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    Well-Maintained Apartment Community in Bryant Title is generated by Realmo AI

    1810 Bishop Road, Bryant, AR 72022

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    Claim this Listing
    For Sale
    $3,975,000

    Apartments, Contemporary - Bryant, AR

    Property size:
    30,228 SF
    Lot size:
    3.81 Acres
    Price / SF:
    $131/SF
    Added:
    Sep 1, 2025
    Days on Market:
    259
    Last Refresh:
    May 17 at 4:06 pm

    Property Features for 1810 Bishop Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Interior features
    Washer Connection, Dryer Connection-electric
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    840-14848-001
    Size
    30,228 SF
    Lot size
    3.81 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    17226

    Utilities

    Utilities
    Electricity Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1985
    Floors in Building
    2
    Number of units
    40
    Flooring type
    Carpet, Carpet - Partial, Vinyl
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Sergio Convers

    Listing agent Sergio Convers

    Listing office Capital Real Estate Advisors 111 Danbury Cv., Little Rock, AR

    Listing date Sep 1, 2025

    MLS# 25038162 Listing URL

    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.

    HighLights

    • Significant mark‑to‑market rent growth potential due to below‑average market rents.
    • Recent upgrades including stone countertops, HVAC/water heater replacements, new ceiling fans, and updated appliances.
    • Located in Bryant, AR, a fast‑growing suburb of Central Arkansas, with immediate access to I‑30, Bishop Park, and the Alcoa/Reynolds retail corridor.
    • Well‑maintained, 40‑unit garden‑style community on ±3.81 acres.
    • Balanced unit mix of 16 one‑bedroom and 24 two‑bedroom flats, suitable for stable workforce housing.
    • Proximity to Bryant’s highly rated school district.

    Overview

    Westside Village Apartments is a 40-unit garden-style community located on approximately 3.81 acres at 1810 Bishop Road in Bryant, AR. The property is situated in one of Central Arkansas’ fastest-growing suburbs, with immediate access to I-30, Bishop Park, and the Alcoa/Reynolds retail corridor. The community features a balanced unit mix consisting of 16 one-bedroom flats (approximately 646 SF) and 24 two-bedroom flats (approximately 834 SF). All units have all-electric systems and central HVAC. Tenants pay for water. On-site laundry facilities are available. The property is near Bryant’s highly rated school district. The property is suitable for workforce housing. Current market rents are approximately $735 for one-bedroom units and approximately $805–$855 for two-bedroom units with washer/dryer connections. Recent ownership has invested in significant upgrades, including the installation of stone countertops in most kitchens, replacement of the majority of HVAC units and water heaters, new ceiling fans, and updated appliances. The property size is 30228 square feet.

    Financial Insights

    Value Estimation Calculated for Apartment 5plus

    Conservative
    $2.89M
    NOI $260,396 @ 9.00% cap · cautious / downside scenario
    Moderate
    $3.72M
    NOI $260,396 @ 7.00% cap · market / base-case scenario
    Aggressive
    $5.21M
    NOI $260,396 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Apartment 5plus

    Component $ $/SF
    Gross rent $504.2k $16.68
    − Vacancy −$30.8k −$1.02
    EGI $473.4k $15.66
    − OpEx −$213.1k −$7.05
    NOI $260.4k $8.61
    30,228 SF · lease $16.68/SF/yr · vacancy 6.10% · expense 45.00%

    Alternative Use Scenarios

    Best Use
    Apartment 5plus
    $3.72M
    $3.25M – $4.34M (±1% cap)
    NOI $260,396 @ 7.0% cap · market cap 6.55%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.60M
    $5.77M – $7.70M (±1% cap)
    NOI $461,757 @ 7.0% cap · market cap 11.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bryant
    County
    Saline
    State
    Arkansas
    Longitude
    -92.501521
    Latitude
    34.61164

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      Westside Village Multifamily Investment Opportunity

      Well-maintained 40-unit apartment complex with value-add potential.
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    FAQs

    What type of property is this?
    Apartment building - 40-unit apartment complex on 3.81 acres in Bryant, AR.
    Where is this apartment building located?
    The property is located at 1810 Bishop Road Bryant, AR.
    What is the asking price?
    The asking price for this property is $3,975,000.
    What are key features of this property?
    This property features: Significant mark‑to‑market rent growth potential due to below‑average market rents.; Recent upgrades including stone countertops, HVAC/water heater replacements, new ceiling fans, and updated appliances.; Located in Bryant, AR, a fast‑growing suburb of Central Arkansas, with immediate access to I‑30, Bishop Park, and the Alcoa/Reynolds retail corridor.
    (501) 266-0007
    We can help!
    Listing Contact
    Sergio Convers
    Real Estate License ID: PB00059330
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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