Corner Commercial Land With
For Sale
$349,900
102 SE Galveston Street, Gravette, AR 72736
CommercialSale, Gravette, AR
Property Size720 SF
Lot Size0.48 Acres
Price / SF$485.97
Days on Market50
Property Features for 102 SE Galveston Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Carport
Appliances
GasWaterHeater
Lot features
City Lot
Directions
From the intersection of Highway 59 and 72 in Gravette, travel south on Highway 59, the property is located on the left corner of Highway 59 and Galveston St
Standard status
Active
APN
11-00451-000
Size
720 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
Lots 7,8,9 of Block 3 of Highland Addition
Tax Annual Amount
720
Legal Description
Lots 7,8,9 of Block 3 of Highland Addition
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1970
Flooring type
Wood
Roof type
Metal
Listing Agency:
Prestige Management & Realty
(479) 202-5013
Listed By:
Bo Lester · License #SA00098251
(479) 531-2696
Added: Sep 1
Changed: Oct 2
Last Checked: Oct 20 at 6:06AM
MLS# 1360879
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This commercial land offering includes approximately 0.48 acres at the corner of SE Galveston Street and Highway 59, with an existing 720-square-foot structure currently used as office space. The building contains two bedrooms and one bath, with wood flooring, central heating and cooling, a gas water heater, metal roofing, and a carport. The improvements date to 1970.
The parcel provides approximately 140 feet of frontage 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 identified as two blocks away. The property is in Gravette, Arkansas, within Benton County.
The parcel provides approximately 140 feet of frontage 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 identified as two blocks away. The property is in Gravette, Arkansas, within Benton County.
Key Highlights
- Approximately 0.48 acres of commercial land
- 720‑square‑foot building currently used as office space
- Approximately 140 feet of Highway 59 frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,173
Cap Rate
3.19%
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 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$197.9K
$173.1K – $230.8K
NOI $13,850 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
274
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 - Improved corner parcel with an existing office building, dual-road frontage, and established commercial surroundings.
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 $349,900.
What are key features of this property?
This property features: Approximately 0.48 acres of commercial land; 720‑square‑foot building currently used as office space; Approximately 140 feet of Highway 59 frontage
