Two-Unit Duplex
For Sale
Under Contract
$165,000
110 N Park Drive, Cabot, AR 72023
Multi-Family, Traditional, Cabot, AR
Property Size1,662 SF
Lot Size25.00 Acres
Price / SF$99.28
Days on Market26
Property Features for 110 N Park Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Northpark II
Lot features
Level
Directions
Turn from Locust on to Galloway, right on North St, left on to N Park.
Standard status
Active Under Contract
Size
1,662 SF
Lot size
25.00 Acres
Taxes and HOA fees
Tax Description
Lot 9 Northpark II
Tax Annual Amount
801
Legal Description
Lot 9 Northpark II
Building Details
Year built
1987
Floors in Building
1
Number of units
2
Flooring type
Tile, Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
PorchLight Realty
(501) 286-6025
Listed By:
Casey Moser
(501) 850-5375
Added: Aug 14
Changed: Sep 5
Last Checked: Sep 8 at 2:06PM
MLS# 26033434
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 duplex contains two 2-bedroom, 1-bath units within approximately 1,662 square feet. Built in 1987, the property includes separate functional layouts, central electric heat and air, tile and laminate flooring, composition roofing, and free-standing stoves in both units. The level lot measures 25 acres and provides parking for 4+ vehicles.
Public water and sewer serve the property. The duplex is located in Cabot, with access to schools, shopping, dining, and other community services. Its two-unit configuration supports multifamily ownership or an owner-occupant arrangement with rental income from the additional unit.
Public water and sewer serve the property. The duplex is located in Cabot, with access to schools, shopping, dining, and other community services. Its two-unit configuration supports multifamily ownership or an owner-occupant arrangement with rental income from the additional unit.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Approximately 1,662 square feet
- 25‑acre level lot
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
$15,170
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
9.19%
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%
$303,400
$303.4K
Cap Rate 7%
$216,714
$216.7K
Cap Rate 9%
$168,556
$168.6K
Market Conditions
NOI Build-Up for 1,662 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
$22.9K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$21.7K $13.04/SF
− OpEx
−$6.5K −$3.91/SF
NOI
$15.2K $9.13/SF
Area
Lonoke County, AR
Vacancy
5.51%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$303,400
Cap Rate 7%
$216,714
Cap Rate 9%
$168,556
Alternative Uses
Best Use
Multifamily LT 5
$216.7K
$189.6K – $252.8K
NOI $15,170 @ 7.0% cap · market cap 9.19%
Second Best
Apartment 5plus
$191.9K
$167.9K – $223.9K
NOI $13,433 @ 7.0% cap · market cap 8.14%
Theoretical Best
Office A
$338.4K
$296.1K – $394.8K
NOI $23,688 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
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?
Duplex - Two residential units offer separate layouts, central electric heating and cooling, and shared vehicle parking.
Where is this duplex located?
The property is located at 110 N Park Drive Cabot, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Approximately 1,662 square feet; 25‑acre level lot
