Restaurant Building with C2
New
For Sale
$1,299,000
5524 John F Kennedy Blvd North Little, North Little Rock, AR 72116
Existing commercial building with C2 zoning and a layout suited to restaurant or retail use.
Property Size4,567 SF
Lot Size2.40 Acres
Price / SF$284.43
Days on Market5
Property Features for 5524 John F Kennedy Blvd North Little
General Information
Standard status
Active
Size
4,567 SF
Total Parking Spaces
58
Lot size
2.40 Acres
Property subtype
Restaurant
Zoning
C2
Site & Location
Traffic Count
25,000 vehicles/day
Road Access
Yes
Building Details
Building Size
4,567 SF
Year Built
1938
Buildings
1
Listing Agency:
Keller Williams Realty
(501) 993-1973
Listed By:
Cassie Wells · License #EB00047984
(501) 993-1973
Source:
Thebrokerlist
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 29 at 4:13PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
The property includes a 4,567-square-foot commercial building constructed in 1938 on a 2.4-acre site. Its interior configuration supports restaurant and retail operations, while C2 zoning provides the stated land-use designation. On-site parking accommodates 58 vehicles, and the parcel offers 420 linear feet along John F Kennedy Boulevard.
The site records traffic of 25,000 cars per day and sits 4/10 of a mile from McCain Boulevard. McCain Mall is identified among the nearby retail destinations, with surrounding residential and commercial development contributing to the area's established business setting. The property combines an existing building, substantial land area, parking, and prominent roadway exposure within the North Little Rock area.
The site records traffic of 25,000 cars per day and sits 4/10 of a mile from McCain Boulevard. McCain Mall is identified among the nearby retail destinations, with surrounding residential and commercial development contributing to the area's established business setting. The property combines an existing building, substantial land area, parking, and prominent roadway exposure within the North Little Rock area.
Key Highlights
- 4,567 SF commercial building constructed in 1938
- 2.4‑acre site with 420 lineal feet on John F Kennedy
- C2 zoning supports the stated commercial land‑use designation
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
$60,981
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
4.69%
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%
$1,219,620
$1.2M
Cap Rate 7%
$871,157
$871.2K
Cap Rate 9%
$677,567
$677.6K
Market Conditions
NOI Build-Up for 4,567 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
$86.6K $18.96/SF
− Vacancy
−$5.3K −$1.16/SF
EGI
$81.3K $17.80/SF
− OpEx
−$20.3K −$4.45/SF
NOI
$61.0K $13.35/SF
Area
Pulaski County, AR
Vacancy
6.10%
Lease Rate
$18.96 /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%
$1,219,620
Cap Rate 7%
$871,157
Cap Rate 9%
$677,567
Alternative Uses
Best Use
Specialty Retail
$871.2K
$762.3K – $1.02M
NOI $60,981 @ 7.0% cap · market cap 4.69%
Second Best
Retail
$602.1K
$526.8K – $702.5K
NOI $42,147 @ 7.0% cap · market cap 3.24%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
100k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 27%
Electronics 3%
Home Improvements & Furnishings 1%
Kum & Go
Shops & Services
22,078 visits/mo
0.2 miles
7 Brew Coffee
Dining
19,964 visits/mo
0.4 miles
Starbucks
Dining
11,862 visits/mo
0.4 miles
Hardee's
Dining
10,362 visits/mo
0.4 miles
Larry's Pizza
Dining
6,302 visits/mo
0.4 miles
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
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?
Restaurant - Existing commercial building with C2 zoning and a layout suited to restaurant or retail use.
Where is this restaurant located?
The property is located at 5524 John F Kennedy Blvd North Little North Little Rock, AR.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 4,567 SF commercial building constructed in 1938; 2.4‑acre site with 420 lineal feet on John F Kennedy; C2 zoning supports the stated commercial land‑use designation
