Restaurant Building with
For Sale
$400,000
622 Gertrude Street, Benton, AR 72015
Restaurant equipment and furnishings may be included with an accepted offer.
Property Size2,776 SF
Price / SF$144.09
Days on Market627
Property Features for 622 Gertrude Street
General Information
Standard status
Active
Size
2,776 SF
Total Parking Spaces
25
Property subtype
Commercial
Building Details
Building Size
2,776 SF
Stories
1
Listing Agency:
Vylla Home
(866) 807-5204
Listed By:
Tony Furman
(501) 909-1537
Source:
Carolynrussellrealestate
Added: Feb 10, 2025
Changed: Oct 25
Last Checked: Oct 29 at 5:05PM
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 Vylla Home
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 2,776-square-foot restaurant property includes equipment and furniture that may convey with an accepted offer. The building previously operated as a restaurant for 20 years and was used as an art studio before that.
The property is at 622 Gertrude Street in Benton, one block from Military Road.
The property is at 622 Gertrude Street in Benton, one block from Military Road.
Key Highlights
- 2,776‑square‑foot restaurant property
- Restaurant equipment and furniture may convey with an accepted offer
- Previously operated as a restaurant for 20 years; earlier use was an art studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$40.0K $14.40/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$37.5K $13.52/SF
− OpEx
−$9.4K −$3.38/SF
NOI
$28.2K $10.14/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Specialty Retail
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,406 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant equipment and furnishings may be included with an accepted offer.
Where is this conventional restaurant located?
The property is located at 622 Gertrude Street Benton, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,776‑square‑foot restaurant property; Restaurant equipment and furniture may convey with an accepted offer; Previously operated as a restaurant for 20 years; earlier use was an art studio
