Equipped Restaurant
For Sale
$375,000
3891 Highway 365, Redfield, AR 72132
Food-service property with commercial kitchen infrastructure, separate dining space, and an adjoining bait shop.
Property Size5,000 SF
Days on Market115
Property Features for 3891 Highway 365
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
50
Property subtype
Commercial
Additional Details
Furnished
Yes
Equipment Included
Yes
Building Details
Building Size
5,000 SF
Year Built
2020
Stories
1
Listing Agency:
Lunsford & Associates Realty Co.
(870) 267-3779
Listed By:
Theresa George
(870) 267-3779
Source:
Jcthornton
Added: Apr 15
Changed: Aug 5
Last Checked: Aug 6 at 1:03PM
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 Lunsford & Associates Realty Co.
Investment Insights
Based on property information with market context.
Built in 2020, this restaurant property at 3891 Highway 365 includes over 5,000 square feet configured for food-service operations and related commercial uses. The improvements include a commercial kitchen, separate dining area, 19-foot walk-in cooler, fountain drink machines, tables, chairs, dishes, and additional equipment conveying with the property. A dedicated crawfish cook shack includes a 90-quart cooker, while the bait shop adds a distinct component to the existing layout.
The building also features four TVs, a security camera system, and HVAC service from three 5-ton units plus one 2.5-ton unit. The separate dining area can accommodate private events, parties, or additional seating. Its prior operation as a catfish restaurant and existing food-service infrastructure support continued restaurant use, while the multiple dedicated areas provide flexibility for other business concepts.
The building also features four TVs, a security camera system, and HVAC service from three 5-ton units plus one 2.5-ton unit. The separate dining area can accommodate private events, parties, or additional seating. Its prior operation as a catfish restaurant and existing food-service infrastructure support continued restaurant use, while the multiple dedicated areas provide flexibility for other business concepts.
Key Highlights
- Over 5,000 square feet of restaurant and commercial space
- Built in 2020 at 3891 Highway 365, Redfield, AR 72132
- 19‑foot walk‑in cooler and commercial kitchen equipment
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
$23,386
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
6.24%
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%
$467,720
$467.7K
Cap Rate 7%
$334,086
$334.1K
Cap Rate 9%
$259,844
$259.8K
Market Conditions
NOI Build-Up for 5,000 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
$36.0K $7.20/SF
− Vacancy
−$2.6K −$0.52/SF
EGI
$33.4K $6.68/SF
− OpEx
−$10.0K −$2.00/SF
NOI
$23.4K $4.68/SF
Area
Jefferson County, AR
Vacancy
7.20%
Lease Rate
$7.20 /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%
$467,720
Cap Rate 7%
$334,086
Cap Rate 9%
$259,844
Alternative Uses
Best Use
Specialty Retail
$900.6K
$788.1K – $1.05M
NOI $63,045 @ 7.0% cap · market cap 16.81%
Second Best
Retail
$700.5K
$612.9K – $817.3K
NOI $49,035 @ 7.0% cap · market cap 13.08%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,734 @ 7.0% cap · market cap 23.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72132, AR
3,577
Population
1,411
Households
2.5
Avg Household Size
41
Median Age
15%
College-Educated
89%
High-School Grad
69.2 sq mi
ZIP Area
52
Density / Sq Mi
$67,095
Median Household Income
$34,932
Median Earnings
$952
Median Rent
$116,400
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 - Food-service property with commercial kitchen infrastructure, separate dining space, and an adjoining bait shop.
Where is this conventional restaurant located?
The property is located at 3891 Highway 365 Redfield, 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: Over 5,000 square feet of restaurant and commercial space; Built in 2020 at 3891 Highway 365, Redfield, AR 72132; 19‑foot walk‑in cooler and commercial kitchen equipment
