Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3200 S Olive St Pine Bluff, AR 71603

    View on Map
    Sponsored
    For Sale
    $1,900,000

    Multi-Family - Pine Bluff, AR

    Type:Multi Family
    Property size:
    28,160 SF
    Days on Market:
    5
    Last Refresh:
    Mar 7 at 1:06 pm

    Property Features for 3200 S Olive St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Multi Family
    Standard status
    Active
    Parking
    30
    Size
    28,160 SF

    Building Details

    Year built
    1982
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jaclyn McClain

    Resource Realty (501) 214-8888

    Listing agent Della Wallace (501) 214-8888

    Listing date Mar 3, 2026

    MLS# 25038610 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.

    Learn more

    Property Insight Report

    Overview

    22-Unit Apartment Complex Investment

    This 22-unit apartment complex in Pine Bluff, Arkansas, presents a fantastic investment opportunity. Currently, 19 units are rented, resulting in an 86% occupancy rate and strong rental income. The property, situated on a spacious lot, offers room for expansion. Infrastructure is already in place, with plumbing installed for two additional buildings, making it an excellent value-add opportunity for investors seeking to increase unit count and maximize returns. The property size is 28,160 square feet. This complex, with its consistent occupancy, growth potential, and convenient location, is suitable for both experienced investors and those looking to expand their portfolio.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluff
    County
    Jefferson
    State
    Arkansas
    Longitude
    -92.007564
    Latitude
    34.196994

    Nearby Similar for Sale

    • $449,900
      1,271 SF

      Remodeled Building on Sheridan Road

      Renovated building suitable for medical or retail use.
      6531 Sheridan Rd, Pine Bluff, AR 71602
      View Details
    • New
      $79,900
      1,500 SF

      Medical Office in Pine Bluff

      Move-in ready medical office near Jefferson Regional Medical Center.
      1801 W 40Th Ave, Pine Bluff, AR 71603
      View Details
    • New
      $400,000
      3,800 SF

      Mini Storages with Warehouse

      Mini storages with office, apartment, shed, and warehouse.
      310 N Hutchinson St, Pine Bluff, AR 71602
      View Details
    • $799,000
      3,772 SF

      Pine Bluff Commercial Opportunity

      4.29 acres with building, gas station, and billboard.
      4711 Highway 65 S, Pine Bluff, AR 71601
      View Details
    • $245,000
      4,232 SF

      Main Street Retail Building

      Retail building with five units on Main Street.
      1613 S Main St, Pine Bluff, AR 71601
      View Details
    • $199,900
      4,760 SF

      Refreshed Building and Land

      Two-story building with recent updates, ideal for various businesses.
      2309 E 6Th Ave, Pine Bluff, AR 71603
      View Details
    • $100,000
      1,681 SF

      Versatile Commercial Property For Sale

      Adaptable commercial building suitable for various business uses.
      1216 E Harding Ave, Pine Bluff, AR 71601
      View Details
    • $399,000
      1,637,856 SF

      Manufacturing Facility in Pine Bluff

      105,509 SF manufacturing facility on 3.5 acres for sale.
      1810 S Ohio St, Pine Bluff, AR 71601
      View Details
    • $1,100,000
      15,064 SF

      Versatile Flex Building on Acreage

      Adaptable flex building with showroom, offices, shop, and expansion potential.
      3110 Auto Dr, Pine Bluff, AR 71601
      View Details
    • $149,900
      6,000 SF

      Pine Bluff Office/Retail Opportunity

      6,000 SF building suitable for retail, office, or gym.
      3004 W 34Th Ave, Pine Bluff, AR 71603
      View Details
    • $1,000,000
      70,000 SF

      Pine Bluff Church on Four Acres

      Character-filled church on 4 acres with multiple potential uses.
      1801 W 17Th Ave, Pine Bluff, AR 71603
      View Details
    • $975,000
      12,000 SF

      Retail Building and Land Available

      12,000 SF retail building on 1.19 acres for sale.
      7101 Sheridan Rd, Pine Bluff, AR 71602
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained apartment complex with expansion potential in Pine Bluff.
    Where is this apartment building located?
    The property is located at 3200 S Olive St Pine Bluff, AR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Strong Rental Income: Currently 86% occupied with 19 units rented, providing consistent cash flow.; - Value-Add Opportunity: Plumbing infrastructure is in place for two additional buildings, allowing for expansion.; - Investment Potential: Ideal for both seasoned and new investors looking to scale their portfolio.
    (501) 764-8922
    Request Owner's contact information
    3200 S Olive St Pine Bluff, AR 71603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3200 S Olive St
    Pine Bluff, AR 71603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    3200 S Olive St Pine Bluff, AR 71603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jaclyn McClain
    (501) 764-8922 (501) 214-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!