709 and 711 E Northbrook Dr, Van Buren, AR 72956
For Sale
$795,000
Duplexes
Property Size3,876 SF
Price / SF$205.11
Days on Market14
Property Features for 709 and 711 E Northbrook Dr
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Remax Real Estate Results
(479) 271-9595
Listed By:
Bradford & Udouj Realtors
(479) 646-5539
Source:
Bradfordudouj
Added: Oct 28
Changed: Nov 6
Last Checked: Nov 8 at 5:17AM
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 Remax Real Estate Results
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,887
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,740
$517.7K
Cap Rate 7%
$369,814
$369.8K
Cap Rate 9%
$287,633
$287.6K
Market Conditions
NOI Build-Up for 3,876 SF
Gross rent
$39.5K $10.20/SF
− Vacancy
−$2.6K −$0.66/SF
EGI
$37.0K $9.54/SF
− OpEx
−$11.1K −$2.86/SF
NOI
$25.9K $6.68/SF
Area
Crawford County, AR
Vacancy
6.46%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,740
Cap Rate 7%
$369,814
Cap Rate 9%
$287,633
Alternative Uses
Best Use
Multifamily LT 5
$369.8K
$323.6K – $431.5K
NOI $25,887 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$340.6K
$298.0K – $397.4K
NOI $23,842 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$743.1K
$650.2K – $867.0K
NOI $52,019 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
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Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
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
Frequently Asked Questions
Where is this duplex located?
The property is located at 709 and 711 E Northbrook Dr Van Buren, AR.
What is the asking price?
The asking price for this property is $795,000.
