Residential Condo with
1380 Airport Road #A1, Hot Springs, AR 71913
For Sale
$484,900
Three bedroom suites each include a private bathroom and direct access to shared living areas.
Property Size2,680 SF
Price / SF$180.93
Days on Market79
Property Features for 1380 Airport Road #A1
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Crye-Leike REALTORS
(501) 321-0800
Listed By:
Shari Bales
(501) 418-1516
Source:
Blairrealtors
Added: Aug 29
Changed: Nov 14
Last Checked: Nov 14 at 7:34AM
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 Crye-Leike REALTORS
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Investment Insights
Based on property information with market context.
This 2,680-square-foot condo at 1380 Airport Road #A1 offers three bedrooms, three full bathrooms, and one half bathroom. Each bedroom has its own private bath and an entrance to the shared areas. Two fireplaces, granite countertops, crown molding, high ceilings, and recessed lighting are among the interior features. The property was built in 2008.
The condo is on Lake Hamilton’s main channel, with food, shopping, and a boat ramp nearby.
The condo is on Lake Hamilton’s main channel, with food, shopping, and a boat ramp nearby.
Key Highlights
- 2,680‑square‑foot condo built in 2008
- Three bedrooms, three full bathrooms, and one half bathroom
- Two fireplaces, granite countertops, crown molding, high ceilings, and recessed lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,538
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,760
$330.8K
Cap Rate 7%
$236,257
$236.3K
Cap Rate 9%
$183,756
$183.8K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$32.2K $12.00/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$30.1K $11.22/SF
− OpEx
−$13.5K −$5.05/SF
NOI
$16.5K $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 Rate 5%
$330,760
Cap Rate 7%
$236,257
Cap Rate 9%
$183,756
Alternative Uses
Best Use
Apartment 5plus
$236.3K
$206.7K – $275.6K
NOI $16,538 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.1K
$428.9K – $571.8K
NOI $34,308 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
362
Businesses Nearby
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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
$179,200
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hot Springs, AR
Properties on Market for Residential income properties in Hot Springs
Frequently Asked Questions
What type of property is this?
Residential income property - Three bedroom suites each include a private bathroom and direct access to shared living areas.
Where is this residential income property located?
The property is located at 1380 Airport Road #A1 Hot Springs, AR.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: 2,680‑square‑foot condo built in 2008; Three bedrooms, three full bathrooms, and one half bathroom; Two fireplaces, granite countertops, crown molding, high ceilings, and recessed lighting
