Occupied Two-Unit
For Sale
$198,000
606 Brierly Dr, Sherwood, AR 72120
Fully leased duplex with spacious residences and off-street parking in Sherwood.
Property Size2,337 SF
Price / SF$84.72
Days on Market122
Property Features for 606 Brierly Dr
General Information
Standard status
Active
Size
2,337 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,857
Listing Agency:
Crye-Leike REALTORS NLR Branch
(501) 680-4647
Listed By:
Brad Miles
(501) 680-4647
Source:
Exprealty
Added: May 3
Changed: Aug 30
Last Checked: Aug 31 at 7:27PM
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 Crye-Leike REALTORS NLR Branch
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms, one and one-half bathrooms, and approximately 1,169 square feet. Both units are currently occupied, providing an established income-producing configuration for an owner or portfolio buyer. Off-street parking serves the property.
Located in Sherwood, the duplex offers access to highways, restaurants, shopping, hospital systems, and a bus route. The property comprises the residences identified as 606 and 608 Brierley Drive. Its two-unit layout and existing occupancy provide a straightforward multifamily asset in an established service area.
Located in Sherwood, the duplex offers access to highways, restaurants, shopping, hospital systems, and a bus route. The property comprises the residences identified as 606 and 608 Brierley Drive. Its two-unit layout and existing occupancy provide a straightforward multifamily asset in an established service area.
Key Highlights
- Two 3‑bedroom, 1.5‑bath units
- Each residence measures 1,169 sq ft
- 100% occupied
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
$17,581
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
8.88%
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%
$351,620
$351.6K
Cap Rate 7%
$251,157
$251.2K
Cap Rate 9%
$195,344
$195.3K
Market Conditions
NOI Build-Up for 2,337 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
$33.9K $14.52/SF
− Vacancy
−$2.0K −$0.84/SF
EGI
$32.0K $13.68/SF
− OpEx
−$14.4K −$6.16/SF
NOI
$17.6K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /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%
$351,620
Cap Rate 7%
$251,157
Cap Rate 9%
$195,344
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.5K – $327.3K
NOI $19,640 @ 7.0% cap · market cap 9.92%
Second Best
Apartment 5plus
$251.2K
$219.8K – $293.0K
NOI $17,581 @ 7.0% cap · market cap 8.88%
Theoretical Best
Specialty Retail
$445.8K
$390.1K – $520.1K
NOI $31,205 @ 7.0% cap · market cap 15.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
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 - Fully leased duplex with spacious residences and off-street parking in Sherwood.
Where is this duplex located?
The property is located at 606 Brierly Dr Sherwood, AR.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1.5‑bath units; Each residence measures 1,169 sq ft; 100% occupied
