Two-Story Mixed-Use
For Sale
$2,450,000
912 Front Street, Conway, AR 72032
Combines a restaurant and bar, private event space, balcony seating, and four finished apartments.
Property Size10,000 SF
Price / SF$245
Days on Market42
Property Features for 912 Front Street
General Information
Standard status
Active
Size
10,000 SF
Class
Class A
Property subtype
Commercial / Industrial
Occupancy
100%
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Road Access
Yes
Multifamily Units
4
Amenities
prominent signage
private event space
Building Details
Buildings
1
Stories
2
Listing Agency:
Moses Tucker Partners
(501) 358-8280
Listed By:
Clint Bailey · License #SA00073895
(501) 358-8280
Source:
Heilesassociatesrealtors
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 30 at 5:39PM
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
This 10,000 SF, two-story mixed-use property was built in 2017 and combines hospitality and residential components. The restaurant and bar include furniture, fixtures, and equipment, along with a second-floor full-service bar, private event space, and an approximately 1,000 SF balcony patio. Four apartments with modern finishes are also part of the property.
The building is fully leased and located at 912 Front St in Conway’s downtown Entertainment District. Its setting includes surrounding retail, nightlife, and year-round events, with Front Street access and an established pedestrian presence. Current occupancy includes Seven Oaks Steak and Seafood.
The building is fully leased and located at 912 Front St in Conway’s downtown Entertainment District. Its setting includes surrounding retail, nightlife, and year-round events, with Front Street access and an established pedestrian presence. Current occupancy includes Seven Oaks Steak and Seafood.
Key Highlights
- 10,000 SF mixed‑use property built in 2017
- Fully leased building with restaurant, bar, event space, and residential components
- Restaurant and bar include FF&E, a second‑floor full‑service bar, and private event space
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
$112,398
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
4.59%
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%
$2,247,960
$2.2M
Cap Rate 7%
$1,605,686
$1.6M
Cap Rate 9%
$1,248,867
$1.2M
Market Conditions
NOI Build-Up for 10,000 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
$159.6K $15.96/SF
− Vacancy
−$9.7K −$0.97/SF
EGI
$149.9K $14.99/SF
− OpEx
−$37.5K −$3.75/SF
NOI
$112.4K $11.24/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$15.96 /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%
$2,247,960
Cap Rate 7%
$1,605,686
Cap Rate 9%
$1,248,867
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.40M – $1.87M
NOI $112,398 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.07M
$938.4K – $1.25M
NOI $75,075 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,662 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 72032, AR
34,316
Population
14,255
Households
2.4
Avg Household Size
35
Median Age
27%
College-Educated
94%
High-School Grad
114.5 sq mi
ZIP Area
300
Density / Sq Mi
$61,452
Median Household Income
$36,877
Median Earnings
$976
Median Rent
$183,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a restaurant and bar, private event space, balcony seating, and four finished apartments.
Where is this mixed-use property located?
The property is located at 912 Front Street Conway, AR.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 10,000 SF mixed‑use property built in 2017; Fully leased building with restaurant, bar, event space, and residential components; Restaurant and bar include FF&E, a second‑floor full‑service bar, and private event space
