Renovated Duplex with Fenced
For Sale
$485,000
Pending
228 And 230 Copper Oaks Dr, Centerton, AR 72719
Two separately leased units offer flexible occupancy and updated finishes in one side of the duplex.
Property Size2,920 SF
Days on Market26
Property Features for 228 And 230 Copper Oaks Dr
General Information
Standard status
Pending
Size
2,920 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2006
Listing Agency:
PAK Home Realty
(479) 721-8029
Listed By:
Jose Esparza · License #PB00060299
Source:
Thebesthomeprice
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 29 at 11:02AM
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 PAK Home Realty
Investment Insights
Based on property information with market context.
Built in 2006, this 2,920-square-foot duplex contains two matching residences, each with three bedrooms, two full bathrooms upstairs, and a half bathroom on the main level. Both sides feature spacious backyards enclosed by privacy fencing, while the property also has a newer roof. Unit 230 has been refreshed with new flooring and interior paint.
The leasing profile combines current occupancy with future flexibility: Unit 230 is leased month-to-month, and Unit 228 is leased through August 2027. The property is located at 228 And 230 Copper Oaks Dr in Centerton, Arkansas, approximately 10–15 minutes from the new Walmart Home Office and near shopping, schools, parks, and major employers.
The leasing profile combines current occupancy with future flexibility: Unit 230 is leased month-to-month, and Unit 228 is leased through August 2027. The property is located at 228 And 230 Copper Oaks Dr in Centerton, Arkansas, approximately 10–15 minutes from the new Walmart Home Office and near shopping, schools, parks, and major employers.
Key Highlights
- 2,920‑square‑foot duplex built in 2006
- Each unit includes 3 bedrooms, 2 full bathrooms upstairs, and a half bathroom downstairs
- Unit 230 features new flooring 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
$26,653
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
5.50%
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%
$533,060
$533.1K
Cap Rate 7%
$380,757
$380.8K
Cap Rate 9%
$296,144
$296.1K
Market Conditions
NOI Build-Up for 2,920 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
$40.3K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.1K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.7K $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%
$533,060
Cap Rate 7%
$380,757
Cap Rate 9%
$296,144
Alternative Uses
Best Use
Multifamily LT 5
$380.8K
$333.2K – $444.2K
NOI $26,653 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$339.7K
$297.3K – $396.4K
NOI $23,782 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$802.4K
$702.1K – $936.2K
NOI $56,171 @ 7.0% cap · market cap 11.58%
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
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 72719, AR
16,248
Population
6,989
Households
2.3
Avg Household Size
30
Median Age
39%
College-Educated
96%
High-School Grad
9.2 sq mi
ZIP Area
1,766
Density / Sq Mi
$111,250
Median Household Income
$61,073
Median Earnings
$1,432
Median Rent
$283,300
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?
Duplex - Two separately leased units offer flexible occupancy and updated finishes in one side of the duplex.
Where is this duplex located?
The property is located at 228 And 230 Copper Oaks Dr Centerton, AR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 2,920‑square‑foot duplex built in 2006; Each unit includes 3 bedrooms, 2 full bathrooms upstairs, and a half bathroom downstairs; Unit 230 features new flooring and fresh paint
