Lake-View One-Level
For Sale
$249,000
32 Majorca Drive, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,429 SF
Price / SF$174.25
Days on Market134
Property Features for 32 Majorca Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
Garage, Open
Patio and Porch features
Deck
Interior features
Washer Connection, Washer-Stays, Dryer Connection-Electric, Dryer-Stays, Water Heater-Electric, Window Treatments, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Breakfast Bar, Furnished, Kit Counter- Granite Slab
Exterior features
Deck, Guttering
Appliances
Built-In Stove, Microwave, Electric Range, Dishwasher, Disposal, Pantry, Refrigerator-Stays
Subdivision
MAJORCA COURTS
Lot features
Zero Lot Line, Cul-de-sac, Resort Property, In Subdivision, Lake View, Common to Lake
Elementary school
Fountain Lake
Middle school
Fountain Lake
High school
Fountain Lake
Directions
East on DeSoto Blvd. from West Gate, Right on Balearic, Right on Monterrey, Right on Majorca Drive.
Standard status
Active
Size
1,429 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3, Block 4, Majorca Courts
Tax Annual Amount
1156
HOA Fee
$116 Monthly
Legal Description
Lot 3, Block 4, Majorca Courts
Amenities
lake view
Building Details
Year built
1995
Floors in Building
1
Flooring type
Laminate, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Hot Springs Village Real Estate
(501) 922-5252
Listed By:
Sandy Carle
(501) 984-2180
Added: Apr 12
Changed: Aug 20
Last Checked: Aug 23 at 3:06PM
MLS# 26014356
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 one-level duplex property at 32 Majorca Drive offers 1,429 square feet with 3 bedrooms and 2 bathrooms. Built in 1995, the residence includes a two-car garage, open parking, a deck, composition roofing, laminate and carpet flooring, granite slab kitchen counters, a breakfast bar, and a walk-in shower. Furnishings, appliances, window treatments, and selected equipment convey with the sale.
The property has a lake view and is located in Hot Springs Village, minutes from the Glazy Peau Gate. Interior features include washer and dryer connections, a walk-in closet, ceiling fans, and an electric water heater. Kitchen appliances include a built-in stove, microwave, electric range, dishwasher, disposal, pantry, and refrigerator.
The property has a lake view and is located in Hot Springs Village, minutes from the Glazy Peau Gate. Interior features include washer and dryer connections, a walk-in closet, ceiling fans, and an electric water heater. Kitchen appliances include a built-in stove, microwave, electric range, dishwasher, disposal, pantry, and refrigerator.
Key Highlights
- 1,429 square feet with 3 bedrooms and 2 bathrooms
- One‑level layout with a two‑car garage and open parking
- Lake view with an outdoor deck
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
$9,438
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
3.79%
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%
$188,760
$188.8K
Cap Rate 7%
$134,829
$134.8K
Cap Rate 9%
$104,867
$104.9K
Market Conditions
NOI Build-Up for 1,429 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
$14.6K $10.20/SF
− Vacancy
−$1.1K −$0.77/SF
EGI
$13.5K $9.44/SF
− OpEx
−$4.0K −$2.83/SF
NOI
$9.4K $6.60/SF
Area
Garland County, AR
Vacancy
7.50%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$188,760
Cap Rate 7%
$134,829
Cap Rate 9%
$104,867
Alternative Uses
Best Use
Multifamily LT 5
$134.8K
$118.0K – $157.3K
NOI $9,438 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$126.0K
$110.2K – $147.0K
NOI $8,818 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 7.35%
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
15
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Furnished property includes a two-car garage, deck, and appliances that remain with the sale.
Where is this duplex located?
The property is located at 32 Majorca Drive Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,429 square feet with 3 bedrooms and 2 bathrooms; One‑level layout with a two‑car garage and open parking; Lake view with an outdoor deck
