Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Hamilton Townhomes with Boat Slips Title is generated by Realmo AI

    203 Thornton Ferry Road, Hot Springs, AR 71913

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,700,000

    New construction townhomes on Lake Hamilton with rooftop patios.

    Type:Multi Townhomes
    Property size:
    13,200 SF
    Price / SF:
    $356/SF
    Added:
    Nov 21, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 6 at 12:13 am

    Property Features for 203 Thornton Ferry Road

    General Information

    Standard status
    Active
    Size
    13,200 SF
    Property subtype
    Multi Townhomes

    Building Details

    Year Built
    2024

    We can help!

    Listing Contact
    Camme Fell
    Camme Fell

    Listing agent Camme Fell License #AR #SA00076597

    Listing office ArkBest Realty, Inc.

    Listing date Nov 21, 2025

    Source Svn

    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 ArkBest Realty, Inc.

    HighLights

    • Lake Hamilton's only rooftop lakefront townhomes with amazing lake and vista views.
    • New construction (2024) with modern, high‑end finishes and clean, colorful design.
    • Short‑term rentals allowed, ideal for investment income or personal/corporate use.
    • Includes 6 boat slips with potential for 8 more units.
    • Fully furnished, 4 Bedroom, 3.5 Bath, 2200 SF units with rooftop patios.
    • Out of city limits, close to amenities, with 10' ceilings and extra insulation between units.

    Overview

    Located on Lake Hamilton in Hot Springs, Arkansas, this property features new construction townhomes with modern, high-end finishes and a clean, colorful design. The 13,200 square foot building, constructed in 2024, currently includes 6 units, with plans and specifications available for 8 more units. Each unit offers 2200 square feet of living space, featuring 4 bedrooms and 3.5 baths across 3 stories. The units are fully furnished and designed with beautiful expansive windows and 10' ceilings. Each unit includes a rooftop patio with lake and vista views. The property is located outside of city limits but remains close to amenities. Short-term rentals are allowed, and extra insulation has been installed between units. The property includes 6 boat slips. It can be used for personal or corporate getaways.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -93.1258
    Latitude
    34.5005

    Nearby Similar for Sale

    • $725,000
      3,915 SF

      Downtown Hot Springs Commercial Building

      Versatile commercial building with parking in downtown Hot Springs.
      1001 Central Avenue, Hot Springs, AR 71901
      View Details
    • $875,000
      3,974 SF

      Updated Buildings in High-Traffic Location

      Two modern commercial buildings suitable for various business uses.
      207 & 209 GOLF LINKS Road, Hot Springs, AR 71901
      View Details
    • $375,000
      1,680 SF

      Hot Springs Commercial Property For Sale

      Commercial property on Albert Pike Road, suitable for various businesses.
      711 ALBERT PIKE Road, Hot Springs, AR 71913
      View Details
    • $375,000
      1,680 SF

      Commercial Property on Albert Pike Road

      High-traffic location, flexible layout, ideal for various businesses.
      711 Albert Pike Road, Hot Springs, AR 71913
      View Details
    • $169,000
      4,360 SF

      Commercial Building For Sale

      Two well-maintained buildings with expansion potential in Hot Springs, AR.
      406 GULPHA, Hot Springs, AR 71901
      View Details
    • $774,900
      4,284 SF

      Historic Hot Springs Bed & Breakfast

      1905 Victorian in historic district, ideal for hospitality.
      318 Quapaw Avenue, Hot Springs, AR 71901
      View Details
    • $450,000
      5,100 SF

      Versatile Warehouse on Usable Land

      5,100 sq ft warehouse on 1.43 acres in Hot Springs.
      1966 Airport Rd, Hot Springs, AR 71913
      View Details
    • $1,875,000
      15,000 SF

      Remodeled Commercial Building in Hot Springs

      15,000 SF remodeled building suitable for various business models.
      1100 & 1034 MALVERN Avenue, Hot Springs, AR 71913
      View Details
    • $699,900
      2,070 SF

      Historic Downtown Commercial Building

      Iconic 1920 building in Historic Downtown Hot Springs.
      802 CENTRAL Avenue, Hot Springs, AR 71901
      View Details
    • $1,100,000
      9,252 SF

      Updated Venue in Downtown Hot Springs

      Updated venue in historic district, suitable for various uses.
      1008 CENTRAL Avenue, Hot Springs, AR 71901
      View Details
    • $695,000
      5,846 SF

      Hot Springs Commercial Building and Land

      1.7 acres with office and warehouse space on Airport Road.
      2208 Airport Road, Hot Springs, AR 71913
      View Details
    • $449,000
      3,036 SF

      Cash-Flowing Duplex in Hot Springs

      Turnkey duplex in a desirable Hot Springs location.
      122 havelock Place, Hot Springs, AR 71913
      View Details

    FAQs

    What type of property is this?
    Apartment building - New construction townhomes on Lake Hamilton with rooftop patios.
    Where is this apartment building located?
    The property is located at 203 Thornton Ferry Road Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $4,700,000.
    What are key features of this property?
    This property features: Lake Hamilton's only rooftop lakefront townhomes with amazing lake and vista views.; New construction (2024) with modern, high‑end finishes and clean, colorful design.; Short‑term rentals allowed, ideal for investment income or personal/corporate use.
    (501) 374-7222
    We can help!
    Listing Contact
    Camme Fell
    Camme Fell
    Real Estate License ID: AR #SA00076597
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    203 Thornton Ferry Road, Hot Springs, AR 71913
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!