Lakeview Residential Income
For Sale
$219,900
740 Weston Road Unit 712-C, Hot Springs, AR 71913
Condominium layout includes open living and dining areas, updated flooring, and a balcony overlooking Lake Hamilton.
Property Size1,140 SF
Days on Market105
Property Features for 740 Weston Road Unit 712-C
General Information
Standard status
Active
Size
1,140 SF
Property subtype
Condo/Townhse/Duplex/Apt
Units
Unit Mix
2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,943
Amenities
balcony
Fiber Optics
Building Details
Building Size
1,140 SF
Year Built
1963
Listing Agency:
McGraw Realtors - HS
(870) 941-6620
Listed By:
Pam Crouse
(870) 941-6620
Source:
Whitestonearkansas
Added: Apr 29
Changed: Aug 3
Last Checked: Aug 10 at 9:59AM
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 McGraw Realtors - HS
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-bath condominium with an open arrangement connecting the living and dining areas. The kitchen features bright cabinetry and a newer backsplash, while luxury vinyl flooring has replaced the previous carpet. Large windows bring lake views into the interior, and a balcony extends the living area outdoors.
Set in Hot Springs National Park along Lake Hamilton, the property offers a waterfront-oriented setting. Fiber-optic service has been added to the building. Originally built in 1963, the residence combines a defined two-bedroom layout with updated interior finishes and outdoor space.
Set in Hot Springs National Park along Lake Hamilton, the property offers a waterfront-oriented setting. Fiber-optic service has been added to the building. Originally built in 1963, the residence combines a defined two-bedroom layout with updated interior finishes and outdoor space.
Key Highlights
- Two‑bedroom, two‑full‑bath condominium
- Lake views through large windows
- Balcony adds outdoor living space
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
$7,035
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
3.20%
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%
$140,700
$140.7K
Cap Rate 7%
$100,500
$100.5K
Cap Rate 9%
$78,167
$78.2K
Market Conditions
NOI Build-Up for 1,140 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
$13.7K $12.00/SF
− Vacancy
−$889 −$0.78/SF
EGI
$12.8K $11.22/SF
− OpEx
−$5.8K −$5.05/SF
NOI
$7.0K $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%
$140,700
Cap Rate 7%
$100,500
Cap Rate 9%
$78,167
Alternative Uses
Best Use
Apartment 5plus
$100.5K
$87.9K – $117.3K
NOI $7,035 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.5K
$182.4K – $243.2K
NOI $14,594 @ 7.0% cap · market cap 6.64%
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
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
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 - Condominium layout includes open living and dining areas, updated flooring, and a balcony overlooking Lake Hamilton.
Where is this residential income property located?
The property is located at 740 Weston Road Unit 712-C Hot Springs, AR.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath condominium; Lake views through large windows; Balcony adds outdoor living space
