14-Unit Apartment
New
For Sale
$729,900
1600 N Lane Street, Pine Bluff, AR 71602
Apartment property with reported full occupancy and a waiting list.
Property Size3,888 SF
Price / SF$187.73
Days on Market5
Property Features for 1600 N Lane Street
General Information
Standard status
Active
Size
3,888 SF
Property subtype
Multi-family
Additional Details
Average Monthly Rent
$485
Multifamily Units
14
Listing Agency:
Danali Real Estate
(501) 223-2737
Listed By:
Jeffrey Johnston
(501) 223-2742
Source:
Heilesassociatesrealtors
Added: Sep 11
Last Checked: Sep 14 at 12:09PM
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 Danali Real Estate
Investment Insights
Based on property information with market context.
This 14-unit apartment property is identified with a recorded property size of 3,888. The property information reports that the complex remains full and has a waiting list, providing a clear indication of ongoing demand. Capital improvements have also been completed, although no further detail on the specific work is provided.
The property is located at 1600 N Lane Street in Pine Bluff, Arkansas 71602. Additional details regarding unit layouts, amenities, utilities, parking, zoning, and construction dates are not included.
The property is located at 1600 N Lane Street in Pine Bluff, Arkansas 71602. Additional details regarding unit layouts, amenities, utilities, parking, zoning, and construction dates are not included.
Key Highlights
- 14‑unit apartment complex
- Reported full occupancy with a waiting list
- Recorded property size of 3,888
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
$23,146
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
3.17%
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%
$462,920
$462.9K
Cap Rate 7%
$330,657
$330.7K
Cap Rate 9%
$257,178
$257.2K
Market Conditions
NOI Build-Up for 3,888 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
$46.7K $12.00/SF
− Vacancy
−$4.6K −$1.18/SF
EGI
$42.1K $10.82/SF
− OpEx
−$18.9K −$4.87/SF
NOI
$23.1K $5.95/SF
Area
Jefferson County, AR
Vacancy
9.80%
Lease Rate
$12.00 /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%
$462,920
Cap Rate 7%
$330,657
Cap Rate 9%
$257,178
Alternative Uses
Best Use
Apartment 5plus
$330.7K
$289.3K – $385.8K
NOI $23,146 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.8K
$872.2K – $1.16M
NOI $69,777 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
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Business Placement
Demographics for 71602, AR
16,112
Population
7,489
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
131.0 sq mi
ZIP Area
123
Density / Sq Mi
$54,936
Median Household Income
$35,644
Median Earnings
$900
Median Rent
$135,800
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with reported full occupancy and a waiting list.
Where is this apartment building located?
The property is located at 1600 N Lane Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $729,900.
What are key features of this property?
This property features: 14‑unit apartment complex; Reported full occupancy with a waiting list; Recorded property size of 3,888
