Brick Duplex with
For Sale
$375,000
Pending
1009 Springhill Road, Barling, AR 72923
Each unit offers three bedrooms, two baths, garage parking, modern finishes, and a fenced backyard.
Property Size2,572 SF
Days on Market294
Property Features for 1009 Springhill Road
General Information
Standard status
Pending
Size
2,572 SF
Property subtype
Duplex
Additional Details
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$2,678
Amenities
covered entryway
fenced backyard
granite countertops
wood look laminate flooring
refrigerator
tray ceilings
walk-in closet
Central Air, Electric, Ceiling Fan(s)
3
Carpet
Electric Dryer
Window Blinds
Alarm -Smoke/Fire
Shingle, Composition Shingle
Partial, Brick Wall
Fenced Yard.
Garage, 2 Carports.
Brick, Vinyl
Level
79x130
Paved Road, Level.
Building Details
Year Built
2015
Stories
1
Construction
Brick
Listing Agency:
The Heritage Group Real Estate Co.-Van Buren
(479) 806-5955
Listed By:
The Cluck Graham Team · License #SA00078901
(479) 462-5003
Source:
Xome
Added: Nov 11, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:19PM
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 The Heritage Group Real Estate Co.-Van Buren
Investment Insights
Based on property information with market context.
Built in 2015, this duplex features two residential units with matching 3-bedroom, 2-bath layouts. Each unit includes a two-car garage, covered entry, fenced backyard, granite countertops, wood-look laminate flooring, ceiling fans, central electric air conditioning, and window blinds. Kitchen appliances include refrigerators, with electric dryers also provided. Primary bedrooms offer tray ceilings and walk-in closets.
The property is located in Barling near a city park, medical college, interstate access, schools, and shopping. Exterior materials include brick and vinyl siding, with a level setting, paved road access, and a composition shingle roof.
The property is located in Barling near a city park, medical college, interstate access, schools, and shopping. Exterior materials include brick and vinyl siding, with a level setting, paved road access, and a composition shingle roof.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 2‑bath layouts
- Each unit includes a two‑car garage and fenced backyard
- Built in 2015
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
$17,057
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
4.55%
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%
$341,140
$341.1K
Cap Rate 7%
$243,671
$243.7K
Cap Rate 9%
$189,522
$189.5K
Market Conditions
NOI Build-Up for 2,572 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
$26.2K $10.20/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$24.4K $9.47/SF
− OpEx
−$7.3K −$2.84/SF
NOI
$17.1K $6.63/SF
Area
Sebastian County, AR
Vacancy
7.12%
Lease Rate
$10.20 /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%
$341,140
Cap Rate 7%
$243,671
Cap Rate 9%
$189,522
Alternative Uses
Best Use
Multifamily LT 5
$243.7K
$213.2K – $284.3K
NOI $17,057 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.9K
NOI $15,231 @ 7.0% cap · market cap 4.06%
Theoretical Best
Healthcare Medical
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 72923, AR
4,811
Population
2,608
Households
1.8
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
16.4 sq mi
ZIP Area
293
Density / Sq Mi
$52,210
Median Household Income
$36,122
Median Earnings
$893
Median Rent
$125,600
Median Home Value
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 - Each unit offers three bedrooms, two baths, garage parking, modern finishes, and a fenced backyard.
Where is this duplex located?
The property is located at 1009 Springhill Road Barling, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom, 2‑bath layouts; Each unit includes a two‑car garage and fenced backyard; Built in 2015
