Duplex with Central
For Sale
$209,000
33 Hiland Pl, Benton, AR 72015
R-8-zoned two-unit property with electric systems, a cooktop, and crawl-space construction.
Property Size1,560 SF
Price / SF$133.97
Days on Market9
Property Features for 33 Hiland Pl
General Information
Standard status
Active
Size
1,560 SF
Property subtype
Residential Income
Zoning
R-8
Taxes and HOA fees
Annual Taxes
$1,432
Amenities
Central Air, Electric
Central, Electric
Crawl Space
Cooktop
Traditional
Building Details
Building Size
1,560 SF
Year Built
1954
Listing Agency:
(479) 857-8131
Listed By:
Casey Mills
(479) 857-8131
Source:
Evrealestate
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 11 at 6:39AM
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 Casey Mills
Investment Insights
Based on property information with market context.
This 1,560-square-foot duplex at 33 Hiland Pl in Benton, Arkansas, was built in 1954 and has a traditional exterior. Interior features include central air with electric service, central electric systems, a crawl space, and a cooktop.
The property is located in Saline County. Access is provided from Alcoa Road via Newcomb, E North, and Hiland Place. The property carries R-8 zoning.
The property is located in Saline County. Access is provided from Alcoa Road via Newcomb, E North, and Hiland Place. The property carries R-8 zoning.
Key Highlights
- 1,560‑square‑foot duplex
- Built in 1954
- R‑8 zoning
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
$15,432
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
7.38%
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%
$308,640
$308.6K
Cap Rate 7%
$220,457
$220.5K
Cap Rate 9%
$171,467
$171.5K
Market Conditions
NOI Build-Up for 1,560 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
$23.4K $15.00/SF
− Vacancy
−$1.4K −$0.87/SF
EGI
$22.0K $14.13/SF
− OpEx
−$6.6K −$4.24/SF
NOI
$15.4K $9.89/SF
Area
Saline County, AR
Vacancy
5.79%
Lease Rate
$15.00 /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%
$308,640
Cap Rate 7%
$220,457
Cap Rate 9%
$171,467
Alternative Uses
Best Use
Multifamily LT 5
$220.5K
$192.9K – $257.2K
NOI $15,432 @ 7.0% cap · market cap 7.38%
Second Best
Apartment 5plus
$192.0K
$168.0K – $224.0K
NOI $13,438 @ 7.0% cap · market cap 6.43%
Theoretical Best
Office A
$340.4K
$297.9K – $397.2K
NOI $23,830 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-8-zoned two-unit property with electric systems, a cooktop, and crawl-space construction.
Where is this duplex located?
The property is located at 33 Hiland Pl Benton, AR.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,560‑square‑foot duplex; Built in 1954; R‑8 zoning
