Renovated Historic
For Sale
$1,950,000
105 W Front Street, Lonoke, AR 72086
Commercial / Industrial, Traditional, Lonoke, AR
Property Size5,000 SF
Lot Size0.06 Acres
Price / SF$390
Days on Market432
Property Features for 105 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, Neighborhood Commercial, General Commercial
Parking
50
Parking features
On Street
Security features
Security System
Interior features
Elevator, Display Window, Equipment (see remarks), Inventory (see remarks), Smoke Detector, Handicapped Design, Furnished, Kitchen Area, Security System, Stairs
Exterior features
Dumpster, Door Sign, Landscaping, Wheelchair Accessible, Video Surveillance
Accessibility
Accessible Elevator Installed, Accessible Approach with Ramp
Lot features
Level
Directions
I40E to Lonoke Exit 175. Turn right on Hwy. 31S (Center St.). Continue straight to the downtown stoplight. Property is to your right. Look for the sign on the building.
Subdivision
LONOKE SCHOOL DISTRICT
Standard status
Active
Size
5,000 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
S-T-R 19-2N-8W Lot/Blk /5
Tax Annual Amount
3333
Legal Description
S-T-R 19-2N-8W Lot/Blk /5
Building Details
Year built
1905
Floors in Building
2
Flooring type
Vinyl, Wood
Architectural style
Other
Additional Structures
See Remarks
Listing Agency:
Berkshire Hathaway HomeServices Arkansas Realty
(501) 255-2000
Listed By:
Suzette Elmore · License #SA00059275
(501) 680-6412
Added: Jul 24, 2025
Changed: Sep 16
Last Checked: Sep 28 at 6:06AM
MLS# 25030306
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.
Renovated within a historically registered building originally constructed in 1905, this 5,000-square-foot restaurant includes dining areas, kitchen space, private dining, and bars on both levels. The sale includes furnishings, restaurant equipment, inventory, and a full liquor license. Two outdoor patios extend the seating and entertainment areas, while televisions are installed throughout the property.
The building is located at 105 W Front Street in Lonoke, Arkansas, on a 0.06-acre parcel with on-street parking. Accessibility features include an elevator, wheelchair lift, and ramped approach. Additional improvements include display windows, wood and vinyl flooring, security equipment, video surveillance, and landscaping. The restaurant has received Arkansas Times Readers Choice Awards and has appeared in Arkansas publications.
The building is located at 105 W Front Street in Lonoke, Arkansas, on a 0.06-acre parcel with on-street parking. Accessibility features include an elevator, wheelchair lift, and ramped approach. Additional improvements include display windows, wood and vinyl flooring, security equipment, video surveillance, and landscaping. The restaurant has received Arkansas Times Readers Choice Awards and has appeared in Arkansas publications.
Key Highlights
- 5,000‑square‑foot restaurant in a historically registered building constructed in 1905
- Full liquor license, furnishings, inventory, and restaurant equipment included
- Bars located upstairs and downstairs, with televisions throughout the property
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
$60,066
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
3.08%
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%
$1,201,320
$1.2M
Cap Rate 7%
$858,086
$858.1K
Cap Rate 9%
$667,400
$667.4K
Market Conditions
NOI Build-Up for 5,000 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
$85.2K $17.04/SF
− Vacancy
−$5.1K −$1.02/SF
EGI
$80.1K $16.02/SF
− OpEx
−$20.0K −$4.00/SF
NOI
$60.1K $12.01/SF
Area
Lonoke County, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,201,320
Cap Rate 7%
$858,086
Cap Rate 9%
$667,400
Alternative Uses
Best Use
Specialty Retail
$858.1K
$750.8K – $1.00M
NOI $60,066 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.8K – $1.19M
NOI $71,262 @ 7.0% cap · market cap 3.65%
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
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Dining 8%
Exxon
Shops & Services
4,841 visits/mo
0.3 miles
Bank OZK
Shops & Services
2,416 visits/mo
0.2 miles
Pizza Pro
Dining
658 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Panda House — 123 Front St SW, Lonoke, AR 72086
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with full bar service, outdoor patios, commercial equipment, and accessibility improvements.
Where is this conventional restaurant located?
The property is located at 105 W Front Street Lonoke, AR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5,000‑square‑foot restaurant in a historically registered building constructed in 1905; Full liquor license, furnishings, inventory, and restaurant equipment included; Bars located upstairs and downstairs, with televisions throughout the property
