Restaurant Building with
For Sale
$400,000
622 Gertrude, Benton, AR 72015
Restaurant furnishings and equipment may transfer with an accepted offer.
Property Size2,776 SF
Price / SF$144.09
Days on Market626
Property Features for 622 Gertrude
General Information
Standard status
Active
Size
2,776 SF
Taxes and HOA fees
Annual Taxes
$1,030
Listing Agency:
Vylla Home
(866) 807-5204
Listed By:
Tony Furman
(501) 909-1537
Source:
Exprealty
Added: Feb 11, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:05AM
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 Vylla Home
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This conventional restaurant property previously operated as a restaurant for 20 years and had earlier use as an art studio. Restaurant equipment and furniture may convey with an accepted offer. The property is positioned one block from Military Rd in Benton, Arkansas, providing a location near an established roadway for continued restaurant use or another business application.
Key Highlights
- 20 years of prior restaurant operation
- Former art studio use
- One block from Military Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,152
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
$563.0K
Cap Rate 7%
$402,171
$402.2K
Cap Rate 9%
$312,800
$312.8K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$40.0K $14.40/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$37.5K $13.52/SF
− OpEx
−$9.4K −$3.38/SF
NOI
$28.2K $10.14/SF
Area
Saline County, AR
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,040
Cap Rate 7%
$402,171
Cap Rate 9%
$312,800
Alternative Uses
Best Use
Specialty Retail
$402.2K
$351.9K – $469.2K
NOI $28,152 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.8K
$530.1K – $706.8K
NOI $42,406 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,353
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72015, AR
28,597
Population
12,148
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
92%
High-School Grad
85.0 sq mi
ZIP Area
336
Density / Sq Mi
$64,550
Median Household Income
$44,219
Median Earnings
$1,013
Median Rent
$169,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Great Khan Mongolian stir-fry and Sushi — 1212 Military Rd, Benton, AR 72015
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant furnishings and equipment may transfer with an accepted offer.
Where is this conventional restaurant located?
The property is located at 622 Gertrude Benton, AR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 20 years of prior restaurant operation; Former art studio use; One block from Military Rd
