Updated First-Floor Income
For Sale
$125,000
510 Green Mountain #89 Circle, Little Rock, AR 72211
Residential, Traditional, Little Rock, AR
Property Size1,060 SF
Price / SF$117.92
Days on Market37
Property Features for 510 Green Mountain #89 Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Den, Bathroom 1, Bedroom 1
Fireplace
1
Appliances
Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Green Mountain Condo HPR
Lot features
Sloped
Directions
From Green Mountain Drive - Turn West onto 510 Green Mountain Cir - #89 - Sign is in front of parking spot
Standard status
Active
Size
1,060 SF
Taxes and HOA fees
Tax Description
#89
Tax Annual Amount
1219
HOA Fee
$250 Monthly
Legal Description
#89
Amenities
private parking
back deck
ramp
Building Details
Year built
1983
Floors in Building
1
Flooring type
Vinyl, Carpet
Roof type
Shingle
Architectural style
Other
Listing Agency:
Edge Realty
(501) 843-4663
Listed By:
Reid Branch
(501) 508-0582
Added: Aug 3
Changed: Sep 5
Last Checked: Sep 8 at 8:06AM
MLS# 26031607
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 1,060-square-foot, first-floor condo includes two bedrooms, two full bathrooms, a den, and private parking. Interior improvements include luxury vinyl plank flooring, fresh paint, granite countertops, and updated kitchen and bathroom finishes. The home also features a fireplace, shingle roof, microwave, electric range, dishwasher, and disposal.
Outdoor improvements include a back deck with ramp access to the green space, new sod, and a moisture barrier in the crawl space. Built in 1983, the property also received a new storm door in 2026. Its ground-level layout and low-maintenance residential configuration provide practical everyday accessibility.
Outdoor improvements include a back deck with ramp access to the green space, new sod, and a moisture barrier in the crawl space. Built in 1983, the property also received a new storm door in 2026. Its ground-level layout and low-maintenance residential configuration provide practical everyday accessibility.
Key Highlights
- 1,060‑square‑foot first‑floor condo
- Two bedrooms, two full bathrooms, and a den
- Updated kitchen and bathrooms with granite countertops
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
$8,567
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
6.85%
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%
$171,340
$171.3K
Cap Rate 7%
$122,386
$122.4K
Cap Rate 9%
$95,189
$95.2K
Market Conditions
NOI Build-Up for 1,060 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
$16.5K $15.60/SF
− Vacancy
−$959 −$0.90/SF
EGI
$15.6K $14.70/SF
− OpEx
−$7.0K −$6.61/SF
NOI
$8.6K $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%
$171,340
Cap Rate 7%
$122,386
Cap Rate 9%
$95,189
Alternative Uses
Best Use
Apartment 5plus
$122.4K
$107.1K – $142.8K
NOI $8,567 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$192.6K
$168.5K – $224.7K
NOI $13,479 @ 7.0% cap · market cap 10.78%
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
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condo with renovated interiors, private parking, and direct access to outdoor space.
Where is this residential income property located?
The property is located at 510 Green Mountain #89 Circle Little Rock, AR.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 1,060‑square‑foot first‑floor condo; Two bedrooms, two full bathrooms, and a den; Updated kitchen and bathrooms with granite countertops
