Restaurant Space with Full
For Sale
$375,000
3301 Fair Park Blvd, Little Rock, AR 72204
A complete kitchen is in place for food-service operations.
Property Size2,400 SF
Price / SF$156.25
Days on Market9
Property Features for 3301 Fair Park Blvd
General Information
Standard status
Active
Size
2,400 SF
Site & Location
Neighborhood
University District
Taxes and HOA fees
Annual Taxes
$1,825
Amenities
full kitchen
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Broderic Armstead
(501) 425-2098
Source:
Exprealty
Added: Oct 27
Changed: Nov 3
Last Checked: Nov 3 at 2:25PM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot restaurant property includes a full kitchen, providing a defined food-preparation component within the space.
The property at 3301 Fair Park Blvd in Little Rock is directly across from UALR and close to Midtown.
The property at 3301 Fair Park Blvd in Little Rock is directly across from UALR and close to Midtown.
Key Highlights
- Full kitchen in place
- 2,400 square feet of restaurant space
- Across from UALR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,832
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,640
$576.6K
Cap Rate 7%
$411,886
$411.9K
Cap Rate 9%
$320,356
$320.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.9K $17.04/SF
− Vacancy
−$2.5K −$1.02/SF
EGI
$38.4K $16.02/SF
− OpEx
−$9.6K −$4.00/SF
NOI
$28.8K $12.01/SF
Area
Little Rock, 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 Rate 5%
$576,640
Cap Rate 7%
$411,886
Cap Rate 9%
$320,356
Alternative Uses
Best Use
Specialty Retail
$411.9K
$360.4K – $480.5K
NOI $28,832 @ 7.0% cap · market cap 7.69%
Second Best
Retail
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 7.18%
Theoretical Best
Office A
$436.0K
$381.5K – $508.7K
NOI $30,519 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- China Plus Buffet — 6211 Colonel Glenn Rd, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A complete kitchen is in place for food-service operations.
Where is this conventional restaurant located?
The property is located at 3301 Fair Park Blvd Little Rock, 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: Full kitchen in place; 2,400 square feet of restaurant space; Across from UALR
