Restaurant Building with Covered Porch
For Sale
$375,000
215 Westfork ST, Alma, AR 72921
Commercial, Alma, AR
Property Size4,432 SF
Lot Size0.52 Acres
Price / SF$84.61
Days on Market187
Property Features for 215 Westfork ST
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Directions
From intersection of US Hwy 71 and US Hwy 64 travel south 0.2 mile
Standard status
Active
APN
710-01311-003
Size
4,432 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Description
S-T-R 06-09-30; Lot/BLK: 5/5
Tax Annual Amount
4654
Legal Description
S-T-R 06-09-30; Lot/BLK: 5/5
Utilities
Heating system
Natural Gas, Electric (Heating)
Cooling system
Central Air, Electric
Amenities
double-vestibule-covered porch entries
office
elevated ceiling
ceiling fans
Building Details
Year built
2009
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Keller Williams Platinum Realty · Keller Williams Realty
(479) 434-3000
Listed By:
Cheryl Garner · License #Sa00083287
(479) 434-3000
Added: Feb 14
Changed: Aug 19
Last Checked: Aug 20 at 2:06AM
MLS# 1087056
Copyright © 2026 Western River Valley Board of REALTORS®. 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.
A successful restaurant location with an open layout that combines kitchen and main dining. The setup includes a walk-in cooler, vent-a hoods with 10', 8' and 4' specifications, and a main dining area with an elevated ceiling. There is also an office and double-vestibule-covered porch entries, supporting straightforward guest flow. Equipment and furnishings noted as conveying include tables and chairs.
The property sits on 0.52 acres with 4,432 square feet under roof, built in 2009. It is visible from I-40, and the area benefits from Walmart and Alma school traffic. Operational systems include 3-phase electric, 25-ton PACK units, ceiling fans, and ample lighting. Additional items called out include a current health dept permit, elastomeric roof coating, metal roof, double insulation, concrete flooring, and HVAC support including electric heating, natural gas heating, and central air.
The combination of dining capacity and dedicated kitchen systems makes the building well-suited for continued restaurant use, or as adaptable office or retail space.
The property sits on 0.52 acres with 4,432 square feet under roof, built in 2009. It is visible from I-40, and the area benefits from Walmart and Alma school traffic. Operational systems include 3-phase electric, 25-ton PACK units, ceiling fans, and ample lighting. Additional items called out include a current health dept permit, elastomeric roof coating, metal roof, double insulation, concrete flooring, and HVAC support including electric heating, natural gas heating, and central air.
The combination of dining capacity and dedicated kitchen systems makes the building well-suited for continued restaurant use, or as adaptable office or retail space.
Key Highlights
- Visible from I‑40 with Walmart and Alma school traffic
- 0.52 acres and 4,432 SF built in 2009
- Walk‑in cooler plus vent‑a hoods at 10', 8' and 4'
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
$25,911
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
6.91%
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%
$518,220
$518.2K
Cap Rate 7%
$370,157
$370.2K
Cap Rate 9%
$287,900
$287.9K
Market Conditions
NOI Build-Up for 4,432 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
$39.9K $9.00/SF
− Vacancy
−$2.9K −$0.65/SF
EGI
$37.0K $8.35/SF
− OpEx
−$11.1K −$2.51/SF
NOI
$25.9K $5.85/SF
Area
Crawford County, AR
Vacancy
7.20%
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%
$518,220
Cap Rate 7%
$370,157
Cap Rate 9%
$287,900
Alternative Uses
Best Use
Specialty Retail
$668.8K
$585.2K – $780.3K
NOI $46,819 @ 7.0% cap · market cap 12.49%
Second Best
Industrial
$370.2K
$323.9K – $431.9K
NOI $25,911 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$849.7K
$743.5K – $991.4K
NOI $59,481 @ 7.0% cap · market cap 15.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72921, AR
13,770
Population
5,287
Households
2.6
Avg Household Size
39
Median Age
22%
College-Educated
91%
High-School Grad
88.9 sq mi
ZIP Area
155
Density / Sq Mi
$68,302
Median Household Income
$44,259
Median Earnings
$963
Median Rent
$185,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building with kitchen, office, and customer dining area in Alma, Arkansas off I-40 visibility.
Where is this conventional restaurant located?
The property is located at 215 Westfork ST Alma, AR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Visible from I‑40 with Walmart and Alma school traffic; 0.52 acres and 4,432 SF built in 2009; Walk‑in cooler plus vent‑a hoods at 10', 8' and 4'
