Storefront with Full
New
For Sale
$345,000
3301 Fair Park, Little Rock, AR 72204
A kitchen equipped with appliances supports food-service or other commercial operations.
Property Size2,400 SF
Price / SF$143.75
Days on Market3
Property Features for 3301 Fair Park
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Land
Site & Location
Neighborhood
University District
Building Details
Year Built
1972
Listing Agency:
Halsey Real Estate - Benton
Listed By:
Amber Wood
(501) 444-2055
Source:
Midsouthar
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 26 at 4:00PM
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 Halsey Real Estate - Benton
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Investment Insights
Based on property information with market context.
This 2,400-square-foot storefront was built in 1972 and includes a full kitchen with appliances. The interior configuration supports a range of commercial uses, including food service or personal services.
The property is at 3301 Fair Park in Little Rock, directly across from UALR and near Midtown.
The property is at 3301 Fair Park in Little Rock, directly across from UALR and near Midtown.
Key Highlights
- 2,400‑square‑foot storefront
- Full kitchen with appliances
- Built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,910
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,200
$538.2K
Cap Rate 7%
$384,429
$384.4K
Cap Rate 9%
$299,000
$299.0K
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
−$11.5K −$4.81/SF
NOI
$26.9K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,200
Cap Rate 7%
$384,429
Cap Rate 9%
$299,000
Alternative Uses
Best Use
Retail
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.0K
$381.5K – $508.7K
NOI $30,519 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Under-served
Demand for This Use
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- SameDay-FlowerDelivery — 6219 colonel glenn rd, little rock, ar 72204
Frequently Asked Questions
What type of property is this?
Storefront property - A kitchen equipped with appliances supports food-service or other commercial operations.
Where is this storefront property located?
The property is located at 3301 Fair Park Little Rock, AR.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,400‑square‑foot storefront; Full kitchen with appliances; Built in 1972
