Waterfront Short-Term
New
For Sale
$285,000
9 Torre del Mar Way, Hot Springs Village, AR 71909
Residential, Traditional, Hot Springs Village, AR
Property Size1,656 SF
Lot Size0.04 Acres
Price / SF$172.10
Days on Market1
Property Features for 9 Torre del Mar Way
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1, Laundry Room, Bedroom 1
Appliances
Microwave, Electric Range, Dishwasher, Disposal
Subdivision
Madrid Courts
Lot features
Lake Front, Waterfront
Directions
From the west gate, take DeSoto boulevard, then, a left onto Calella Road, then right on Santa MariaRoad, then a Right on the 2nd Madrid Way, then Left on Torre Del Mar. Home will be on your right!
Standard status
Active
Size
1,656 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
Lot 5, Block 1 Madrid Courts
Tax Annual Amount
1902
HOA Fee
$115 Monthly
Legal Description
Lot 5, Block 1 Madrid Courts
Utilities
Water front
1
Amenities
private boat/swim dock
deck
lower patio
Building Details
Year built
1977
Floors in Building
2
Flooring type
Carpet, Tile, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Brandon Bruning · License #SA76330-D01
(479) 857-5994
Added: Sep 8
Last Checked: Sep 8 at 7:06PM
MLS# 26036577
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 furnished 1,656-square-foot waterfront end-unit is configured with three bedrooms and two bathrooms across its 0.04-acre site. The main-level primary bedroom opens to the deck, while two lower-level bedrooms and a full bathroom provide a separate guest area. An oversized laundry and storage room adds space for lake equipment and personal belongings.
The home overlooks Lake DeSoto and includes a private boat and swim dock, lower patio, deck, and two kayaks. Interior updates include granite countertops, new kitchen appliances, LVP flooring, and carpet. Furniture, linens, dishes, cookware, and kayak equipment are included. Built in 1977, the property also has a documented short-term rental history.
The home overlooks Lake DeSoto and includes a private boat and swim dock, lower patio, deck, and two kayaks. Interior updates include granite countertops, new kitchen appliances, LVP flooring, and carpet. Furniture, linens, dishes, cookware, and kayak equipment are included. Built in 1977, the property also has a documented short-term rental history.
Key Highlights
- 1,656‑square‑foot furnished waterfront end‑unit
- Three‑bedroom, two‑bath layout with separate lower‑level guest area
- Lake DeSoto views with private boat and swim dock
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
$10,219
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
3.59%
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%
$204,380
$204.4K
Cap Rate 7%
$145,986
$146.0K
Cap Rate 9%
$113,544
$113.5K
Market Conditions
NOI Build-Up for 1,656 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
$19.9K $12.00/SF
− Vacancy
−$1.3K −$0.78/SF
EGI
$18.6K $11.22/SF
− OpEx
−$8.4K −$5.05/SF
NOI
$10.2K $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%
$204,380
Cap Rate 7%
$145,986
Cap Rate 9%
$113,544
Alternative Uses
Best Use
Apartment 5plus
$146.0K
$127.7K – $170.3K
NOI $10,219 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$302.8K
$265.0K – $353.3K
NOI $21,199 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
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
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 - Furnished end-unit with lake access, a private dock, and three bedrooms.
Where is this short term rental property located?
The property is located at 9 Torre del Mar Way Hot Springs Village, AR.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,656‑square‑foot furnished waterfront end‑unit; Three‑bedroom, two‑bath layout with separate lower‑level guest area; Lake DeSoto views with private boat and swim dock
