Vacant Two-Unit
For Sale
$149,000
A-310 Gannt St, Marion, AR 72364
Both units are unoccupied, with thermal windows and renovation work remaining before occupancy.
Property Size1,440 SF
Price / SF$103.47
Days on Market31
Property Features for A-310 Gannt St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needs final cleaning, cosmetic touch-ups, and some finishing work
Additional Details
Multifamily Units
2
Listing Agency:
Integrated Assets
Listed By:
Glenn McDonald · License ##267657
(901) 289-1374
Source:
Exprealty
Added: Sep 4
Changed: Sep 29
Last Checked: Oct 4 at 4:25PM
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 Integrated Assets
Investment Insights
Based on property information with market context.
This vacant duplex contains two units and has thermal windows. Renovation work is partly complete, with cleaning, cosmetic corrections, and additional finishing still needed. The property is offered in its current condition.
Located in Marion, Arkansas, the property provides access to shopping, schools, employment, and Memphis-area amenities. Its vacant status allows work to proceed without coordinating around existing residents.
Located in Marion, Arkansas, the property provides access to shopping, schools, employment, and Memphis-area amenities. Its vacant status allows work to proceed without coordinating around existing residents.
Key Highlights
- Two‑unit duplex delivered vacant
- Thermal windows
- Partially renovated; cleaning, cosmetic repairs, and finishing work remain
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
$8,055
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
5.41%
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%
$161,100
$161.1K
Cap Rate 7%
$115,071
$115.1K
Cap Rate 9%
$89,500
$89.5K
Market Conditions
NOI Build-Up for 1,440 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
$13.0K $9.00/SF
− Vacancy
−$1.5K −$1.01/SF
EGI
$11.5K $7.99/SF
− OpEx
−$3.5K −$2.40/SF
NOI
$8.1K $5.59/SF
Area
Crittenden County, AR
Vacancy
11.21%
Lease Rate
$9.00 /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%
$161,100
Cap Rate 7%
$115,071
Cap Rate 9%
$89,500
Alternative Uses
Best Use
Multifamily LT 5
$115.1K
$100.7K – $134.3K
NOI $8,055 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$105.4K
$92.2K – $123.0K
NOI $7,377 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$263.3K
$230.4K – $307.2K
NOI $18,434 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 72364, AR
16,394
Population
6,415
Households
2.6
Avg Household Size
36
Median Age
23%
College-Educated
90%
High-School Grad
80.0 sq mi
ZIP Area
205
Density / Sq Mi
$76,118
Median Household Income
$46,529
Median Earnings
$1,025
Median Rent
$206,400
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?
Duplex - Both units are unoccupied, with thermal windows and renovation work remaining before occupancy.
Where is this duplex located?
The property is located at A-310 Gannt St Marion, AR.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Two‑unit duplex delivered vacant; Thermal windows; Partially renovated; cleaning, cosmetic repairs, and finishing work remain
