Renovated Duplex with Updated
New
For Sale
$630,000
3215 Cardinal Creek Circle, Bentonville, AR 72712
Residential, Bentonville, AR
Property Size3,080 SF
Lot Size0.62 Acres
Price / SF$204.55
Days on Market3
Property Features for 3215 Cardinal Creek Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Bathroom 4
Parking features
Parking Lot
Patio and Porch features
Deck, Patio
Exterior features
ConcreteDriveway
Fireplace
1
Appliances
Dishwasher, ElectricRange, Disposal, GasWaterHeater, Refrigerator, RangeHood, Washer
Subdivision
Cardinal Creek Subdivision
Lot features
Central Business District, City Lot, Landscaped, Near Park, Subdivision
Elementary school district
Bentonville
Middle school district
Bentonville
High school district
Bentonville
Directions
From I-49, take exit 91 south onto US-71. Right onto Foxfire Ln. Right onto Cardinal Creek Circle.
Standard status
Active
APN
01-05214-001
Size
3,080 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
Cardinal Creek Subdivision, Bentonville, Benton County: Lot 10B, Block --
Tax Annual Amount
5822
Legal Description
Cardinal Creek Subdivision, Bentonville, Benton County: Lot 10B, Block --
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1992
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl
Building materials
VinylSiding
Roof type
Asphalt, Shingle
Listing Agency:
Better Homes and Gardens Real Estate Journey
(479) 251-7800
Listed By:
Heath Hale · License #SA00089900
(479) 305-2179
Added: Sep 24
Last Checked: Sep 26 at 11:06AM
MLS# 1362768
Copyright © 2026 ArkansasONE MLS. 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 tenant-occupied units, each with 3 bedrooms, 2.5 bathrooms, and 1,540 square feet. Interior work includes vinyl plank flooring, fresh paint, recessed lighting, refinished fireplaces, and updated fixtures. Kitchens have granite countertops, repainted cabinets, vent hoods, and stainless or updated appliances; bathrooms include tile flooring, refreshed vanities, and tub-shower combinations. A 2025 roof and 2024 driveway drainage system are among the property improvements. Unit B also has a new deck and a new HVAC system installed in 2025.
The property sits on a 0.62-acre lot at the entrance to a single-family neighborhood in Bentonville. Downtown Square, area bike trails, and I-49 are described as minutes away. Concrete driveway parking, a patio, and public water and sewer serve the property.
The property sits on a 0.62-acre lot at the entrance to a single-family neighborhood in Bentonville. Downtown Square, area bike trails, and I-49 are described as minutes away. Concrete driveway parking, a patio, and public water and sewer serve the property.
Key Highlights
- Two tenant‑occupied units, each with 3 bedrooms, 2.5 bathrooms, and 1,540 square feet
- 0.62‑acre lot with paved parking
- New roof installed in 2025
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
$28,113
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
4.46%
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%
$562,260
$562.3K
Cap Rate 7%
$401,614
$401.6K
Cap Rate 9%
$312,367
$312.4K
Market Conditions
NOI Build-Up for 3,080 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
$42.5K $13.80/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$40.2K $13.04/SF
− OpEx
−$12.0K −$3.91/SF
NOI
$28.1K $9.13/SF
Area
Benton 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%
$562,260
Cap Rate 7%
$401,614
Cap Rate 9%
$312,367
Alternative Uses
Best Use
Multifamily LT 5
$401.6K
$351.4K – $468.6K
NOI $28,113 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.1K
NOI $25,085 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$846.4K
$740.6K – $987.5K
NOI $59,248 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 72712, AR
38,053
Population
16,245
Households
2.3
Avg Household Size
34
Median Age
49%
College-Educated
94%
High-School Grad
51.8 sq mi
ZIP Area
735
Density / Sq Mi
$102,073
Median Household Income
$56,675
Median Earnings
$1,197
Median Rent
$401,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Both occupied residences offer three bedrooms, updated kitchens and baths, and separate outdoor features.
Where is this duplex located?
The property is located at 3215 Cardinal Creek Circle Bentonville, AR.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Two tenant‑occupied units, each with 3 bedrooms, 2.5 bathrooms, and 1,540 square feet; 0.62‑acre lot with paved parking; New roof installed in 2025
