Two-Building Duplex
New
For Sale
$509,000
61 Cardinal Ln, Cabot, AR 72023
Separate buildings provide open-plan residences with full baths, covered rear patios, and on-site parking.
Property Size4,374 SF
Price / SF$116.37
Days on Market2
Property Features for 61 Cardinal Ln
General Information
Standard status
Active
Size
4,374 SF
Building Details
Year Built
2006
Listing Agency:
Arnett Realty & Investments
Listed By:
Cole Arnett, Ted Arnett
Source:
Pcsingtolittlerock
Added: Sep 9
Last Checked: Sep 9 at 3:49PM
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 Arnett Realty & Investments
Investment Insights
Based on property information with market context.
This property includes two duplex buildings completed in 2006. Each residence is configured with two bedrooms, two full bathrooms, and an expansive open living plan. Covered rear patios and ample parking accompany the individual units, adding practical outdoor and vehicle accommodations.
The property is located at 61 Cardinal Ln in Cabot, near retail, shopping, and entertainment options. Elementary, middle, and junior high schools are within walking distance, placing several school levels close to the property.
The property is located at 61 Cardinal Ln in Cabot, near retail, shopping, and entertainment options. Elementary, middle, and junior high schools are within walking distance, placing several school levels close to the property.
Key Highlights
- Two duplex buildings at 61 Cardinal Ln, Cabot, AR 72023
- Built in 2006
- Each residence has 2 bedrooms and 2 full baths
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
$39,925
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
7.84%
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%
$798,500
$798.5K
Cap Rate 7%
$570,357
$570.4K
Cap Rate 9%
$443,611
$443.6K
Market Conditions
NOI Build-Up for 4,374 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
$60.4K $13.80/SF
− Vacancy
−$3.3K −$0.76/SF
EGI
$57.0K $13.04/SF
− OpEx
−$17.1K −$3.91/SF
NOI
$39.9K $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%
$798,500
Cap Rate 7%
$570,357
Cap Rate 9%
$443,611
Alternative Uses
Best Use
Multifamily LT 5
$570.4K
$499.1K – $665.4K
NOI $39,925 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$505.0K
$441.9K – $589.2K
NOI $35,352 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$890.6K
$779.3K – $1.04M
NOI $62,340 @ 7.0% cap · market cap 12.25%
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
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate buildings provide open-plan residences with full baths, covered rear patios, and on-site parking.
Where is this duplex located?
The property is located at 61 Cardinal Ln Cabot, AR.
What is the asking price?
The asking price for this property is $509,000.
What are key features of this property?
This property features: Two duplex buildings at 61 Cardinal Ln, Cabot, AR 72023; Built in 2006; Each residence has 2 bedrooms and 2 full baths
