Remodeled
For Sale
$116,000
1 Shelby Road Unit 604, Sherwood, AR 72120
Updated kitchen and bathrooms complement fresh interior finishes across both levels.
Property Size982 SF
Price / SF$118.13
Days on Market130
Property Features for 1 Shelby Road Unit 604
General Information
Standard status
Active
Size
982 SF
Property subtype
Condo/Townhse/Duplex/Apt
Taxes and HOA fees
Annual Taxes
$487
Building Details
Building Size
982 SF
Year Built
1984
Listing Agency:
Truman Ball Real Estate
Listed By:
Annabelle Cabrera
(501) 920-3073
Source:
Jonunderhill
Added: Jun 26
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Truman Ball 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 982-square-foot townhouse was built in 1984 and has been remodeled. Interior work includes fresh paint on both floors, replacement steps, updated bathroom vanities and toilet fixtures, and a tiled shower upstairs. The kitchen has new countertops and lower cabinets, along with stainless steel appliances, a disposal, and a vent hood.
Key Highlights
- 982‑square‑foot townhouse built in 1984
- Kitchen updated with stainless steel appliances, new countertops and lower cabinets
- Upstairs bathroom has a tiled shower; bathroom fixtures and vanities were replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,387
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,740
$147.7K
Cap Rate 7%
$105,529
$105.5K
Cap Rate 9%
$82,078
$82.1K
Market Conditions
NOI Build-Up for 982 SF
Gross rent
$14.3K $14.52/SF
− Vacancy
−$827 −$0.84/SF
EGI
$13.4K $13.68/SF
− OpEx
−$6.0K −$6.16/SF
NOI
$7.4K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$147,740
Cap Rate 7%
$105,529
Cap Rate 9%
$82,078
Alternative Uses
Best Use
Apartment 5plus
$105.5K
$92.3K – $123.1K
NOI $7,387 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$187.3K
$163.9K – $218.5K
NOI $13,112 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bathrooms complement fresh interior finishes across both levels.
Where is this residential income property located?
The property is located at 1 Shelby Road Unit 604 Sherwood, AR.
What is the asking price?
The asking price for this property is $116,000.
What are key features of this property?
This property features: 982‑square‑foot townhouse built in 1984; Kitchen updated with stainless steel appliances, new countertops and lower cabinets; Upstairs bathroom has a tiled shower; bathroom fixtures and vanities were replaced
