12-Unit Apartment
For Sale
$1,000,000
300 N Clinic Street, Searcy, AR 72143
Multi-Family, Townhouse, Searcy, AR
Property Size11,178 SF
Lot Size0.55 Acres
Price / SF$89.46
Days on Market285
Property Features for 300 N Clinic Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Exterior features
Fully Fenced
Fencing
Full
Appliances
Free-Standing Stove, Free-Standing Stove
Subdivision
Watkins & Quarles
Lot features
Level
Directions
Take exit 42 toward US-67B N/Searcy. Turn left onto Highway 367 S toward US-67B N/Searcy/S Main St. Turn right onto E Race Ave. Turn left onto N Clinic St. Apartments will be on the right.
Standard status
Active
Size
11,178 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Description
Block 4 Watkins& Quarles Add
Tax Annual Amount
3617
Legal Description
Block 4 Watkins& Quarles Add
Building Details
Year built
1967
Floors in Building
2
Number of units
12
Flooring type
Vinyl, Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
RGB Appraisals & Realty
(501) 843-2003
Listed By:
Katrina Yarboro
(501) 554-0274
Added: Dec 16, 2025
Changed: Sep 14
Last Checked: Sep 27 at 1:06PM
MLS# 25049130
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 12-unit apartment building contains 11,178 square feet on a 0.55-acre parcel and was constructed in 1967. Each residence offers two bedrooms and one bathroom, with all units currently occupied. The property is fully fenced and includes laminate and vinyl flooring, free-standing stoves, and a composition roof.
Recent capital improvements include a replacement roof, thermal windows throughout, and solid surface countertops. Eight apartments have been updated, while seven units feature new HVAC systems. The consistent floor plan across the complex provides a uniform multifamily configuration.
Recent capital improvements include a replacement roof, thermal windows throughout, and solid surface countertops. Eight apartments have been updated, while seven units feature new HVAC systems. The consistent floor plan across the complex provides a uniform multifamily configuration.
Key Highlights
- 12 units with a consistent 2br/1ba layout
- 11,178‑square‑foot apartment building on 0.55 acres
- All units currently occupied
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
$60,377
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
6.04%
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%
$1,207,540
$1.2M
Cap Rate 7%
$862,529
$862.5K
Cap Rate 9%
$670,856
$670.9K
Market Conditions
NOI Build-Up for 11,178 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
$118.0K $10.56/SF
− Vacancy
−$8.3K −$0.74/SF
EGI
$109.8K $9.82/SF
− OpEx
−$49.4K −$4.42/SF
NOI
$60.4K $5.40/SF
Area
White County, AR
Vacancy
7.00%
Lease Rate
$10.56 /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%
$1,207,540
Cap Rate 7%
$862,529
Cap Rate 9%
$670,856
Alternative Uses
Best Use
Apartment 5plus
$862.5K
$754.7K – $1.01M
NOI $60,377 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $143,096 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied apartment property with a consistent two-bedroom, one-bathroom unit configuration and multiple recent improvements.
Where is this apartment building located?
The property is located at 300 N Clinic Street Searcy, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12 units with a consistent 2br/1ba layout; 11,178‑square‑foot apartment building on 0.55 acres; All units currently occupied
