New Construction
For Sale
$380,000
417 & 419 Church Street, Lonoke, AR 72086
Two-story duplex offering three-bedroom, three-bath units with private laundry and flexible bonus space.
Property Size2,708 SF
Price / SF$140.32
Days on Market20
Property Features for 417 & 419 Church Street
General Information
Standard status
Active
Size
2,708 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Building Details
Buildings
1
Listing Agency:
Fathom Realty Central
(888) 455-6040
Listed By:
Miekka Maile
(501) 941-8830
Source:
Heilesassociatesrealtors
Added: Aug 26
Changed: Sep 8
Last Checked: Sep 13 at 11:26AM
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 Fathom Realty Central
Investment Insights
Based on property information with market context.
This 2,708-square-foot duplex at 417 & 419 Church Street in Lonoke, Arkansas, is designed with two matching residential units. Each unit includes three bedrooms and three bathrooms arranged across two levels. The main floor provides a living room, kitchen, bedroom, and full bathroom, while the upper level contains two additional bedrooms, two bathrooms, laundry, and a bonus area. Luxury vinyl flooring extends throughout the building.
The property is new construction, with completion estimated for the end of August. Its layout includes a private bedroom and bathroom on the main level along with additional sleeping and living areas upstairs, creating a clearly defined configuration within each unit.
The property is new construction, with completion estimated for the end of August. Its layout includes a private bedroom and bathroom on the main level along with additional sleeping and living areas upstairs, creating a clearly defined configuration within each unit.
Key Highlights
- 2,708‑square‑foot new‑construction duplex
- Two units, each with 3 bedrooms and 3 bathrooms
- Two‑level layout with living room, kitchen, bedrooms, bathrooms, laundry, and bonus space
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
$24,718
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
6.50%
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%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 2,708 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
$37.4K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$35.3K $13.04/SF
− OpEx
−$10.6K −$3.91/SF
NOI
$24.7K $9.13/SF
Area
Lonoke 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%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$312.7K
$273.6K – $364.8K
NOI $21,887 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$551.4K
$482.5K – $643.3K
NOI $38,596 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Explore this area
Business Placement
Demographics for 72086, AR
10,673
Population
4,983
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
164.1 sq mi
ZIP Area
65
Density / Sq Mi
$59,450
Median Household Income
$41,176
Median Earnings
$945
Median Rent
$151,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex offering three-bedroom, three-bath units with private laundry and flexible bonus space.
Where is this duplex located?
The property is located at 417 & 419 Church Street Lonoke, AR.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 2,708‑square‑foot new‑construction duplex; Two units, each with 3 bedrooms and 3 bathrooms; Two‑level layout with living room, kitchen, bedrooms, bathrooms, laundry, and bonus space
