Updated
For Sale
$305,000
600 Jill Circle, Springdale, AR 72762
Residential, Springdale, AR
Property Size1,984 SF
Lot Size0.34 Acres
Price / SF$153.73
Days on Market139
Property Features for 600 Jill Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Garage
Exterior features
ConcreteDriveway
Appliances
GasWaterHeater
Subdivision
Neff Sub Ph V
Lot features
Cleared, Level
Directions
From I-49 - Exit 73 (Elm Springs) - Head East - turn left of Thomas - Left on Jill Circle - Duplex on the left
Standard status
Active
APN
815-23868-000
Size
1,984 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Lot 16 block 1 of Neff S/D Phase V
Tax Annual Amount
1460
Legal Description
Lot 16 block 1 of Neff S/D Phase V
Utilities
Heating system
Natural Gas, Central
Cooling system
Electric, Central Air
Building Details
Year built
1973
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
Realty Concepts
Listed By:
Trent Ward · License #SA00060525
(479) 521-8970
Added: May 20
Changed: Oct 1
Last Checked: Oct 5 at 3:06AM
MLS# 1348155
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,984-square-foot duplex was built in 1973 and has brick construction. Interior work includes new cabinets and flooring in one unit, with newer flooring in the other. The property has a garage and concrete driveway, plus central heating fueled by natural gas and central electric air conditioning. An asphalt shingle roof was installed in 2026.
The property occupies a 0.3356-acre lot in Springdale, Arkansas.
The property occupies a 0.3356-acre lot in Springdale, Arkansas.
Key Highlights
- 1,984 square feet across a duplex
- 0.3356‑acre lot in Springdale, Arkansas
- One unit has new cabinets and flooring; the second has newer flooring
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
$17,855
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
5.85%
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%
$357,100
$357.1K
Cap Rate 7%
$255,071
$255.1K
Cap Rate 9%
$198,389
$198.4K
Market Conditions
NOI Build-Up for 1,984 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
$27.4K $13.80/SF
− Vacancy
−$1.9K −$0.94/SF
EGI
$25.5K $12.86/SF
− OpEx
−$7.7K −$3.86/SF
NOI
$17.9K $9.00/SF
Area
Washington County, AR
Vacancy
6.84%
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%
$357,100
Cap Rate 7%
$255,071
Cap Rate 9%
$198,389
Alternative Uses
Best Use
Multifamily LT 5
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$225.7K
$197.5K – $263.3K
NOI $15,797 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$532.5K
$466.0K – $621.3K
NOI $37,278 @ 7.0% cap · market cap 12.22%
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
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 72762, AR
42,175
Population
17,270
Households
2.4
Avg Household Size
36
Median Age
33%
College-Educated
85%
High-School Grad
58.1 sq mi
ZIP Area
726
Density / Sq Mi
$80,678
Median Household Income
$42,066
Median Earnings
$1,118
Median Rent
$278,600
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?
Duplex - One residence features replacement cabinets and flooring, while the other has newer flooring.
Where is this duplex located?
The property is located at 600 Jill Circle Springdale, AR.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,984 square feet across a duplex; 0.3356‑acre lot in Springdale, Arkansas; One unit has new cabinets and flooring; the second has newer flooring
