Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215 Westfork St Alma, AR 72921
    Back to Search
    Property profile & analytics

    215 Westfork St, Alma, AR 72921

    View on Map
    • Turn key restaurants
    • 4,432 SF
    • 0.17 lot acres
    For Sale
    $375,000
    View Listing →
    Restaurant Location Near I-40 For Sale
    $375,000
    4,432 SF

    Restaurant Location Near I-40

    Restaurant space with high visibility and ample seating.

    215 Westfork ST, Alma, AR 72921
    View Listing
    Property ID
    US05-1044131
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 215 Westfork St

    Year built
    2009
    Lot size
    0.17 lot acres
    Property type
    Turn key restaurants
    APN
    710-01311-003
    APU
    71001311003

    Description

    This exceptional commercial property at 215 Westfork Street in Alma, Arkansas, presents a unique opportunity for a variety of businesses. Boasting a highly visible location directly off I-40, this former restaurant benefits from significant traffic flow, including proximity to Walmart and Alma schools. The building sits on a 0.52-acre lot and features a spacious open floor plan ideal for both restaurant and retail operations. The interior includes a large dining area with seating for over 150 patrons, a fully equipped kitchen with walk-in cooler, and multiple vent-a-hoods (10', 8', and 4'). Additional features include a convenient office, double-vestibule covered porch entries, a main dining area with elevated ceilings, three-phase electric service, and two 25-ton Pack units for climate control. The property also benefits from an elastomeric roof coating, ample lighting, ceiling fans, and double insulation, ensuring both energy efficiency and comfort. The current health department permit is in place. Tables and chairs are included in the sale. This versatile space offers immense potential for a savvy investor or business owner seeking a high-visibility location with established infrastructure. The asking price is $475,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alma
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.2268
    Latitude
    35.4809
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK METROPOLITAN 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
    2023
    $5,119
    $1,480
    $106,710
    $108,190
    -
    $7,400
    $533,550
    $540,950

    Comparable in this City

    • Value Estimation
      $590,000
      10,044 SF

      431 Hwy 71st N

      RESTAURANT
      431 Hwy 71st N, Alma, AR 72921-3208
      View Details
    • Value Estimation by Request
      7,182 SF

      24 Collum W Ln

      RESTAURANT
      24 Collum W Ln, Alma, AR 72921-5093
      View Details
    • Value Estimation by Request
      2,136 SF

      123 Fayetteville Ave

      RESTAURANT
      123 Fayetteville Ave, Alma, AR 72921-3654
      View Details
    • Value Estimation by Request
      3,300 SF

      524 Hwy 71st N

      RESTAURANT
      524 Hwy 71st N, Alma, AR 72921-3210
      View Details
    • Value Estimation by Request
      3,812 SF

      8028 Hwy 71

      RESTAURANT
      8028 Hwy 71, Alma, AR 72921
      View Details
    • Value Estimation by Request
      2,754 SF

      836 Hwy 71st N

      RESTAURANT
      836 Hwy 71st N, Alma, AR 72921
      View Details

    Similar Nearby for Sale

    • $375,000
      4,432 SF

      Restaurant Location Near I-40

      Restaurant space with high visibility and ample seating.
      215 Westfork St, Alma, AR 72921
      View Details
    • $485,000
      81.57 Acres

      81.57 Acres Wooded Land

      Wooded property perfect for outdoor enthusiasts and nature lovers.
      Goff Cir, Dyer, AR 72921
      View Details
    • $55,000
      5.00 Acres

      5 Acre Lot in Alma

      Five-acre lot near Alma, Arkansas, utilities available.
      Tbd Lakeland Dr, Alma, AR 72921
      View Details
    • $35,000
      Pending

      Residential Land in Alma, Arkansas

      One acre residential land with utilities ready for building.
      7911 Walker School Rd, Alma, AR 72921
      View Details
    • $195,000
      70.00 Acres

      Secluded 70 Acres in Rudy

      70 acres perfect for hunting, hiking, and recreation.
      01 Zachary Trl, Rudy, AR 72921
      View Details
    • $400,000
      26.72 Acres

      Land with Development Potential

      26.72 acres of land near Alma, Arkansas.
      2721 E 64 Hwy, Alma, AR 72921
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 Westfork St
    Alma, AR 72921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    215 Westfork St, Alma, AR, 72921
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!