Listing Agency: Ghan & Cooper Commercial Properties

Listed By: Tyler Teague · License #AR SA00079797 Show Phone

Source: Crexi

Added: Jul 30 Changed: Oct 6 Last Checked: Oct 14 at 11:29PM

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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.

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 / Yr

$26,122

Cap Rate

3.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$522,440 $522.4K

Cap Rate 7%

$373,171 $373.2K

Cap Rate 9%

$290,244 $290.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,486 SF

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 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 (±1% cap)

NOI $26,122 @ 7.0% cap · market cap 3.27%

Second Best

Industrial

$133.6K

$116.9K – $155.9K (±1% cap)

NOI $9,355 @ 7.0% cap · market cap 1.17%

Theoretical Best

Healthcare Medical

$528.9K

$462.8K – $617.1K (±1% cap)

NOI $37,024 @ 7.0% cap · market cap 4.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Fort Smith Family ... Law Firm

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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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