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    11002 Hwy 135N Lafe, AR 72436

    View on Map
    Sponsored
    For Sale
    $375,000

    Business, Bldg and Land - Lafe, AR

    Property size:
    2,944 SF
    Lot size:
    1.00 Acre
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 10:06 am

    Property Features for 11002 Hwy 135N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    20
    Interior features
    Public Restrooms, Equipment (see Remarks), Kitchen Area
    Size
    2,944 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2001
    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Block, Brick
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Remington Hendrix-Brown

    Next Home BHB Property Advisors (479) 316-3427

    Listing agent Remington Hendrix-Brown (870) 800-4355

    Listing date Mar 19, 2026

    MLS# 26010585 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Former Gas Station with Restaurant Potential

    This commercial property, formerly a gas station, is located along a well-traveled two-lane highway connecting surrounding rural communities in Lafe, AR. The property benefits from direct road access, strong visibility, and consistent pass-through traffic. The property, with a size of 2944 square feet and a lot size of 1 acre, previously served as a fuel and convenience stop and offers a dedicated space suitable for a restaurant, deli, or quick-service concept. This added flexibility makes the site ideal for entrepreneurs or investors looking to establish a multi-use business. The property presents an excellent investment opportunity in the heart of a close-knit small town. The location, accessibility, and restaurant potential provide a strong foundation for a variety of commercial ventures. It offers a chance to revitalize a recognizable community landmark and bring new energy to a high-exposure site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Map

    City
    Lafe
    County
    Greene
    State
    Arkansas
    Longitude
    -90.506939
    Latitude
    36.203486

    FAQs

    What type of property is this?
    Gas station - Commercial opportunity in Lafe, AR with high visibility.
    Where is this gas station located?
    The property is located at 11002 Hwy 135N Lafe, AR.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - High-visibility location on a well-traveled highway with consistent pass-through traffic.; - Restaurant/deli/quick-service potential with a dedicated kitchen area.; - Former gas station with potential to restore original use.
    (870) 253-6819
    Request Owner's contact information
    11002 Hwy 135N Lafe, AR 72436
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    Lafe, AR 72436
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    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
    11002 Hwy 135N Lafe, AR 72436
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    We can help!
    Listing Contact
    Remington Hendrix-Brown
    Real Estate License ID: 00088473
    (870) 253-6819 (870) 800-4355
    Learn more
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