Corner Commercial Land with
New
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 Market3
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 3
Changed: Sep 4
Last Checked: Sep 5 at 7:43AM
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
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 = 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
$11,173
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
3.10%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
276
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
