R-2 Zoned Apartment
New
For Sale
$695,900
2600 S Beech Street, Pine Bluff, AR 71601
Built in 1964, the property includes window-unit cooling, a cooktop, and a refrigerator.
Property Size6,500 SF
Price / SF$107.06
Days on Market7
Property Features for 2600 S Beech Street
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Residential Income
Zoning
R-2
Lease Term
Month To Month
Taxes and HOA fees
Annual Taxes
$3,618
Amenities
Window Unit(s)
Cooktop, Refrigerator
Partial
Traditional
Building Details
Building Size
6,500 SF
Year Built
1964
Listing Agency:
Danali Real Estate
Listed By:
Jeffrey Johnston
(501) 553-8579
Source:
Evrealestate
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 4 at 9:38AM
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 apartment building at 2600 S Beech Street in Pine Bluff was built in 1964 and is zoned R-2. Interior features include window-unit cooling, a cooktop, and a refrigerator.
Key Highlights
- R‑2 zoning
- Built in 1964
- Window‑unit cooling
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
$38,696
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
5.56%
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%
$773,920
$773.9K
Cap Rate 7%
$552,800
$552.8K
Cap Rate 9%
$429,956
$430.0K
Market Conditions
NOI Build-Up for 6,500 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
$78.0K $12.00/SF
− Vacancy
−$7.6K −$1.18/SF
EGI
$70.4K $10.82/SF
− OpEx
−$31.7K −$4.87/SF
NOI
$38.7K $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%
$773,920
Cap Rate 7%
$552,800
Cap Rate 9%
$429,956
Alternative Uses
Best Use
Apartment 5plus
$552.8K
$483.7K – $644.9K
NOI $38,696 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,654 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 71601, AR
13,881
Population
6,573
Households
2.1
Avg Household Size
34
Median Age
15%
College-Educated
86%
High-School Grad
115.4 sq mi
ZIP Area
120
Density / Sq Mi
$36,688
Median Household Income
$23,586
Median Earnings
$802
Median Rent
$67,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Built in 1964, the property includes window-unit cooling, a cooktop, and a refrigerator.
Where is this apartment building located?
The property is located at 2600 S Beech Street Pine Bluff, AR.
What is the asking price?
The asking price for this property is $695,900.
What are key features of this property?
This property features: R‑2 zoning; Built in 1964; Window‑unit cooling
