacious condo with lake and pool views, covered balcony, elevator access, and shared boat slips.
Property Size1,520 SF
Price / SF$199.93
Days on Market28
Property Features for 110 Jamison Lane Unit B3
General Information
Standard status
Active
Size
1,520 SF
Elevators
Yes
Property subtype
Condo/Townhse/Duplex/Apt
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,050
Amenities
covered parking
private storage space
pool
fireplace
balcony
gated community
washer & dryer
boat slips
Building Details
Building Size
1,520 SF
Year Built
2005
Listing Agency:
White Stone Real Estate
(501) 922-7508
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Source:
Whitestonearkansas
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 30 at 10:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of White Stone Real Estate
Investment Insights
Based on property information with market context.
Built in 2005, this fully furnished condominium offers 1500+ square feet with an open arrangement connecting the oversized kitchen and living area. A fireplace anchors the main living space, while the covered balcony extends the usable living area and overlooks Lake Hamilton and the community pool. The two-bedroom layout includes a primary suite with private balcony access, a soaking tub, and separate shower, plus a guest bedroom with its own full bath. A utility room with washer and dryer is also included.
The gated community provides elevator service, covered parking, private storage, maintained grounds, and a swimming pool. Owners may use two shared boat slips for temporary stays of up to two weeks at a time. Nightly rentals are allowed, supporting use as a residence, getaway, or short-term rental property.
The gated community provides elevator service, covered parking, private storage, maintained grounds, and a swimming pool. Owners may use two shared boat slips for temporary stays of up to two weeks at a time. Nightly rentals are allowed, supporting use as a residence, getaway, or short-term rental property.
Key Highlights
- 1500+ sqft fully furnished condominium at 110 Jamison Lane Unit: B3
- Nightly rentals permitted
- Covered balcony with Lake Hamilton and pool views
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
$9,257
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
3.09%
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%
$185,140
$185.1K
Cap Rate 7%
$132,243
$132.2K
Cap Rate 9%
$102,856
$102.9K
Market Conditions
NOI Build-Up for 1,500 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
$18.0K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$16.8K $11.22/SF
− OpEx
−$7.6K −$5.05/SF
NOI
$9.3K $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%
$185,140
Cap Rate 7%
$132,243
Cap Rate 9%
$102,856
Alternative Uses
Best Use
Apartment 5plus
$132.2K
$115.7K – $154.3K
NOI $9,257 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$274.3K
$240.0K – $320.0K
NOI $19,202 @ 7.0% cap · market cap 6.40%
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
176
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 - Nightly rentals are permitted in this spacious condo with lake and pool views, covered balcony, elevator access, and shared boat slips.
Where is this short term rental property located?
The property is located at 110 Jamison Lane Unit B3 Hot Springs, AR.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1500+ sqft fully furnished condominium at 110 Jamison Lane Unit: B3; Nightly rentals permitted; Covered balcony with Lake Hamilton and pool views
