Multifamily
For Sale
$324,900
1261 County Road 380, Bono, AR 72416
Ranch-style property with central air, natural gas, and an electric water heater.
Property Size3,276 SF
Price / SF$99.18
Days on Market10
Property Features for 1261 County Road 380
General Information
Standard status
Active
Size
3,276 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,268
Amenities
Central Air, Gas
Central, Natural Gas
Electric Water Heater
Ranch
Building Details
Building Size
3,276 SF
Year Built
1994
Listing Agency:
Compass Rose Realty
(901) 371-1617
Listed By:
Kyah Mancil
(901) 371-1617
Source:
Evrealestate
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 19 at 5:16AM
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 Compass Rose Realty
Investment Insights
Based on property information with market context.
This multifamily property features ranch-style exterior construction and was built in 1994. Interior systems include central air, natural gas service, and an electric water heater, providing a defined mechanical profile for the building.
The property is located at 1261 County Road 380 in Bono, Craighead County, Arkansas. From N Main, access follows County Road 380 to the property.
The property is located at 1261 County Road 380 in Bono, Craighead County, Arkansas. From N Main, access follows County Road 380 to the property.
Key Highlights
- Multifamily property built in 1994
- Ranch‑style exterior
- Central air conditioning
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
$21,636
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
6.66%
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%
$432,720
$432.7K
Cap Rate 7%
$309,086
$309.1K
Cap Rate 9%
$240,400
$240.4K
Market Conditions
NOI Build-Up for 3,276 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
$33.4K $10.20/SF
− Vacancy
−$2.5K −$0.77/SF
EGI
$30.9K $9.44/SF
− OpEx
−$9.3K −$2.83/SF
NOI
$21.6K $6.60/SF
Area
Craighead County, AR
Vacancy
7.50%
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%
$432,720
Cap Rate 7%
$309,086
Cap Rate 9%
$240,400
Alternative Uses
Best Use
Multifamily LT 5
$309.1K
$270.5K – $360.6K
NOI $21,636 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$280.7K
$245.7K – $327.5K
NOI $19,652 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$573.5K
$501.9K – $669.1K
NOI $40,148 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 72416, AR
5,661
Population
2,405
Households
2.4
Avg Household Size
37
Median Age
19%
College-Educated
88%
High-School Grad
88.7 sq mi
ZIP Area
64
Density / Sq Mi
$72,452
Median Household Income
$36,421
Median Earnings
$891
Median Rent
$157,700
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?
Multifamily property - Ranch-style property with central air, natural gas, and an electric water heater.
Where is this multifamily property located?
The property is located at 1261 County Road 380 Bono, AR.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Multifamily property built in 1994; Ranch‑style exterior; Central air conditioning
