8-Unit Multifamily
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 Market94
Property Features for 916-934 Dismukes Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
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 · License #EB00075977
(501) 940-4628
Added: Jun 9
Changed: Sep 8
Last Checked: Sep 10 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This 8-unit multifamily property contains 10,020 square feet across 1 acre. Constructed in 2022, the property offers a consistent unit configuration, with every residence providing 3 bedrooms and 2 bathrooms. Interior features include granite surfaces, concrete flooring, and abundant storage.
The units are currently 100% occupied, and tenants pay all utilities. Each duplex is situated on its own parcel, allowing the properties to be sold individually or as a combined multifamily offering. The property is located at 916-934 Dismukes Avenue in Lonoke, Arkansas.
The units are currently 100% occupied, and tenants pay all utilities. Each duplex is situated on its own parcel, allowing the properties to be sold individually or as a combined multifamily offering. The property is located at 916-934 Dismukes Avenue in Lonoke, Arkansas.
Key Highlights
- 8 units, each with 3 bedrooms and 2 bathrooms
- 10,020 square feet on 1 acre
- Built in 2022
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
$91,460
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
7.32%
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%
$1,829,200
$1.8M
Cap Rate 7%
$1,306,571
$1.3M
Cap Rate 9%
$1,016,222
$1.0M
Market Conditions
NOI Build-Up for 10,020 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
$138.3K $13.80/SF
− Vacancy
−$7.6K −$0.76/SF
EGI
$130.7K $13.04/SF
− OpEx
−$39.2K −$3.91/SF
NOI
$91.5K $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%
$1,829,200
Cap Rate 7%
$1,306,571
Cap Rate 9%
$1,016,222
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,460 @ 7.0% cap · market cap 7.32%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $80,985 @ 7.0% cap · market cap 6.48%
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.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Individual residences include granite finishes, concrete flooring, and substantial 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 on 1 acre; Built in 2022
