For Sale
$200,000
16 Reddina Lane, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,476 SF
Lot Size0.06 Acres
Price / SF$135.50
Days on Market32
Property Features for 16 Reddina Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bonus Room, Bedroom 2
Patio and Porch features
Porch
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Window Treatments, Ceiling Fan(s), Walk-in Shower, Furnished, Kit Counter-Formica, Kit Counter-Other
Exterior features
Screened Porch, Porch, Outside Storage Area
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Dishwasher, Disposal
Subdivision
Guadalajara Courts #2
Lot features
Level
Elementary school
Jessieville
Middle school
Jessieville
High school
Jessieville
Directions
From the West gate of Hot Springs Village take De Soto Blvd. to Calella turn left take that to Santa Maria, turn right to Reddina Lane
Standard status
Active
Size
1,476 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 5, Block 2
Tax Annual Amount
881
HOA Fee
$116 Monthly
Legal Description
Lot 5, Block 2
Building Details
Year built
1984
Floors in Building
1
Flooring type
Wood, Vinyl
Roof type
Composition
Architectural style
Other
Additional Structures
Other, Storage
Listing Agency:
Taylor Realty Group HSV
(501) 463-9506
Listed By:
Janae Cook Richards
(501) 282-4430
Added: Aug 10
Changed: Sep 8
Last Checked: Sep 10 at 10:06PM
MLS# 26032615
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.
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
$9,108
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
4.55%
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%
$182,160
$182.2K
Cap Rate 7%
$130,114
$130.1K
Cap Rate 9%
$101,200
$101.2K
Market Conditions
NOI Build-Up for 1,476 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
$17.7K $12.00/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$16.6K $11.22/SF
− OpEx
−$7.5K −$5.05/SF
NOI
$9.1K $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%
$182,160
Cap Rate 7%
$130,114
Cap Rate 9%
$101,200
Alternative Uses
Best Use
Apartment 5plus
$130.1K
$113.9K – $151.8K
NOI $9,108 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$269.9K
$236.2K – $314.9K
NOI $18,895 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
93
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
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Frequently Asked Questions
Where is this single family property located?
The property is located at 16 Reddina Lane Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $200,000.
