Restaurant Site on Rogers
For Sale
Contact for pricing
5612 Rogers Ave, Fort Smith, AR 72903
Restaurant site with existing building and furnishings for sale.
Property Size2,580 SF
Lot Size0.62 Acres
Price / SF$368.22
Days on Market3228
Property Features for 5612 Rogers Ave
General Information
Standard status
Active
Size
2,580 SF
Class
C
Total Parking Spaces
36
Lot size
0.62 Acres
Property subtype
Retail
Zoning
C-2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1975
Year Renovated
1996
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Ghan & Cooper Commercial Properties
Listed By:
Bob Cooper, Jr. · License #AR EB00066430
Source:
Crexi
Added: Oct 19, 2017
Changed: Aug 8
Last Checked: Aug 20 at 11:39AM
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.
Located on Rogers Avenue in Fort Smith, Arkansas, this restaurant site offers approximately 27,000 square feet of ground. An existing restaurant building on the property measures approximately 2,580 square feet. The fully furnished restaurant has access to both Rogers Avenue and South 57th Street. The property is centrally located on Rogers Avenue, west of Interstate-540. Surrounding properties include Central Mall, Arvest Bank, McDonald's, Hobby Lobby, Denny's, Liberty Bank, Taco Bueno, The Woodsman, Papa John's, Regions Bank, Bank of the Ozarks, Staples, Office Depot, Ford, and Burger King. The property is located at the intersection of 57th Street and Rogers Avenue.
Key Highlights
- Fully furnished restaurant building (approx. 2,580 SF) ready for your concept.
- High‑traffic location on Rogers Avenue.
- Excellent accessibility from Rogers Avenue and South 57th Street.
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
$27,109
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
2.85%
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%
$542,180
$542.2K
Cap Rate 7%
$387,271
$387.3K
Cap Rate 9%
$301,211
$301.2K
Market Conditions
NOI Build-Up for 2,580 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
$38.7K $15.00/SF
− Vacancy
−$2.6K −$0.99/SF
EGI
$36.1K $14.01/SF
− OpEx
−$9.0K −$3.50/SF
NOI
$27.1K $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%
$542,180
Cap Rate 7%
$387,271
Cap Rate 9%
$301,211
Alternative Uses
Best Use
Specialty Retail
$387.3K
$338.9K – $451.8K
NOI $27,109 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$548.9K
$480.3K – $640.4K
NOI $38,424 @ 7.0% cap · market cap 4.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
383k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 25%
Apparel 22%
Groceries 10%
Hobby Lobby
Shops & Services
64,327 visits/mo
0.3 miles
Dillard's
Apparel
39,429 visits/mo
0.4 miles
Burlington
Apparel
39,006 visits/mo
0.1 miles
Walmart Neighborhood Market
Groceries
38,159 visits/mo
0.5 miles
7 Brew Coffee
Dining
28,912 visits/mo
0.1 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 - Restaurant site with existing building and furnishings for sale.
Where is this conventional restaurant located?
The property is located at 5612 Rogers Ave Fort Smith, AR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully furnished restaurant building (approx. 2,580 SF) ready for your concept.; High‑traffic location on Rogers Avenue.; Excellent accessibility from Rogers Avenue and South 57th Street.
