Golf Course Residential Income
New
For Sale
$359,000
9 Sand Trap Drive, Maumelle, AR 72113
Residential, Traditional, Maumelle, AR
Property Size2,768 SF
Lot Size0.10 Acres
Price / SF$129.70
Days on Market4
Property Features for 9 Sand Trap Drive
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Great Room, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Garage, Open
Interior features
Washer Connection, Dryer Connection-Electric, Water Heater-Gas, Window Treatments, Walk-In Closet(s), Balcony/Loft, Ceiling Fan(s), Walk-in Shower, Breakfast Bar
Fireplace
1
Appliances
Free-Standing Stove, Microwave, Gas Range, Dishwasher, Disposal, Pantry, Ice Maker Connection
Subdivision
FIRST FAIRWAY ADDN
Lot features
Level, Golf Course Frontage, Extra Landscaping, In Subdivision
Directions
Maumelle Blvd to Odom South, take a left on Club Manor, right onto Par Drive and right onto Sand Trap. Home is on left.
Standard status
Active
APN
42M0250301200
Size
2,768 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 5/ Block 0
Tax Annual Amount
2947
Legal Description
Lot 5/ Block 0
Amenities
fireplace
skylights
private patio
balcony
Building Details
Year built
1985
Floors in Building
2
Flooring type
Carpet, Tile, Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
Anchor & Oak Realty Group
(501) 425-4515
Listed By:
Denise Cunningham
(501) 425-5124
Added: Sep 23
Changed: Sep 24
Last Checked: Sep 26 at 8:06AM
MLS# 26038866
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 2,768-square-foot condominium has a primary bedroom on the main level, with two additional bedrooms and an office or playroom upstairs. The living area features a fireplace, skylights, and an open balcony above it. A private patio and double garage are also included. The property was built in 1985 on a 0.1-acre lot.
The residence is positioned on the 5th green of Maumelle Country Club at 9 Sand Trap Drive in Maumelle, Arkansas. Interior features include a walk-in closet, walk-in shower, breakfast bar, and connections for a washer and electric dryer.
The residence is positioned on the 5th green of Maumelle Country Club at 9 Sand Trap Drive in Maumelle, Arkansas. Interior features include a walk-in closet, walk-in shower, breakfast bar, and connections for a washer and electric dryer.
Key Highlights
- Condominium located on Maumelle Country Club’s 5th green
- 2,768 square feet on a 0.1‑acre lot
- Primary bedroom on the main level; two additional bedrooms upstairs
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
$20,823
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
5.80%
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%
$416,460
$416.5K
Cap Rate 7%
$297,471
$297.5K
Cap Rate 9%
$231,367
$231.4K
Market Conditions
NOI Build-Up for 2,768 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
$40.2K $14.52/SF
− Vacancy
−$2.3K −$0.84/SF
EGI
$37.9K $13.68/SF
− OpEx
−$17.0K −$6.16/SF
NOI
$20.8K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /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%
$416,460
Cap Rate 7%
$297,471
Cap Rate 9%
$231,367
Alternative Uses
Best Use
Apartment 5plus
$297.5K
$260.3K – $347.1K
NOI $20,823 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.0K
$462.0K – $616.0K
NOI $36,960 @ 7.0% cap · market cap 10.30%
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
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 72113, AR
25,930
Population
12,260
Households
2.1
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
986
Density / Sq Mi
$72,054
Median Household Income
$46,212
Median Earnings
$1,084
Median Rent
$275,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium sits beside the Maumelle Country Club’s 5th green.
Where is this residential income property located?
The property is located at 9 Sand Trap Drive Maumelle, AR.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Condominium located on Maumelle Country Club’s 5th green; 2,768 square feet on a 0.1‑acre lot; Primary bedroom on the main level; two additional bedrooms upstairs
