Six-Unit Apartment
For Sale
$495,500
14810 Highway 107, Sherwood, AR 72076
Multi-Family, Traditional, Sherwood, AR
Property Size5,264 SF
Lot Size0.28 Acres
Price / SF$94.13
Days on Market98
Property Features for 14810 Highway 107
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Appliances
Electric Range, Refrigerator-Stays, Electric Range, Refrigerator-Stays
Subdivision
3N-11-20
Lot features
Level
Directions
Take Highway 107 Into town Its directly behind the fire station.
Standard status
Active
Size
5,264 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
PT SW SW BG 160'S & 205.93'E N
Tax Annual Amount
3426
Legal Description
PT SW SW BG 160'S & 205.93'E N
Building Details
Year built
1984
Floors in Building
2
Number of units
6
Flooring type
Laminate
Roof type
Composition
Architectural style
Other
Listing Agency:
Baker Ray Realty & Consulting
(501) 681-4104
Listed By:
Michael Love
(501) 680-3429
Added: Jun 22
Changed: Sep 6
Last Checked: Sep 27 at 1:06PM
MLS# 26025093
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 six-unit apartment property in Sherwood contains 5,264 square feet and was built in 1984. The building features laminate flooring, electric ranges, and refrigerators that remain with the property. A composition roof was replaced within the last 6 months, and additional updates have been completed recently.
The property occupies 0.28 acres at 14810 Highway 107 in Sherwood, Arkansas. Its six-unit configuration provides a defined multifamily layout, with rent roll and additional property information available through the listing contact.
The property occupies 0.28 acres at 14810 Highway 107 in Sherwood, Arkansas. Its six-unit configuration provides a defined multifamily layout, with rent roll and additional property information available through the listing contact.
Key Highlights
- Six‑unit apartment building
- 5,264 square feet on 0.28 acres
- Composition roof replaced within the last 6 months
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
$39,600
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
7.99%
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%
$792,000
$792.0K
Cap Rate 7%
$565,714
$565.7K
Cap Rate 9%
$440,000
$440.0K
Market Conditions
NOI Build-Up for 5,264 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
$76.4K $14.52/SF
− Vacancy
−$4.4K −$0.84/SF
EGI
$72.0K $13.68/SF
− OpEx
−$32.4K −$6.16/SF
NOI
$39.6K $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 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%
$792,000
Cap Rate 7%
$565,714
Cap Rate 9%
$440,000
Alternative Uses
Best Use
Apartment 5plus
$565.7K
$495.0K – $660.0K
NOI $39,600 @ 7.0% cap · market cap 7.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$878.6K – $1.17M
NOI $70,288 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 72076, AR
38,443
Population
17,780
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
90%
High-School Grad
72.7 sq mi
ZIP Area
529
Density / Sq Mi
$53,048
Median Household Income
$36,189
Median Earnings
$917
Median Rent
$155,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated multifamily property with a recently replaced roof and laminate flooring.
Where is this apartment building located?
The property is located at 14810 Highway 107 Sherwood, AR.
What is the asking price?
The asking price for this property is $495,500.
What are key features of this property?
This property features: Six‑unit apartment building; 5,264 square feet on 0.28 acres; Composition roof replaced within the last 6 months
