Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Sherwood Multifamily Investment Opportunity Title is generated by Realmo AI

    626-628 Newcastle, Sherwood, AR 72120

    View on Map
    Claim this Listing
    For Sale
    $209,000

    MULTI_FAMILY - Sherwood, AR

    Property size:
    2,253 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $92/SF
    Added:
    Sep 14, 2025
    Days on Market:
    251
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 626-628 Newcastle

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Free-Standing Stove, Free-Standing Stove
    Standard status
    Active
    Size
    2,253 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot8
    Tax Annual Amount
    1748

    Building Details

    Year built
    1977
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Carpet - Partial
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    John Belden Sr.
    John Belden Sr.

    Listing agent John Belden Sr.

    Listing office CENTURY 21 Prestige Realty 303 N James Street, Jacksonville, AR

    Listing date Sep 14, 2025

    MLS# 25037170 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

    • Great investment opportunity
    • Flooring: tile
    • Year built: 1977
    • Roof: composition
    • Appliances: free‑standing stove
    • Flooring: carpet - partial

    Overview

    This multifamily property, located in Sherwood, Arkansas, presents an investment opportunity. The property has a total area of 2,253 square feet and is situated on a lot of approximately 0.22 acres. The property is being sold in as-is condition. Financial information will be made available to qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherwood
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.211461
    Latitude
    34.823866

    Nearby Similar for Sale

    • $795,000
      9,000 SF

      Sherwood Commercial Building with Land

      9,000 SF commercial building in Sherwood Commercial Park.
      1041 Lantrip Road, Sherwood, AR 72120
      View Details
    • $760,000
      5,880 SF

      New Mobile Home Park

      Newly built mobile home and tiny house park for sale.
      10204 Bamboo Lane, Sherwood, AR 72120
      View Details
    • $950,000
      14,641 SF

      Sherwood, AR Building and Land

      Commercial building and land with high traffic and visibility.
      816 E Kiehl Avenue, Sherwood, AR 72120
      View Details
    • $100,000
      943 SF

      Sherwood Multi-Family Property For Sale

      Multi-family property in Sherwood, Arkansas, available for purchase.
      41 Compass Point St, Sherwood, AR 72120
      View Details
    • $159,900
      2,203 SF

      Sherwood Duplex: Investment Opportunity

      Well-maintained duplex in Sherwood, AR with rental income potential.
      618 & 620 Newcastle Dr, Sherwood, AR 72120
      View Details
    • $599,000
      580 SF

      Turnkey 13-Unit Rental Portfolio

      Fully occupied tiny homes in North Little Rock, near Sherwood.
      11300 Jacksonville-Cato Road, Sherwood, AR 72120
      View Details
    • $175,000
      5,018 SF

      Sherwood Commercial Investment Opportunity

      Two-story commercial building suitable for retail, office, or service businesses.
      10203 Jacksonville Cato Rd, Sherwood, AR 72120
      View Details
    • $95,000
      1,040 SF

      Sherwood Multi-Family Investment Opportunity

      Multi-family property in Sherwood, AR, generating rental income.
      14 Compass Point St, Sherwood, AR 72120
      View Details
    • $209,000
      2,306 SF

      Sherwood Duplex: Investment Opportunity

      Fully occupied duplex in Sherwood, Arkansas, ideal for investment.
      1423-1425 Stafford Rd, Sherwood, AR 72120
      View Details
    • $500
      150 SF

      Private Office Space in Sherwood

      Private office space with utilities and Wi-Fi included.
      208 E Kiehl, Sherwood, AR 72120
      View Details
    • $209,000
      2,143 SF

      Sherwood Multifamily Investment Opportunity

      Multifamily property in Sherwood, Arkansas, ideal for investment.
      622-624 Newcastle Dr, Sherwood, AR 72120
      View Details
    • $209,000
      2,304 SF

      Sherwood Multifamily Investment Opportunity

      Multifamily property in Sherwood, AR, tenant occupied, as-is sale.
      1501 Stafford Rd, Sherwood, AR 72120
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property in Sherwood, Arkansas, ideal for investment.
    Where is this duplex located?
    The property is located at 626-628 Newcastle Sherwood, AR.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Great investment opportunity; Flooring: tile; Year built: 1977
    (501) 259-0555
    We can help!
    Listing Contact
    John Belden Sr.
    John Belden Sr.
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    626-628 Newcastle, Sherwood, AR 72120-0525
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!