Furnished Two-Bedroom Short-Term
For Sale
$245,000
740 Weston Road Unit 311, Hot Springs, AR 71913
Updated, furnished condo with a boat slip and access to community recreation amenities.
Property Size1,178 SF
Price / SF$207.98
Days on Market280
Property Features for 740 Weston Road Unit 311
General Information
Standard status
Active
Size
1,178 SF
Total Parking Spaces
1
Property subtype
Condo/Townhse/Duplex/Apt
Taxes and HOA fees
Annual Taxes
$2,389
Amenities
gated entrance
swimming pool
tennis courts
covered patio area
pool table
outdoor grills
manager's office
family room
boat slip
Building Details
Building Size
1,178 SF
Year Built
1963
Listing Agency:
Trademark Real Estate, Inc.
(501) 881-9490
Listed By:
Tammy Browning
(501) 881-9490
Source:
Whitestonearkansas
Added: Nov 13, 2025
Changed: Aug 14
Last Checked: Aug 19 at 4:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trademark Real Estate, Inc.
Investment Insights
Based on property information with market context.
This updated, fully furnished condominium offers 1,178 square feet with two bedrooms and two bathrooms. The residence includes a refrigerator, washer, dryer, and furnishings, providing a complete setup for short-term rental use or personal stays. A boat slip and one covered parking space are included.
The property is located on Weston Road in Hot Springs near Lake Hamilton, with an Airport Road-area setting. Community amenities include a gated entrance, swimming pool, tennis courts, covered patio, pool table, outdoor grills, manager’s office, and family room. Built in 1963, the condominium combines a furnished interior with access to a broad range of shared recreational facilities.
The property is located on Weston Road in Hot Springs near Lake Hamilton, with an Airport Road-area setting. Community amenities include a gated entrance, swimming pool, tennis courts, covered patio, pool table, outdoor grills, manager’s office, and family room. Built in 1963, the condominium combines a furnished interior with access to a broad range of shared recreational facilities.
Key Highlights
- 1,178‑square‑foot condominium with two bedrooms and two bathrooms
- Fully furnished with refrigerator, washer, and dryer included
- Boat slip included with the property
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
$7,269
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
2.97%
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%
$145,380
$145.4K
Cap Rate 7%
$103,843
$103.8K
Cap Rate 9%
$80,767
$80.8K
Market Conditions
NOI Build-Up for 1,178 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
$14.1K $12.00/SF
− Vacancy
−$919 −$0.78/SF
EGI
$13.2K $11.22/SF
− OpEx
−$5.9K −$5.05/SF
NOI
$7.3K $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%
$145,380
Cap Rate 7%
$103,843
Cap Rate 9%
$80,767
Alternative Uses
Best Use
Apartment 5plus
$103.8K
$90.9K – $121.2K
NOI $7,269 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Explore this area
Business Placement
Demographics for 71913, AR
46,801
Population
25,441
Households
1.8
Avg Household Size
44
Median Age
28%
College-Educated
91%
High-School Grad
134.2 sq mi
ZIP Area
349
Density / Sq Mi
$55,367
Median Household Income
$32,746
Median Earnings
$970
Median Rent
$179,200
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?
Short term rental property - Updated, furnished condo with a boat slip and access to community recreation amenities.
Where is this short term rental property located?
The property is located at 740 Weston Road Unit 311 Hot Springs, AR.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,178‑square‑foot condominium with two bedrooms and two bathrooms; Fully furnished with refrigerator, washer, and dryer included; Boat slip included with the property
