Historic Restaurant with Two
For Sale
$1,950,000
105 W Front Street, Lonoke, AR 72086
Renovated two-level venue includes full bars, private dining, and a wheelchair lift.
Property Size5,000 SF
Days on Market380
Property Features for 105 W Front Street
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
50
Property subtype
Commercial
Zoning
Central Business, Neighborhood Commercia
Restaurant
Patio
Yes
Equipment Included
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
large televisions with sports channels
private dining room
wheel chair lift
Building Details
Building Size
5,000 SF
Year Built
1905
Stories
2
Listing Agency:
Berkshire Hathaway Homeservices Arkansas Realty
(501) 680-6412
Listed By:
Suzette Elmore · License #SA00059275
(501) 680-6412
Source:
Jcthornton
Added: Jul 24, 2025
Changed: Aug 3
Last Checked: Aug 6 at 12:30PM
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 Berkshire Hathaway Homeservices Arkansas Realty
Investment Insights
Based on property information with market context.
This conventional restaurant occupies a renovated, historically registered building constructed in 1905. The two-level operation includes a full bar on each floor, a private dining room, two outdoor patios with televisions, and a wheelchair lift. Interior televisions support sports programming, while the property includes a full liquor license, dedicated staff, and restaurant equipment.
Located at 105 W Front Street in Lonoke, the property carries Central Business and Neighborhood Commercia zoning designations. The operation also features an extensive menu and specialty cocktails, providing an established restaurant format with dining, bar, and patio components.
Located at 105 W Front Street in Lonoke, the property carries Central Business and Neighborhood Commercia zoning designations. The operation also features an extensive menu and specialty cocktails, providing an established restaurant format with dining, bar, and patio components.
Key Highlights
- Renovated historically registered building constructed in 1905
- Full bar located upstairs and downstairs
- Two outdoor patios with televisions
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
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
328
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
0.1 miles
Bank OZK
Shops & Services
2,416 visits/mo
0.4 miles
Pizza Pro
Dining
658 visits/mo
0.2 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
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Renovated two-level venue includes full bars, private dining, and a wheelchair lift.
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: Renovated historically registered building constructed in 1905; Full bar located upstairs and downstairs; Two outdoor patios with televisions
