8-Unit Duplex
For Sale
$1,250,000
916-934 Dismukes Avenue, Lonoke, AR 72086
Commercial / Industrial, Traditional, Lonoke, AR
Property Size10,020 SF
Lot Size1.00 Acre
Price / SF$124.75
Days on Market140
Property Features for 916-934 Dismukes Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
18
Lot features
Level
Directions
GPS to Dismukes
Subdivision
LONOKE SCHOOL DISTRICT
Standard status
Active
Size
10,020 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
7705
Building Details
Year built
2022
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Encore · RE/MAX International
(501) 843-3067
Listed By:
Jody Huffmaster
(501) 940-4628
Added: Jun 9
Changed: Oct 5
Last Checked: Oct 26 at 1:06AM
MLS# 26023096
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property contains 8 units across duplex buildings on separate parcels. Each unit has 3 bedrooms and 2 bathrooms, along with granite finishes, concrete flooring, and substantial storage. Built in 2022, the property includes 10,020 square feet of building area on 1 acre. The buildings have shingle roofs, and tenants pay their own utilities.
The duplex parcels may be sold individually or together. The property is 100% occupied.
The duplex parcels may be sold individually or together. The property is 100% occupied.
Key Highlights
- 8 units, each with 3 bedrooms and 2 bathrooms
- 10,020 square feet of building area on 1 acre
- Duplexes occupy separate parcels and may be sold individually
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,985
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,700
$1.6M
Cap Rate 7%
$1,156,929
$1.2M
Cap Rate 9%
$899,833
$899.8K
Market Conditions
NOI Build-Up for 10,020 SF
Gross rent
$156.3K $15.60/SF
− Vacancy
−$9.1K −$0.90/SF
EGI
$147.2K $14.70/SF
− OpEx
−$66.3K −$6.61/SF
NOI
$81.0K $8.08/SF
Area
Lonoke County, AR
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,700
Cap Rate 7%
$1,156,929
Cap Rate 9%
$899,833
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,985 @ 7.0% cap · market cap 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,810 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
374
Businesses Nearby
Explore this area
Business Placement
Demographics for 72086, AR
10,673
Population
4,983
Households
2.1
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
164.1 sq mi
ZIP Area
65
Density / Sq Mi
$59,450
Median Household Income
$41,176
Median Earnings
$945
Median Rent
$151,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Each residence offers three bedrooms, two bathrooms, granite finishes, concrete flooring, and ample storage.
Where is this multifamily property located?
The property is located at 916-934 Dismukes Avenue Lonoke, AR.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8 units, each with 3 bedrooms and 2 bathrooms; 10,020 square feet of building area on 1 acre; Duplexes occupy separate parcels and may be sold individually
