Residential Income Townhome with
For Sale
$219,500
44 Esmeralda, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,758 SF
Lot Size0.05 Acres
Price / SF$124.86
Days on Market45
Property Features for 44 Esmeralda
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Carport
Interior features
Kit Counter-Quartz
Exterior features
Video Surveillance
Appliances
Free-Standing Stove, Electric Range
Subdivision
CORONADO COURTS
Lot features
Sloped, Level, In Subdivision
Directions
From Balearic to Ponderosa to left on Opalo, left on Esmeralda
Standard status
Active
APN
200-12700-020-000
Size
1,758 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Block 5 Lot 22
Tax Annual Amount
1241
HOA Fee
$116 Monthly
Legal Description
Block 5 Lot 22
Amenities
sunroom
Building Details
Year built
1981
Floors in Building
2
Flooring type
Tile, Laminate
Roof type
Shingle
Architectural style
Other
Listing Agency:
McGraw Realtors - HSV
(501) 922-0707
Listed By:
Tina Breshears
(501) 624-1543
Added: Jul 21
Changed: Sep 3
Last Checked: Sep 3 at 11:06PM
MLS# 26029601
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 1,758-square-foot townhome offers three bedrooms, two bathrooms, and a main-level layout. The living room connects to a bright sunroom with expansive windows facing mature woods. The kitchen includes quartz countertops, generous cabinetry, an eat-in area, and a separate dining space. Tile and laminate flooring, a shingle roof, electric cooking appliances, and video surveillance are among the documented features.
The property is located at 44 Esmeralda in Hot Springs Village, near Lake Coronado, the Fitness Center, tennis courts, and a local restaurant. Golf courses, pickleball facilities, hiking trails, a beach, and indoor and outdoor pools are also identified nearby. A private carport provides covered parking, and the townhome was built in 1981 on a 0.05-acre lot.
The property is located at 44 Esmeralda in Hot Springs Village, near Lake Coronado, the Fitness Center, tennis courts, and a local restaurant. Golf courses, pickleball facilities, hiking trails, a beach, and indoor and outdoor pools are also identified nearby. A private carport provides covered parking, and the townhome was built in 1981 on a 0.05-acre lot.
Key Highlights
- 1,758‑square‑foot townhome with 3 bedrooms and 2 bathrooms
- Quartz kitchen counters with abundant cabinet space and separate dining area
- Sunroom features a wall of windows overlooking mature wooded surroundings
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
$10,849
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
4.94%
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%
$216,980
$217.0K
Cap Rate 7%
$154,986
$155.0K
Cap Rate 9%
$120,544
$120.5K
Market Conditions
NOI Build-Up for 1,758 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
$21.1K $12.00/SF
− Vacancy
−$1.4K −$0.78/SF
EGI
$19.7K $11.22/SF
− OpEx
−$8.9K −$5.05/SF
NOI
$10.8K $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%
$216,980
Cap Rate 7%
$154,986
Cap Rate 9%
$120,544
Alternative Uses
Best Use
Apartment 5plus
$155.0K
$135.6K – $180.8K
NOI $10,849 @ 7.0% cap · market cap 4.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$321.5K
$281.3K – $375.1K
NOI $22,505 @ 7.0% cap · market cap 10.25%
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
44
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Three-bedroom townhome with quartz kitchen counters, a sunroom, and convenient access to recreation and dining.
Where is this residential income property located?
The property is located at 44 Esmeralda Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $219,500.
What are key features of this property?
This property features: 1,758‑square‑foot townhome with 3 bedrooms and 2 bathrooms; Quartz kitchen counters with abundant cabinet space and separate dining area; Sunroom features a wall of windows overlooking mature wooded surroundings
