Furnished Two-Unit Short-Term
New
For Sale
$1,059,000
1515 / 1517 Belle Royal Ct, Bentonville, AR 72712
Operating furnished rental with refreshed interiors, private outdoor space, and management already in place.
Property Size4,612 SF
Price / SF$229.62
Days on Market7
Property Features for 1515 / 1517 Belle Royal Ct
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
fully fenced backyard
Building Details
Year Built
2004
Listing Agency:
Weekender Management, LLC
(479) 208-5267
Listed By:
Garrett Ham
Source:
Thesummithometeam
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 31 at 7:33PM
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 Weekender Management, LLC
Investment Insights
Based on property information with market context.
This 4612 SF short-term rental property contains two operating units, each arranged with 4 bedrooms and 2.5 bathrooms. Improvements include new flooring, granite countertops, and fresh paint, while the property conveys with appliances, furnishings, décor, and other household essentials. A fully fenced backyard adds private outdoor space for occupants.
Built in 2004, the property is located 1.8 miles from Downtown Bentonville Square. Management is currently established, and the existing management company has agreed to continue serving the property for the buyer at a discounted rate. The configuration and furnishings support continued short-term rental or executive rental use.
Built in 2004, the property is located 1.8 miles from Downtown Bentonville Square. Management is currently established, and the existing management company has agreed to continue serving the property for the buyer at a discounted rate. The configuration and furnishings support continued short-term rental or executive rental use.
Key Highlights
- 4612 SF property with 2 operating short‑term rental units
- Each of the 2 units includes 4 bedrooms and 2.5 bathrooms
- Updated with new flooring, granite countertops, and fresh paint
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
$42,097
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
3.98%
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%
$841,940
$841.9K
Cap Rate 7%
$601,386
$601.4K
Cap Rate 9%
$467,744
$467.7K
Market Conditions
NOI Build-Up for 4,612 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
$63.6K $13.80/SF
− Vacancy
−$3.5K −$0.76/SF
EGI
$60.1K $13.04/SF
− OpEx
−$18.0K −$3.91/SF
NOI
$42.1K $9.13/SF
Area
Benton County, AR
Vacancy
5.51%
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%
$841,940
Cap Rate 7%
$601,386
Cap Rate 9%
$467,744
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.6K
NOI $42,097 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$536.6K
$469.5K – $626.1K
NOI $37,563 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,719 @ 7.0% cap · market cap 8.38%
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
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 72712, AR
38,053
Population
16,245
Households
2.3
Avg Household Size
34
Median Age
49%
College-Educated
94%
High-School Grad
51.8 sq mi
ZIP Area
735
Density / Sq Mi
$102,073
Median Household Income
$56,675
Median Earnings
$1,197
Median Rent
$401,300
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?
Short term rental property - Operating furnished rental with refreshed interiors, private outdoor space, and management already in place.
Where is this short term rental property located?
The property is located at 1515 / 1517 Belle Royal Ct Bentonville, AR.
What is the asking price?
The asking price for this property is $1,059,000.
What are key features of this property?
This property features: 4612 SF property with 2 operating short‑term rental units; Each of the 2 units includes 4 bedrooms and 2.5 bathrooms; Updated with new flooring, granite countertops, and fresh paint
