Riverfront Community
New
For Sale
$425,000
11527 Crystal Bay Circle, North Little Rock, AR 72113
Residential, Traditional, North Little Rock, AR
Property Size2,756 SF
Lot Size0.08 Acres
Price / SF$154.21
Days on Market7
Property Features for 11527 Crystal Bay Circle
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bonus Room, Bedroom 2, Laundry Room, Bedroom 3, Bathroom 2
Parking features
Assigned
Appliances
Gas Range, Dishwasher
Subdivision
Riverbend on the Arkansas
Lot features
River View
Directions
take exit 12, make a left on counts massie rd, make a right on crystal hill rd, crystal ban cir will be on the right.
Standard status
Active
Size
2,756 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Description
3/C
Tax Annual Amount
3696
HOA Fee
$175 Monthly
Legal Description
3/C
Amenities
community pool
outdoor entertaining area
private patio
balcony
gated community
Building Details
Year built
2008
Floors in Building
2
Flooring type
Carpet, Tile, Wood
Roof type
Composition
Architectural style
Other
Listing Agency:
Exp Realty
(866) 720-5056
Listed By:
Keith Squires
(501) 352-5490
Added: Aug 27
Changed: Aug 28
Last Checked: Sep 2 at 2:06AM
MLS# 26035081
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.
Investment Insights
Based on property information with market context.
This 2,756-square-foot duplex, built in 2008, offers a two-level layout with three bedrooms and 2.5 bathrooms. The main floor combines an open kitchen, living area, and dining space, while the primary suite includes direct patio access. The kitchen is equipped with a gas range, dishwasher, stainless steel appliances, a wine cooler, and extensive cabinetry. Upstairs are two additional bedrooms, a full bathroom, and an open loft suitable for additional living, office, or recreation space. Carpet, tile, and wood flooring are used throughout, with assigned parking and a composition roof.
The property is located within a gated riverfront community in North Little Rock. Its private patio and second-story balcony overlook the community pool and Arkansas River. Residents have access to the pool and outdoor entertaining area, with shopping and dining nearby and connections to I-430 and I-40. The setting also provides access to Maumelle and Little Rock.
The property is located within a gated riverfront community in North Little Rock. Its private patio and second-story balcony overlook the community pool and Arkansas River. Residents have access to the pool and outdoor entertaining area, with shopping and dining nearby and connections to I-430 and I-40. The setting also provides access to Maumelle and Little Rock.
Key Highlights
- 2,756 square feet with 3 bedrooms and 2.5 bathrooms
- Built in 2008 with a two‑level interior layout
- Kitchen includes a gas range, dishwasher, stainless steel appliances, and wine cooler
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
$23,161
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
5.45%
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%
$463,220
$463.2K
Cap Rate 7%
$330,871
$330.9K
Cap Rate 9%
$257,344
$257.3K
Market Conditions
NOI Build-Up for 2,756 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
$35.4K $12.84/SF
− Vacancy
−$2.3K −$0.83/SF
EGI
$33.1K $12.01/SF
− OpEx
−$9.9K −$3.60/SF
NOI
$23.2K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$463,220
Cap Rate 7%
$330,871
Cap Rate 9%
$257,344
Alternative Uses
Best Use
Multifamily LT 5
$330.9K
$289.5K – $386.0K
NOI $23,161 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$296.2K
$259.2K – $345.6K
NOI $20,733 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$525.7K
$460.0K – $613.3K
NOI $36,800 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
262
Businesses Nearby
Explore this area
Business Placement
Demographics for 72113, AR
25,930
Population
12,260
Households
2.1
Avg Household Size
38
Median Age
46%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
986
Density / Sq Mi
$72,054
Median Household Income
$46,212
Median Earnings
$1,084
Median Rent
$275,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-level property with a primary suite, flexible loft, private patio, and access to a community pool.
Where is this duplex located?
The property is located at 11527 Crystal Bay Circle North Little Rock, AR.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,756 square feet with 3 bedrooms and 2.5 bathrooms; Built in 2008 with a two‑level interior layout; Kitchen includes a gas range, dishwasher, stainless steel appliances, and wine cooler
