Triplex with Private
New
For Sale
$299,000
8306 Woodview Dr E, Sherwood, AR 72120
All three residences have private rear patios, storage, and two parking spaces apiece.
Property Size3,158 SF
Price / SF$94.68
Days on Market7
Property Features for 8306 Woodview Dr E
General Information
Standard status
Active
Size
3,158 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,734
Amenities
LVP flooring
refrigerator
range
dishwasher
central air
natural gas heat
washer/dryer connections
private back patio with storage
Wi-Fi-connected Arlo security cameras
Building Details
Buildings
1
Listing Agency:
Green Realty & Associates, LLC
(501) 850-5635
Listed By:
Jade Brandon
(501) 351-0252
Source:
Exprealty
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 4 at 2:04PM
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 Green Realty & Associates, LLC
Investment Insights
Based on property information with market context.
This three-unit property in Sherwood totals 3,158 in listed property size. Each residence has LVP flooring, a refrigerator, range, dishwasher, central air, natural gas heat, and washer/dryer connections. Private rear patios include storage, and each unit has two parking spaces. Units A and C have recent updates; Unit B was updated before 2021. The roof was replaced in November 2025, and exterior painting was completed in July 2026.
All units are occupied by long-term tenants. Tenants pay for water, natural gas, electricity, and internet. The property also has three Wi-Fi-connected Arlo security cameras, and major systems receive annual maintenance. The address is near Landers Road and Kiehl Ave, with access to North Little Rock amenities, Little Rock Air Force Base, and I-40.
All units are occupied by long-term tenants. Tenants pay for water, natural gas, electricity, and internet. The property also has three Wi-Fi-connected Arlo security cameras, and major systems receive annual maintenance. The address is near Landers Road and Kiehl Ave, with access to North Little Rock amenities, Little Rock Air Force Base, and I-40.
Key Highlights
- Three‑unit property with all residences occupied by long‑term tenants
- Two parking spaces per unit and private rear patios with storage
- 3,158 listed property size
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
$26,539
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%
$530,780
$530.8K
Cap Rate 7%
$379,129
$379.1K
Cap Rate 9%
$294,878
$294.9K
Market Conditions
NOI Build-Up for 3,158 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
$40.5K $12.84/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$37.9K $12.01/SF
− OpEx
−$11.4K −$3.60/SF
NOI
$26.5K $8.40/SF
Area
Pulaski County, AR
Vacancy
6.50%
Lease Rate
$12.84 /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%
$530,780
Cap Rate 7%
$379,129
Cap Rate 9%
$294,878
Alternative Uses
Best Use
Multifamily LT 5
$379.1K
$331.7K – $442.3K
NOI $26,539 @ 7.0% cap · market cap 8.88%
Second Best
Apartment 5plus
$339.4K
$297.0K – $396.0K
NOI $23,757 @ 7.0% cap · market cap 7.95%
Theoretical Best
Specialty Retail
$602.4K
$527.1K – $702.8K
NOI $42,167 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
501
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - All three residences have private rear patios, storage, and two parking spaces apiece.
Where is this triplex located?
The property is located at 8306 Woodview Dr E Sherwood, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit property with all residences occupied by long‑term tenants; Two parking spaces per unit and private rear patios with storage; 3,158 listed property size
