Drive-Through Restaurant
New
For Sale
$650,000
1611 N 7th St, Van Buren, AR 72956
Restaurant improvements include a two-window drive-through, customer parking, and separate men’s and women’s restrooms.
Property Size2,157 SF
Lot Size0.68 Acres
Price / SF$301.34
Days on Market2
Property Features for 1611 N 7th St
General Information
Standard status
Active
Size
2,157 SF
Total Parking Spaces
19
Lot size
0.68 Acres
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Single
Listing Agency:
Jim White Realty
Listed By:
Chaney Brewer · License #EB00071467
(479) 719-6874
Source:
Thebesthomeprice
Added: Sep 13
Changed: Sep 14
Last Checked: Sep 13 at 3:02PM
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 Jim White Realty
Investment Insights
Based on property information with market context.
This 2,157-square-foot restaurant building occupies approximately 0.68 acres at 1611 N 7th St in Van Buren, Arkansas. Constructed in 2000, the property includes a paved parking area with 19 spaces, a two-window drive-through, and separate men’s and women’s restrooms. The sale includes the real estate and improvements only; the operating business is excluded.
The property is positioned just off I-40, providing access to a major interstate corridor. Geno’s Pizza is the current tenant, with two years remaining on the lease. The current lease structure includes the owner’s payment of taxes and insurance.
The property is positioned just off I-40, providing access to a major interstate corridor. Geno’s Pizza is the current tenant, with two years remaining on the lease. The current lease structure includes the owner’s payment of taxes and insurance.
Key Highlights
- 2,157‑square‑foot restaurant building on 0.68 acres
- Located just off I‑40 in Van Buren, AR
- 19‑space parking lot
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
$22,786
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
3.51%
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%
$455,720
$455.7K
Cap Rate 7%
$325,514
$325.5K
Cap Rate 9%
$253,178
$253.2K
Market Conditions
NOI Build-Up for 2,157 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
$32.4K $15.00/SF
− Vacancy
−$2.0K −$0.92/SF
EGI
$30.4K $14.09/SF
− OpEx
−$7.6K −$3.52/SF
NOI
$22.8K $10.56/SF
Area
Crawford County, AR
Vacancy
6.10%
Lease Rate
$15.00 /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%
$455,720
Cap Rate 7%
$325,514
Cap Rate 9%
$253,178
Alternative Uses
Best Use
Specialty Retail
$325.5K
$284.8K – $379.8K
NOI $22,786 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.6K
$361.9K – $482.5K
NOI $28,949 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
Business Placement
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Restaurant improvements include a two-window drive-through, customer parking, and separate men’s and women’s restrooms.
Where is this drive through restaurant located?
The property is located at 1611 N 7th St Van Buren, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,157‑square‑foot restaurant building on 0.68 acres; Located just off I‑40 in Van Buren, AR; 19‑space parking lot
