Restaurant Property with Full
New
For Sale
$375,000
3301 Fair Park, Little Rock, AR 72204
Commercial / Industrial, Little Rock, AR
Property Size2,400 SF
Lot Size0.31 Acres
Price / SF$156.25
Days on Market4
Property Features for 3301 Fair Park
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
Take Fair Park exit, go right. Keep down Fair Park about 2 miles right across UALR school.
Subdivision
Little Rock
Standard status
Active
Size
2,400 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Description
Lot 11, Block 20
Tax Annual Amount
1825
Legal Description
Lot 11, Block 20
Amenities
full kitchen
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Broderic Armstead
(501) 425-2098
Added: Oct 27
Last Checked: Oct 30 at 11:06PM
MLS# 26043248
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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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 restaurant property contains 2,400 square feet and includes a full kitchen. The building dates to 1972 and occupies a 0.31-acre parcel.
The property is across from UALR in Little Rock. Its kitchen and existing building provide a defined setup for restaurant use.
The property is across from UALR in Little Rock. Its kitchen and existing building provide a defined setup for restaurant use.
Key Highlights
- 2,400‑square‑foot restaurant property with a full kitchen
- 0.31‑acre parcel
- Across from UALR in Little Rock
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 full kitchen is in place, and the property sits across from UALR.
Where is this conventional restaurant located?
The property is located at 3301 Fair Park 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: 2,400‑square‑foot restaurant property with a full kitchen; 0.31‑acre parcel; Across from UALR in Little Rock
