Historic Restaurant Building with Open
For Sale
$593,400
2753 Highway 12, Gentry, AR 72734
COMMERCIAL - Gentry, AR
Property Size1,622 SF
Lot Size4.00 Acres
Price / SF$365.84
Days on Market98
Property Features for 2753 Highway 12
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Exterior features
Storage
Appliances
ElectricWaterHeater
Lot features
Central Business District, Outside City Limits
Directions
From intersection of Hwy 112 & Pleasant Grove, turn right onto Hwy 264 W (towards XNA), in 7 miles turn right onto NW Highfill st, turn left onto 1st St/NW Highfill St, slight left onto W Hwy 12/E 1st St, turn left into parking lot. 20 mintues from Rogers
Standard status
Active
APN
22-00010-000
Size
1,622 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
E/2 SW SW see attachment for full legal
Tax Annual Amount
2289
Legal Description
E/2 SW SW see attachment for full legal
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Electric, Ductless
Water source
Well, Public
Amenities
vaulted ceilings with exposed beams
chandeliers
open-concept layout
Building Details
Year built
1870
Flooring type
Laminate, Wood, Simulatedwood, Concrete, Tile
Building materials
VinylSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Market Pro Realty - Siloam Springs · Keller Williams Realty
(479) 718-2800
Listed By:
Cammi Hevener · License #EB00075080
(479) 427-0240
Added: May 6
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 1345501
Copyright © 2026 ArkansasONE MLS. 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.
This historic restaurant building sits on a 4-acre property and has been fully remodeled for business use. The interior features soaring vaulted ceilings with exposed beams, elegant chandeliers, and an open-concept layout designed to support a range of restaurant and event-ready concepts. Flooring includes wood, concrete, tile, laminate, and simulated wood, with heating and cooling served by electric and ductless systems. A metal roof, vinyl siding, on-site storage, and a parking lot help round out the exterior improvements.
The property is located at 2753 Highway 12 in Gentry, Arkansas, with C-2 zoning and prime highway frontage. Water is provided via public and well sources, and sewer service is through a septic tank. The septic system and grease trap are approximately 3 years old, and natural gas is available on-site but has not yet been connected to the building.
This setting has previously supported a baking and tea party business, with much of the equipment remaining. Local history is part of the property’s narrative, and buyers are encouraged to verify zoning, utilities, and any future development considerations with the Highfill City Planning Department.
The property is located at 2753 Highway 12 in Gentry, Arkansas, with C-2 zoning and prime highway frontage. Water is provided via public and well sources, and sewer service is through a septic tank. The septic system and grease trap are approximately 3 years old, and natural gas is available on-site but has not yet been connected to the building.
This setting has previously supported a baking and tea party business, with much of the equipment remaining. Local history is part of the property’s narrative, and buyers are encouraged to verify zoning, utilities, and any future development considerations with the Highfill City Planning Department.
Key Highlights
- 4 acres with prime Highway 12 frontage
- Zoned C‑2
- Fully remodeled interior with vaulted ceilings, exposed beams, and chandeliers
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
$21,815
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
3.68%
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%
$436,300
$436.3K
Cap Rate 7%
$311,643
$311.6K
Cap Rate 9%
$242,389
$242.4K
Market Conditions
NOI Build-Up for 1,622 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
$31.1K $19.20/SF
− Vacancy
−$2.1K −$1.27/SF
EGI
$29.1K $17.93/SF
− OpEx
−$7.3K −$4.48/SF
NOI
$21.8K $13.45/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$19.20 /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%
$436,300
Cap Rate 7%
$311,643
Cap Rate 9%
$242,389
Alternative Uses
Best Use
Specialty Retail
$311.6K
$272.7K – $363.6K
NOI $21,815 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.7K
$390.0K – $520.0K
NOI $31,202 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72734, AR
7,905
Population
3,395
Households
2.3
Avg Household Size
37
Median Age
15%
College-Educated
90%
High-School Grad
81.6 sq mi
ZIP Area
97
Density / Sq Mi
$68,716
Median Household Income
$38,930
Median Earnings
$1,079
Median Rent
$198,000
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 - Zoned C-2 with prime Highway 12 frontage and a fully remodeled open-concept interior.
Where is this conventional restaurant located?
The property is located at 2753 Highway 12 Gentry, AR.
What is the asking price?
The asking price for this property is $593,400.
What are key features of this property?
This property features: 4 acres with prime Highway 12 frontage; Zoned C‑2; Fully remodeled interior with vaulted ceilings, exposed beams, and chandeliers
