End-Unit Residential Income
New
For Sale
$144,900
8 Perralena Way, Hot Springs Village, AR 71909
Residential, Ranch, Hot Springs Village, AR
Property Size1,222 SF
Lot Size0.01 Acres
Price / SF$118.58
Days on Market5
Property Features for 8 Perralena Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Workshop, Bedroom 1
Patio and Porch features
Deck
Exterior features
Deck, Outside Storage Area
Fireplace
1
Appliances
Electric Range, Dishwasher, Disposal
Subdivision
VALENCIA COURTS
Lot features
Sloped, Zero Lot Line
Directions
From Remax of HSV, to left on Desoto Blvd to left on Valencia Way, turn left on Perralena Way.
Standard status
Active
Size
1,222 SF
Lot size
0.01 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Block 2/Lot 16, Valencia Court
Tax Annual Amount
885
HOA Fee
$116 Monthly
Legal Description
Block 2/Lot 16, Valencia Court
Amenities
sunroom
propane fireplace
workshop/storage room
Building Details
Year built
1974
Floors in Building
1
Flooring type
Laminate, Tile
Roof type
Composition
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
RE/MAX of Hot Springs Village · RE/MAX International
(501) 922-3777
Listed By:
Kayla Casada · License #EB00057625
(501) 622-9869
Added: Oct 1
Last Checked: Oct 5 at 4:06AM
MLS# 26039866
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 1,222-square-foot, single-level end-unit townhome has two bedrooms and one and a half bathrooms. The heated and cooled sunroom includes a propane fireplace, and the primary bathroom has both a shower and a jetted tub. A concrete pad below the home provides workshop or storage space, complemented by additional outside storage. The home also features a deck, laminate and tile flooring, crown molding, and generous storage. It is offered furnished, excluding the refrigerator, washer, dryer, and foyer entry table.
Recent work includes interior painting, wallpaper removal, patio repairs, and new ceiling lights, along with a ceiling fan in the primary bedroom and replacement laundry-room folding doors. A stainless steel range, dishwasher, and microwave have been installed. Two new fire/carbon monoxide alarms are included. Built in 1974, the property has a 0.01-acre lot.
Recent work includes interior painting, wallpaper removal, patio repairs, and new ceiling lights, along with a ceiling fan in the primary bedroom and replacement laundry-room folding doors. A stainless steel range, dishwasher, and microwave have been installed. Two new fire/carbon monoxide alarms are included. Built in 1974, the property has a 0.01-acre lot.
Key Highlights
- 1,222 square feet with two bedrooms and 1.5 bathrooms
- Single‑level end unit with a heated and cooled sunroom and propane fireplace
- Concrete pad beneath the home offers workshop or storage 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
$7,541
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
5.20%
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%
$150,820
$150.8K
Cap Rate 7%
$107,729
$107.7K
Cap Rate 9%
$83,789
$83.8K
Market Conditions
NOI Build-Up for 1,222 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
$14.7K $12.00/SF
− Vacancy
−$953 −$0.78/SF
EGI
$13.7K $11.22/SF
− OpEx
−$6.2K −$5.05/SF
NOI
$7.5K $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%
$150,820
Cap Rate 7%
$107,729
Cap Rate 9%
$83,789
Alternative Uses
Best Use
Apartment 5plus
$107.7K
$94.3K – $125.7K
NOI $7,541 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$223.5K
$195.6K – $260.7K
NOI $15,644 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level layout includes a sunroom with heating, cooling, and a propane fireplace.
Where is this residential income property located?
The property is located at 8 Perralena Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: 1,222 square feet with two bedrooms and 1.5 bathrooms; Single‑level end unit with a heated and cooled sunroom and propane fireplace; Concrete pad beneath the home offers workshop or storage space
