Three-Building Flex
For Sale
$1,800,000
1060 1st Ave, Gravette, AR 72736
Three interconnected warehouse buildings are linked by breezeways, offering two dock doors and two drive-in doors on 2.12 acres.
Property Size23,364 SF
Lot Size2.12 Acres
Price / SF$77.04
Days on Market95
Property Features for 1060 1st Ave
General Information
Standard status
Active
Size
23,364 SF
Lot size
2.12 Acres
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1995
Listing Agency:
Capstone Commercial Advisors
Listed By:
Jason Trenary · License #AB00092271
(479) 426-7425
Source:
Thebesthomeprice
Added: Jul 24
Changed: Oct 26
Last Checked: Oct 7 at 4:28PM
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 Capstone Commercial Advisors
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Investment Insights
Based on property information with market context.
This well-conceived property includes three interconnected buildings joined by breezeways, with each structure serving a distinct function for adaptable use. The configuration is designed to support flexibility across the property while maintaining a connected overall layout. On-site improvements include two dock doors and two drive-in doors to accommodate loading needs.
The property is located at 1060 1st Ave NW in Gravette, Arkansas, approximately five miles from I-49, providing convenient regional access for distribution and service operations.
With a total building area of 25,211 square feet and a 2.12-acre site, this flex warehouse setting is positioned for users seeking multiple buildings under one ownership with practical loading access.
The property is located at 1060 1st Ave NW in Gravette, Arkansas, approximately five miles from I-49, providing convenient regional access for distribution and service operations.
With a total building area of 25,211 square feet and a 2.12-acre site, this flex warehouse setting is positioned for users seeking multiple buildings under one ownership with practical loading access.
Key Highlights
- Three interconnected warehouse buildings linked by breezeways
- 2.12 AC land size
- Includes two dock doors and two drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,764
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,280
$2.1M
Cap Rate 7%
$1,525,200
$1.5M
Cap Rate 9%
$1,186,267
$1.2M
Market Conditions
NOI Build-Up for 23,364 SF
Gross rent
$140.2K $6.00/SF
− Vacancy
−$14.6K −$0.62/SF
EGI
$125.6K $5.38/SF
− OpEx
−$18.8K −$0.81/SF
NOI
$106.8K $4.57/SF
Area
Benton County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,135,280
Cap Rate 7%
$1,525,200
Cap Rate 9%
$1,186,267
Alternative Uses
Best Use
Flex RnD
$3.38M
$2.96M – $3.95M
NOI $236,765 @ 7.0% cap · market cap 13.15%
Second Best
Warehouse
$1.53M
$1.33M – $1.78M
NOI $106,764 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$6.42M
$5.62M – $7.49M
NOI $449,441 @ 7.0% cap · market cap 24.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Dock-high doors
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chang Chinese Food — 201 2nd Ave SW, Gravette, AR 72736
- A Lil Bit Of Sugar Cafe & Food Truck — 123 Main St SE, Gravette, AR 72736
Frequently Asked Questions
What type of property is this?
Flex space - Three interconnected warehouse buildings are linked by breezeways, offering two dock doors and two drive-in doors on 2.12 acres.
Where is this flex space located?
The property is located at 1060 1st Ave Gravette, AR.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three interconnected warehouse buildings linked by breezeways; 2.12 AC land size; Includes two dock doors and two drive‑in doors
