Spanish-Style Income
For Sale
$115,000
301 Kings Row #103 Drive, Little Rock, AR 72207
Residential, Spanish, Little Rock, AR
Property Size844 SF
Price / SF$136.26
Days on Market16
Property Features for 301 Kings Row #103 Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1
Parking features
Assigned
Patio and Porch features
Patio
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Walk-in Shower, Kit Counter- Granite Slab
Exterior features
Inground Pool, Covered Patio
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Electric Range, Dishwasher, Refrigerator-Stays
Subdivision
TIMBER RIDGE HPR
Lot features
Level
Directions
From Cantrell/ Hwy 10 head North on Kingsrow Drive, take first Right into Kings Row condominiums.
Standard status
Active
APN
43L-050-01-003-00
Size
844 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
25-2N-13W
Tax Annual Amount
1348
HOA Fee
$200 Monthly
Legal Description
25-2N-13W
Building Details
Year built
1980
Floors in Building
1
Flooring type
Carpet, Tile
Roof type
Composition
Architectural style
Spanish
Listing Agency:
Capital Sotheby's International Realty
(501) 551-0207
Listed By:
Bryan Pitts
(501) 554-6880
Added: Sep 19
Changed: Sep 26
Last Checked: Oct 4 at 11:06PM
MLS# 26038248
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 844-square-foot condominium offers one-bedroom, one-bathroom living in a single-level layout. Built in 1980 with Spanish architectural styling, the residence includes an updated kitchen with granite countertops, a living area, walk-in closet, walk-in shower, tile and carpet flooring, and an electric fireplace. The appliance package includes a stove, microwave, electric range, dishwasher, and refrigerator. Washer and dryer connections, with the washer and dryer staying, add everyday convenience.
Located at 301 Kings Row #103 Drive in Little Rock, the property includes a covered patio, access to an inground pool, and assigned parking. Shopping, dining, entertainment, and daily conveniences are described as being minutes away. The condominium also features window treatments, an electric water heater, and a composition roof.
Located at 301 Kings Row #103 Drive in Little Rock, the property includes a covered patio, access to an inground pool, and assigned parking. Shopping, dining, entertainment, and daily conveniences are described as being minutes away. The condominium also features window treatments, an electric water heater, and a composition roof.
Key Highlights
- 844‑square‑foot one‑bedroom, one‑bathroom condominium
- One‑level layout with Spanish architectural styling
- Updated kitchen with granite countertops and included appliances
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
$6,822
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
5.93%
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%
$136,440
$136.4K
Cap Rate 7%
$97,457
$97.5K
Cap Rate 9%
$75,800
$75.8K
Market Conditions
NOI Build-Up for 844 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
$13.2K $15.60/SF
− Vacancy
−$764 −$0.90/SF
EGI
$12.4K $14.70/SF
− OpEx
−$5.6K −$6.61/SF
NOI
$6.8K $8.08/SF
Area
Little Rock, AR
Vacancy
5.80%
Lease Rate
$15.60 /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%
$136,440
Cap Rate 7%
$97,457
Cap Rate 9%
$75,800
Alternative Uses
Best Use
Apartment 5plus
$97.5K
$85.3K – $113.7K
NOI $6,822 @ 7.0% cap · market cap 5.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$153.3K
$134.2K – $178.9K
NOI $10,733 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 72207, AR
11,036
Population
5,800
Households
1.9
Avg Household Size
40
Median Age
69%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,904
Density / Sq Mi
$93,958
Median Household Income
$59,658
Median Earnings
$942
Median Rent
$384,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - One-level condominium with an updated kitchen, covered patio, inground pool, and assigned parking.
Where is this residential income property located?
The property is located at 301 Kings Row #103 Drive Little Rock, AR.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: 844‑square‑foot one‑bedroom, one‑bathroom condominium; One‑level layout with Spanish architectural styling; Updated kitchen with granite countertops and included appliances
