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    Property profile & analytics

    3302 Washington St Forrest City, AR 72335

    • Drive through restaurants
    • 2,577 SF
    • 1.16 lot acres
    For Lease
    View listing
    Value Estimation
    $280,000
    Location Intelligence
    Property ID
    US05-0754697
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant

    Property Details for 3302 Washington St

    Year built
    1999
    Lot size
    1.16 lot acres
    Property size
    2,577 SF
    Property type
    Drive through restaurants
    APN
    0800-00097-0003
    APU
    800000970003

    Description

    This exceptional 2,582 square foot freestanding commercial property, located in St. Francis County, presents a unique opportunity for a variety of retail or restaurant businesses. Previously occupied by a Wendy's restaurant (Store #220), the building is currently vacant and ready for immediate occupancy. The single-tenant structure offers ample space for customization and adaptation to suit a new tenant's specific needs. Its prominent location as a freestanding outparcel ensures high visibility and accessibility, making it an ideal spot for attracting customers. The property's existing infrastructure provides a solid foundation for a quick and efficient build-out, minimizing upfront costs and maximizing return on investment. This turnkey solution eliminates the need for extensive renovations, allowing businesses to focus on operations and growth. The property's size and layout are well-suited for a variety of concepts, from quick-service restaurants to retail stores. With its strategic location and readily available space, this property represents a compelling investment opportunity in a thriving market. Serious inquiries are encouraged to explore the potential of this exceptional commercial space. The property is offered as-is.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $300,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $390,000
      Retail
      $295,000
      Mixed-Use
      $375,000
      Hospitality
      $285,000
      Educational
      $310,000
      Residential Income
      $335,000
      Energy
      $310,000
      Income-Based Land
      $365,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Forrest City
    County
    St. Francis
    State
    Arkansas
    Longitude
    -90.7903
    Latitude
    35.0428
    CBSA code
    22620
    CBSA name
    FORREST CITY, AR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,017
    $16,240
    $27,320
    $43,560
    -
    $81,200
    $136,600
    $217,800

    Comparable in this City

    • Value Estimation
      $400,000
      3,535 SF

      2306 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,535 SF
      2306 Washington St, Forrest City, AR 72335-1845
      View Details
    • Value Estimation
      $480,000
      2,512 SF

      2055 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,512 SF
      2055 Washington St, Forrest City, AR 72335-2043
      View Details
    • Value Estimation
      $1,775,000
      5,452 SF

      2007 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,452 SF
      2007 Washington St, Forrest City, AR 72335-2043
      View Details
    • Value Estimation
      $400,000
      3,705 SF

      2301 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,705 SF
      2301 Washington St, Forrest City, AR 72335-1800
      View Details
    • Value Estimation
      $340,000
      2,890 SF

      3101 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,890 SF
      3101 Washington St, Forrest City, AR 72335-9578
      View Details
    • Value Estimation
      $160,000
      1,200 SF

      603 Washington St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      603 Washington St, Forrest City, AR 72335-3332
      View Details

    Similar Nearby for Sale

    • $299,000
      900 SF

      Forrest City Drive-Thru Opportunity

      900 SF drive-thru on 1 acre site for sale.
      1403 N Washington St, Forrest City, AR 72335
      View Details
    • $925,000
      4,500 SF

      Forrest City Retail Opportunity

      Retail property for sale in Forrest City, Arkansas.
      2004 N Washington St, Forrest City, AR 72335
      View Details
    • $925,000
      0.89 Acres

      Forrest City Retail Building/Land

      Retail building and land for sale in Forrest City, AR.
      2004 N Washington St, Forrest City, AR 72335
      View Details
    • Contact for pricing
      2.90 Acres

      Land in Forrest City, AR

      2.9 acres of land for sale in Forrest City.
      Forrest Lake Rd, Forrest City, AR 72335
      View Details
    • New
      $60,000
      2,484 SF

      Downtown Forrest City Office Building

      Move-in ready office space in revitalizing downtown area.
      523 Front St, Forrest City, AR 72335
      View Details
    • $309,900
      103.00 Acres

      Forrest City Hunting and Recreational Land

      103 acre hunting and recreational land near Forrest City, AR.
      00 Sfc Rd, Forrest City, AR 72335
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,582 SF

      Prime St. Francis County Retail Space

      Freestanding former Wendy's, 2,582 sq ft.
      3302 Washington St, Forrest City, AR 72335
      View Details
    • $8 SF/Yr
      25,000 SF

      Forrest City Retail Space Available

      High-traffic retail space, 12,500 sq ft.
      412 Washington St, Forrest City, AR 72335
      View Details
    • $8 SF/Yr
      14,550 SF

      Forrest City Retail Space Available

      ±14,550 SF Freestanding Retail Building
      2110 Washington St, Forrest City, AR 72335
      View Details
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    Forrest City, AR 72335
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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