Two-Unit Duplex
For Sale
$595,000
Pending
1018 Benchmark Lane, Fayetteville, AR 72704
Built in 2024 with contemporary finishes, garage access, and covered outdoor space.
Property Size3,418 SF
Days on Market764
Property Features for 1018 Benchmark Lane
General Information
Standard status
Pending
Size
3,418 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$342
Amenities
covered balcony
front covered entry
Electric
3
Electric Dryer, Disposal, Microwave, Refrigerator
Security System
Shingle, Composition Shingle
Brick Wall, No Fence
Garage.
Brick
.
Sidewalks. Curbs Walk, Paved Road, Clear lot.
Building Details
Year Built
2024
Buildings
1
Stories
2
Listing Agency:
Keller Williams Platinum Realty
(479) 434-3000
Listed By:
Cheryl Garner · License #Sa00083287
(832) 623-1993
Source:
Xome
Added: Jul 30, 2024
Changed: Aug 31
Last Checked: Aug 31 at 3:43PM
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 Keller Williams Platinum Realty
Investment Insights
Based on property information with market context.
This 2024 duplex contains 2 units totaling 3418 SF. Each residence features an open living arrangement, granite countertops in the kitchen and bathrooms, neutral interior colors, contemporary light fixtures, and luxury vinyl plank flooring. The layouts include an ensuite bathroom and a Jack and Jill bathroom, along with an upstairs washer and dryer location. Covered front entries and balconies extend the usable space, while garage access and a security system add practical features.
The property is located in Fayetteville at 1018 Benchmark Lane and sits on the Fayetteville Trail System. Exterior improvements include brick construction, shingle roofing, paved road access, sidewalks, curbs, and community maintenance. The lot is described as clear, and the property includes a garage and a brick wall.
The property is located in Fayetteville at 1018 Benchmark Lane and sits on the Fayetteville Trail System. Exterior improvements include brick construction, shingle roofing, paved road access, sidewalks, curbs, and community maintenance. The lot is described as clear, and the property includes a garage and a brick wall.
Key Highlights
- Duplex configuration with 2 units
- 3418 SF total property size
- Built in 2024
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
$30,759
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
5.17%
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%
$615,180
$615.2K
Cap Rate 7%
$439,414
$439.4K
Cap Rate 9%
$341,767
$341.8K
Market Conditions
NOI Build-Up for 3,418 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
$47.2K $13.80/SF
− Vacancy
−$3.2K −$0.94/SF
EGI
$43.9K $12.86/SF
− OpEx
−$13.2K −$3.86/SF
NOI
$30.8K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
Lease Rate
$13.80 /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%
$615,180
Cap Rate 7%
$439,414
Cap Rate 9%
$341,767
Alternative Uses
Best Use
Multifamily LT 5
$439.4K
$384.5K – $512.7K
NOI $30,759 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$388.8K
$340.2K – $453.6K
NOI $27,215 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$917.4K
$802.8K – $1.07M
NOI $64,221 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 72704, AR
31,145
Population
14,098
Households
2.2
Avg Household Size
31
Median Age
55%
College-Educated
96%
High-School Grad
77.0 sq mi
ZIP Area
404
Density / Sq Mi
$88,991
Median Household Income
$51,341
Median Earnings
$1,163
Median Rent
$301,600
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 - Built in 2024 with contemporary finishes, garage access, and covered outdoor space.
Where is this duplex located?
The property is located at 1018 Benchmark Lane Fayetteville, AR.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Duplex configuration with 2 units; 3418 SF total property size; Built in 2024
