Drive-Through Convenience
For Sale
$1,000,000
4700 S University Ave, Little Rock, AR 72204
Renovated operating retail property with flexible C-4 commercial zoning and room for multiple complementary uses.
Property Size4,331 SF
Price / SF$230.89
Days on Market202
Property Features for 4700 S University Ave
General Information
Standard status
Active
Size
4,331 SF
Taxes and HOA fees
Annual Taxes
$4,753
Listing Agency:
CENTURY 21 H.S.V. Realty
(501) 922-8493
Listed By:
Monita Collins
(501) 922-8493
Source:
Exprealty
Added: Feb 9
Changed: Aug 29
Last Checked: Aug 29 at 7:09PM
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 CENTURY 21 H.S.V. Realty
Investment Insights
Based on property information with market context.
The property is an operating liquor store within a 4,331-square-foot building on approximately 2.25 acres. The renovated interior includes a private office, coffee room, substantial storage, a drive-through window, and a walk-in cooler positioned behind the display coolers to support loading and inventory handling.
Located at 4700 S University Ave in Little Rock, the site sits just off an I-30 exit and benefits from access to S. University Ave. The fully paved parcel provides 50+ parking spaces and accommodates multiple food vendors. C-4 Commercial zoning supports the existing retail operation and allows additional uses such as office, restaurant, and entertainment space.
Located at 4700 S University Ave in Little Rock, the site sits just off an I-30 exit and benefits from access to S. University Ave. The fully paved parcel provides 50+ parking spaces and accommodates multiple food vendors. C-4 Commercial zoning supports the existing retail operation and allows additional uses such as office, restaurant, and entertainment space.
Key Highlights
- 4,331‑square‑foot building on approximately 2.25 acres
- C‑4 Commercial zoning allows office, restaurant, and entertainment uses
- Fully paved site with 50+ parking spaces
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
$52,029
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
5.20%
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%
$1,040,580
$1.0M
Cap Rate 7%
$743,271
$743.3K
Cap Rate 9%
$578,100
$578.1K
Market Conditions
NOI Build-Up for 4,331 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
$73.8K $17.04/SF
− Vacancy
−$4.4K −$1.02/SF
EGI
$69.4K $16.02/SF
− OpEx
−$17.3K −$4.00/SF
NOI
$52.0K $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 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%
$1,040,580
Cap Rate 7%
$743,271
Cap Rate 9%
$578,100
Alternative Uses
Best Use
Specialty Retail
$743.3K
$650.4K – $867.2K
NOI $52,029 @ 7.0% cap · market cap 5.20%
Second Best
Retail
$693.7K
$607.0K – $809.4K
NOI $48,561 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$786.8K
$688.4K – $917.9K
NOI $55,074 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Well-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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mr. Chen’s Oriental Supermarket — 3901 S University Ave, Little Rock, AR 72204
- Value Foods — 6800 Colonel Glenn Rd, Little Rock, AR 72204
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Renovated operating retail property with flexible C-4 commercial zoning and room for multiple complementary uses.
Where is this grocery and convenience store located?
The property is located at 4700 S University Ave Little Rock, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,331‑square‑foot building on approximately 2.25 acres; C‑4 Commercial zoning allows office, restaurant, and entertainment uses; Fully paved site with 50+ parking spaces
