14-Unit Apartment
8 12 S Hill S, Fayetteville, AR 72701
For Sale
$2,400,000
Pending
A University of Arkansas master lease provides three years of guaranteed occupancy income.
Property Size11,274 SF
Days on Market186
Property Features for 8 12 S Hill S
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Tenancy
Listing Agency:
GREA-Global Realtor Estate Advisors Branch
(479) 231-7833
Listed By:
Samuel Hewitt · License AR SA00095864
(479) 301-5267
Source:
Hangerpropertygroup
Added: May 13
Changed: Nov 13
Last Checked: Nov 13 at 12:31PM
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 GREA-Global Realtor Estate Advisors Branch
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Investment Insights
Based on property information with market context.
This 14-unit apartment property contains 11,274 square feet and was built in 1967. A master lease with the University of Arkansas provides guaranteed income based on 100% occupancy for the next three years. The property is zoned Downtown General (DG).
The apartments sit on the southern side of the University of Arkansas campus. Dickson Street, the Downtown Square, and the Frisco Trail are a few blocks away. Nearby student housing developments form part of the surrounding context.
The apartments sit on the southern side of the University of Arkansas campus. Dickson Street, the Downtown Square, and the Frisco Trail are a few blocks away. Nearby student housing developments form part of the surrounding context.
Key Highlights
- 14 apartments totaling 11,274 square feet
- University of Arkansas master lease guarantees 100% occupancy income for the next three years
- Zoned Downtown General (DG)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,766
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,320
$1.8M
Cap Rate 7%
$1,282,371
$1.3M
Cap Rate 9%
$997,400
$997.4K
Market Conditions
NOI Build-Up for 11,274 SF
Gross rent
$175.9K $15.60/SF
− Vacancy
−$12.7K −$1.12/SF
EGI
$163.2K $14.48/SF
− OpEx
−$73.4K −$6.51/SF
NOI
$89.8K $7.96/SF
Area
Washington County, AR
Vacancy
7.20%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,320
Cap Rate 7%
$1,282,371
Cap Rate 9%
$997,400
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,766 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.03M
$2.65M – $3.53M
NOI $211,829 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
14
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 72701, AR
48,269
Population
20,057
Households
2.4
Avg Household Size
28
Median Age
42%
College-Educated
93%
High-School Grad
126.0 sq mi
ZIP Area
383
Density / Sq Mi
$50,413
Median Household Income
$27,305
Median Earnings
$973
Median Rent
$323,900
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
What type of property is this?
Apartment building - A University of Arkansas master lease provides three years of guaranteed occupancy income.
Where is this apartment building located?
The property is located at 8 12 S Hill S Fayetteville, AR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 14 apartments totaling 11,274 square feet; University of Arkansas master lease guarantees 100% occupancy income for the next three years; Zoned Downtown General (DG)
