Three-Bedroom Short-Term Rental
For Sale
$349,900
200 Hamilton Oaks Drive Unit K-2, Hot Springs, AR 71913
Ground-level condo in a gated South Shore subdivision with three en-suite bedrooms, multiple balconies, and short-term rentals allowed.
Property Size1,800 SF
Days on Market127
Property Features for 200 Hamilton Oaks Drive Unit K-2
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Condo/Townhse/Duplex/Apt
Additional Details
Multifamily Units
1
Amenities
pool
sundeck
tennis court
gated community
Building Details
Building Size
1,800 SF
Year Built
1979
Listing Agency:
White Stone Real Estate
(501) 922-7508
Listed By:
Amber White · License #AB00067273
(501) 922-7508
Source:
Whitestonearkansas
Added: Apr 3
Changed: Jul 31
Last Checked: Aug 7 at 1:40AM
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.
This ground-level condo offers three full bedrooms and three full baths, with each bedroom functioning as its own en-suite and private bath. Multiple balconies and large picture windows help bring in natural light, while granite countertops are featured throughout the unit. Built in 1979, the home has been cared for by the same owner for over 25 years.
Located within the gated South Shore subdivision, the property places residents just steps from resort-style amenities, including a pool, sundeck, and tennis court. The setting includes landscaped grounds, with views that combine the pool area and surrounding greenery.
Short-term rentals are allowed, providing flexibility for use as a primary residence, guest space, or rental opportunity.
Located within the gated South Shore subdivision, the property places residents just steps from resort-style amenities, including a pool, sundeck, and tennis court. The setting includes landscaped grounds, with views that combine the pool area and surrounding greenery.
Short-term rentals are allowed, providing flexibility for use as a primary residence, guest space, or rental opportunity.
Key Highlights
- Three full bedrooms and three full baths, with each bedroom as an en‑suite
- Ground‑level condo in the gated South Shore subdivision with multiple balconies
- Pool, sundeck, and tennis court are just steps away
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
3.17%
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 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.2K
$288.0K – $384.1K
NOI $23,043 @ 7.0% cap · market cap 6.59%
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
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 in a gated South Shore subdivision with three en-suite bedrooms, multiple balconies, and short-term rentals allowed.
Where is this short term rental property located?
The property is located at 200 Hamilton Oaks Drive Unit K-2 Hot Springs, AR.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Three full bedrooms and three full baths, with each bedroom as an en‑suite; Ground‑level condo in the gated South Shore subdivision with multiple balconies; Pool, sundeck, and tennis court are just steps away
