Contemporary Residential Income
For Sale
$315,000
48 Driftwood Lane, Little Rock, AR 72223
Residential, Traditional, Contemporary, Little Rock, AR
Property Size1,440 SF
Lot Size0.09 Acres
Price / SF$218.75
Days on Market173
Property Features for 48 Driftwood Lane
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Laundry Room, Bathroom 2, Bathroom 1
Parking features
Garage
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Electric, Smoke Detector(s), Floored Attic, Walk-In Closet(s), Ceiling Fan(s), Walk-in Shower, Kit Counter-Quartz
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Dishwasher, Disposal, Pantry
Subdivision
Edgewood
Lot features
Level
Directions
Chenal Parkway to Kanis past Chuy's continue down Kanis and turn RIGHT on the new Cooper Orbit road (Used to be Panther Branch) right past Chenal Pet Palace and before the Mackenzie Park Apartments
Standard status
Active
Size
1,440 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Description
Lot 226, Block 1, Ph 1
HOA Fee
$113 Monthly
Legal Description
Lot 226, Block 1, Ph 1
Amenities
walk-in pantry
central island
built-in fireplace
walk-in shower
walk-in closet
covered back patio
Building Details
Year built
2026
Floors in Building
1
Flooring type
Tile, Vinyl
Roof type
Shingle
Architectural style
Other, Contemporary
Listing Agency:
Arkansas Land & Realty, Inc.
(501) 910-1111
Listed By:
Anthony Rivera
(501) 580-8681
Added: Apr 15
Changed: Sep 13
Last Checked: Oct 4 at 10:06PM
MLS# 26014895
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 contemporary residential income property is under construction with 1,440 square feet of interior space on a 0.09-acre lot. The plan includes two bedrooms, two full bathrooms, a laundry room, and an open living area centered around a built-in fireplace. The kitchen is equipped with a quartz countertop, island, pantry, stove, microwave, dishwasher, and disposal. The primary suite includes vaulted ceilings, a walk-in shower, and a walk-in closet.
Additional features include a two-car garage, covered rear patio, vinyl and tile flooring, floored attic storage, and electric water heating. Fire walls and sound cavities separate each residence. Lawn maintenance is included in the annual fees. Completion is scheduled for September 2026, and the property is located at 48 Driftwood Lane in Little Rock, Arkansas.
Additional features include a two-car garage, covered rear patio, vinyl and tile flooring, floored attic storage, and electric water heating. Fire walls and sound cavities separate each residence. Lawn maintenance is included in the annual fees. Completion is scheduled for September 2026, and the property is located at 48 Driftwood Lane in Little Rock, Arkansas.
Key Highlights
- 1,440‑square‑foot contemporary residence on a 0.09‑acre lot
- Two bedrooms and two full bathrooms
- Quartz kitchen with island, pantry, 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
$11,639
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
3.69%
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%
$232,780
$232.8K
Cap Rate 7%
$166,271
$166.3K
Cap Rate 9%
$129,322
$129.3K
Market Conditions
NOI Build-Up for 1,440 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
$22.5K $15.60/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$21.2K $14.70/SF
− OpEx
−$9.5K −$6.61/SF
NOI
$11.6K $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%
$232,780
Cap Rate 7%
$166,271
Cap Rate 9%
$129,322
Alternative Uses
Best Use
Apartment 5plus
$166.3K
$145.5K – $194.0K
NOI $11,639 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.6K
$228.9K – $305.2K
NOI $18,311 @ 7.0% cap · market cap 5.81%
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
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 72223, AR
25,465
Population
12,279
Households
2.1
Avg Household Size
41
Median Age
66%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
525
Density / Sq Mi
$99,063
Median Household Income
$62,227
Median Earnings
$1,242
Median Rent
$435,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Under-construction residence with a quartz kitchen, private garage, covered patio, and lawn care included in annual fees.
Where is this residential income property located?
The property is located at 48 Driftwood Lane Little Rock, AR.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,440‑square‑foot contemporary residence on a 0.09‑acre lot; Two bedrooms and two full bathrooms; Quartz kitchen with island, pantry, and included appliances
