Corner Commercial Land with
For Sale
$359,900
102 SE Galveston Street, Gravette, AR 72736
Corner parcel includes an existing office improvement with two bedrooms, one bathroom, and access from two roads.
Property Size720 SF
Price / SF$499.86
Days on Market60
Property Features for 102 SE Galveston Street
General Information
Standard status
Active
Size
720 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$720
Building Details
Year Built
1970
Listing Agency:
Prestige Management & Realty
(479) 202-5013
Listed By:
Bo Lester · License #SA00098251
(479) 531-2696
Source:
Exitrealty
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 19 at 3:40AM
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 Prestige Management & Realty
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Investment Insights
Based on property information with market context.
This commercial land parcel encompasses approximately 0.48 acres and includes a 720-square-foot, two-bedroom, one-bath residence currently configured for office use. The existing improvement was built in 1970 and provides an established structure on the site.
The property occupies a corner position with approximately 140 feet along Highway 59 and 150 feet along Galveston Road. Nearby commercial businesses include Sonic, Taco Bell, Arvest Bank, Casey's, and McDonald's, which is located two blocks away. The address is 102 SE Galveston Street in Gravette, Arkansas.
The property occupies a corner position with approximately 140 feet along Highway 59 and 150 feet along Galveston Road. Nearby commercial businesses include Sonic, Taco Bell, Arvest Bank, Casey's, and McDonald's, which is located two blocks away. The address is 102 SE Galveston Street in Gravette, Arkansas.
Key Highlights
- Approximately 0.48 acres of commercial land
- 720‑square‑foot improvement currently used as office space
- Two‑bedroom, one‑bath layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,173
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,460
$223.5K
Cap Rate 7%
$159,614
$159.6K
Cap Rate 9%
$124,144
$124.1K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$16.0K $22.20/SF
− Vacancy
−$1.1K −$1.51/SF
EGI
$14.9K $20.69/SF
− OpEx
−$3.7K −$5.17/SF
NOI
$11.2K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,460
Cap Rate 7%
$159,614
Cap Rate 9%
$124,144
Alternative Uses
Best Use
Office B
$159.6K
$139.7K – $186.2K
NOI $11,173 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.9K
$173.1K – $230.8K
NOI $13,850 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
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Business Placement
Demographics for 72736, AR
7,046
Population
2,682
Households
2.6
Avg Household Size
38
Median Age
24%
College-Educated
88%
High-School Grad
98.5 sq mi
ZIP Area
72
Density / Sq Mi
$73,565
Median Household Income
$43,892
Median Earnings
$1,012
Median Rent
$277,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - Corner parcel includes an existing office improvement with two bedrooms, one bathroom, and access from two roads.
Where is this commercial land located?
The property is located at 102 SE Galveston Street Gravette, AR.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Approximately 0.48 acres of commercial land; 720‑square‑foot improvement currently used as office space; Two‑bedroom, one‑bath layout
