Residential Income Property with
For Sale
$145,000
1100 WOODLAWN Avenue Unit 53, Hot Springs, AR 71913
One-level two-bedroom, two-bath home with updated finishes, included appliances, covered parking, and access to shared outdoor amenities.
Property Size983 SF
Days on Market36
Property Features for 1100 WOODLAWN Avenue Unit 53
General Information
Standard status
Active
Size
983 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$682
Amenities
Walking Trail
Pool
Building Details
Building Size
983 SF
Year Built
2005
Listing Agency:
Trademark Real Estate, Inc.
Listed By:
Jan Galloway
(501) 622-0512
Source:
Whitestonearkansas
Added: Jul 29
Changed: Aug 31
Last Checked: Sep 1 at 11:51PM
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 Trademark Real Estate, Inc.
Investment Insights
Based on property information with market context.
This one-level residential income property includes two bedrooms and two baths, with an entry area leading into a combined living and dining space. Recent interior updates include fresh paint, new bedroom carpeting, and solid-surface flooring. A fireplace adds a focal point to the main living area. The galley kitchen is equipped with a refrigerator, stove, and microwave, while the adjoining laundry room includes a washer and dryer.
Outdoor features include a covered parking area, rear porch, and an open yard bordered by forest. The development provides maintained grounds, a walking trail, and a swimming pool. The property is located near Oaklawn Racing, dining, and medical facilities. Built in 2005, the home offers a compact residential layout with established community amenities.
Outdoor features include a covered parking area, rear porch, and an open yard bordered by forest. The development provides maintained grounds, a walking trail, and a swimming pool. The property is located near Oaklawn Racing, dining, and medical facilities. Built in 2005, the home offers a compact residential layout with established community amenities.
Key Highlights
- Two‑bedroom, two‑bath one‑level home
- Fresh paint, new bedroom carpeting, and solid‑surface flooring
- Fireplace in the living and dining area
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
$6,066
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
4.18%
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%
$121,320
$121.3K
Cap Rate 7%
$86,657
$86.7K
Cap Rate 9%
$67,400
$67.4K
Market Conditions
NOI Build-Up for 983 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
$11.8K $12.00/SF
− Vacancy
−$767 −$0.78/SF
EGI
$11.0K $11.22/SF
− OpEx
−$5.0K −$5.05/SF
NOI
$6.1K $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%
$121,320
Cap Rate 7%
$86,657
Cap Rate 9%
$67,400
Alternative Uses
Best Use
Apartment 5plus
$86.7K
$75.8K – $101.1K
NOI $6,066 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.8K
$157.3K – $209.7K
NOI $12,584 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
143
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level two-bedroom, two-bath home with updated finishes, included appliances, covered parking, and access to shared outdoor amenities.
Where is this residential income property located?
The property is located at 1100 WOODLAWN Avenue Unit 53 Hot Springs, AR.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath one‑level home; Fresh paint, new bedroom carpeting, and solid‑surface flooring; Fireplace in the living and dining area
