Three-Bedroom Short-Term
For Sale
$325,000
200 Hamilton Oaks Drive, Hot Springs, AR 71913
Residential, Contemporary, Hot Springs, AR
Property Size1,800 SF
Price / SF$180.56
Days on Market159
Property Features for 200 Hamilton Oaks Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher
Subdivision
Southshore HPR
Lot features
In Subdivision
Directions
Central Avenue to Right on Higdon Ferry, turn right onto 7 South, then Right on Hamilton Oaks Dr. Enter gate, take first Left past the gate and condo is on the far back left of complex.
Standard status
Active
Size
1,800 SF
Taxes and HOA fees
Tax Description
Unit K-2 South Shore HPR
Tax Annual Amount
1129
HOA Fee
$428 Monthly
Legal Description
Unit K-2 South Shore HPR
Amenities
pool
sundeck
tennis court
gated community
Building Details
Year built
1979
Floors in Building
2
Flooring type
Wood, Tile, Laminate
Architectural style
Contemporary
Listing Agency:
White Stone Real Estate
(501) 359-3009
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Added: Apr 3
Changed: Sep 6
Last Checked: Sep 8 at 1:06AM
MLS# 26012953
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.
This 1,800-square-foot contemporary condo offers three bedrooms and three full bathrooms, with each bedroom arranged as an en-suite. The ground-level layout includes large picture windows, multiple balconies, granite countertops, wood, laminate, and tile flooring, plus a fireplace. The residence was built in 1979 and includes a free-standing stove, microwave, electric range, and dishwasher.
Located within the gated South Shore subdivision in Hot Springs, the unit sits near a pool, sundeck, and tennis court amid landscaped grounds and trees. Short-term rentals are allowed, providing flexibility for use as a residence or rental property. The same owner has cared for the home for more than 25 years.
Located within the gated South Shore subdivision in Hot Springs, the unit sits near a pool, sundeck, and tennis court amid landscaped grounds and trees. Short-term rentals are allowed, providing flexibility for use as a residence or rental property. The same owner has cared for the home for more than 25 years.
Key Highlights
- 1,800 square feet with 3 bedrooms and 3 full bathrooms
- Each bedroom includes a private en‑suite bathroom
- Ground‑level condo with large picture windows and multiple balconies
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
$11,108
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
3.42%
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%
$222,160
$222.2K
Cap Rate 7%
$158,686
$158.7K
Cap Rate 9%
$123,422
$123.4K
Market Conditions
NOI Build-Up for 1,800 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
$21.6K $12.00/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$20.2K $11.22/SF
− OpEx
−$9.1K −$5.05/SF
NOI
$11.1K $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%
$222,160
Cap Rate 7%
$158,686
Cap Rate 9%
$123,422
Alternative Uses
Best Use
Apartment 5plus
$158.7K
$138.9K – $185.1K
NOI $11,108 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 7.09%
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
174
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Ground-level condo with en-suite bedrooms, balconies, granite countertops, and access to pool, sundeck, and tennis amenities.
Where is this short term rental property located?
The property is located at 200 Hamilton Oaks Drive Hot Springs, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,800 square feet with 3 bedrooms and 3 full bathrooms; Each bedroom includes a private en‑suite bathroom; Ground‑level condo with large picture windows and multiple balconies
