Restaurant Space with
For Sale
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4710 Rogers Ave, Fort Smith, AR 72903
C-2 restaurant property equipped with commercial food-service infrastructure and furnishings.
Property Size2,486 SF
Price / SF$321.76
Days on Market31
Property Features for 4710 Rogers Ave
General Information
Standard status
Active
Size
2,486 SF
Class
A
Property subtype
Retail
Zoning
C-2
Investment Type
Owner/User
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Drive-Thru
Yes
Listing Agency:
Ghan & Cooper Commercial Properties
(479) 478-6161
Listed By:
Tyler Teague · License #AR SA00079797
Source:
Crexi
Added: Jul 30
Changed: Aug 27
Last Checked: Aug 29 at 5:53AM
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 Ghan & Cooper Commercial Properties
Investment Insights
Based on property information with market context.
The 2,486-square-foot restaurant property is configured for food-service operations and includes furniture, a walk-in cooler and freezer, vent hood, and commercial dishwasher. The improvements provide an established physical setup for restaurant use without relying on a vacant-shell layout.
An additional 500 SF drive-through area is positioned at the rear of the property. The site is located at 4710 Rogers Avenue in Fort Smith, Arkansas, and carries C-2 zoning.
An additional 500 SF drive-through area is positioned at the rear of the property. The site is located at 4710 Rogers Avenue in Fort Smith, Arkansas, and carries C-2 zoning.
Key Highlights
- 2,486‑square‑foot restaurant property
- Additional 500 SF drive‑through area at the rear
- Includes furniture for restaurant operations
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
$26,122
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
3.27%
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%
$522,440
$522.4K
Cap Rate 7%
$373,171
$373.2K
Cap Rate 9%
$290,244
$290.2K
Market Conditions
NOI Build-Up for 2,486 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
$37.3K $15.00/SF
− Vacancy
−$2.5K −$0.99/SF
EGI
$34.8K $14.01/SF
− OpEx
−$8.7K −$3.50/SF
NOI
$26.1K $10.51/SF
Area
Sebastian County, AR
Vacancy
6.60%
Lease Rate
$15.00 /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%
$522,440
Cap Rate 7%
$373,171
Cap Rate 9%
$290,244
Alternative Uses
Best Use
Specialty Retail
$373.2K
$326.5K – $435.4K
NOI $26,122 @ 7.0% cap · market cap 3.27%
Second Best
Industrial
$133.6K
$116.9K – $155.9K
NOI $9,355 @ 7.0% cap · market cap 1.17%
Theoretical Best
Healthcare Medical
$528.9K
$462.8K – $617.1K
NOI $37,024 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,269
Businesses Nearby
285k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Shops & Services 24%
Groceries 13%
Dining 9%
JCPenney
Apparel
39,603 visits/mo
0.2 miles
Dillard's
Apparel
39,429 visits/mo
0.3 miles
Walmart Neighborhood Market
Groceries
38,159 visits/mo
0.2 miles
Marshalls
Apparel
37,945 visits/mo
0.2 miles
Braum's Ice Cream & Dairy Stores
Dining
24,577 visits/mo
0.2 miles
Demographics for 72903, AR
25,225
Population
12,079
Households
2.1
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
16.2 sq mi
ZIP Area
1,557
Density / Sq Mi
$60,186
Median Household Income
$36,560
Median Earnings
$804
Median Rent
$216,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - C-2 restaurant property equipped with commercial food-service infrastructure and furnishings.
Where is this conventional restaurant located?
The property is located at 4710 Rogers Ave Fort Smith, AR.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,486‑square‑foot restaurant property; Additional 500 SF drive‑through area at the rear; Includes furniture for restaurant operations
