Residential Income Property with Full
New
For Sale
$2,742,973
000 Sylvia Springs, Conway, AR 72034
Built in 2024, the property has central air conditioning and a full perimeter fence.
Property Size15,566 SF
Price / SF$176.22
Days on Market6
Property Features for 000 Sylvia Springs
General Information
Standard status
Active
Size
15,566 SF
Property subtype
Residential Income
Zoning
R1
Lease Term
12 Months
Taxes and HOA fees
Annual Taxes
$27,923
Amenities
Central Air, Electric
Central, Natural Gas
Cooktop, Microwave
Fenced, Full
Traditional
Building Details
Building Size
15,566 SF
Year Built
2024
Listing Agency:
ERA TEAM Real Estate
Listed By:
Will Henley
(501) 908-1599
Source:
Evrealestate
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ERA TEAM Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property in Conway, Arkansas, was built in 2024 and is zoned R1. Interior features include central air conditioning with electric service, central heating with natural gas, a cooktop, and a microwave. The exterior is described as traditional and includes full fencing.
Key Highlights
- Built in 2024
- Zoned R1
- Full fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,575
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,871,500
$1.9M
Cap Rate 7%
$1,336,786
$1.3M
Cap Rate 9%
$1,039,722
$1.0M
Market Conditions
NOI Build-Up for 15,566 SF
Gross rent
$181.2K $11.64/SF
− Vacancy
−$11.1K −$0.71/SF
EGI
$170.1K $10.93/SF
− OpEx
−$76.6K −$4.92/SF
NOI
$93.6K $6.01/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$11.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,871,500
Cap Rate 7%
$1,336,786
Cap Rate 9%
$1,039,722
Alternative Uses
Best Use
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,575 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.55M
$3.11M – $4.14M
NOI $248,530 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
1,533
Businesses Nearby
Explore this area
Business Placement
Demographics for 72034, AR
47,873
Population
22,523
Households
2.1
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
47.9 sq mi
ZIP Area
999
Density / Sq Mi
$61,675
Median Household Income
$40,511
Median Earnings
$993
Median Rent
$250,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2024, the property has central air conditioning and a full perimeter fence.
Where is this residential income property located?
The property is located at 000 Sylvia Springs Conway, AR.
What is the asking price?
The asking price for this property is $2,742,973.
What are key features of this property?
This property features: Built in 2024; Zoned R1; Full fencing
