Three-Building Flex
1060 1st Avenue, Gravette, AR 72736
For Sale
$1,800,000
CommercialSale, Gravette, AR
Property Size23,364 SF
Lot Size2.12 Acres
Price / SF$77.04
Days on Market395
Property Features for 1060 1st Avenue
General Information
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Size
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Building Details
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Listing Agency:
Capstone Commercial Advisors
(479) 899-6840
Listed By:
Jason Trenary · License AR AB00092271
(479) 426-7425
Added: Oct 14, 2025
Changed: Oct 16
Last Checked: Nov 12 at 8:06AM
MLS# 1324853
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 flex property comprises three connected buildings linked by breezeways on a 2.12-acre site. The approximately 12,000-square-foot primary building is climate controlled and includes a lobby, restrooms, offices, kitchenette, storage, and an open display and assembly area. A separate warehouse provides approximately 9,700 square feet of high-clearance space with a loading dock and overhead-door access. The third component includes a four-bay garage and workshop on the ground floor, with an approximately 1,697-square-foot-per-level configuration and a carpeted apartment above. The apartment has two bedrooms, a kitchen, living area, bathroom, and laundry. Concrete flooring is present, and the property was built in 1995.
Located at 1060 1st Avenue in Gravette, Arkansas, the property offers a combination of office, assembly, storage, warehouse, workshop, and residential components within one connected site. The varied building layout supports multiple operational functions without separating them across different properties.
Located at 1060 1st Avenue in Gravette, Arkansas, the property offers a combination of office, assembly, storage, warehouse, workshop, and residential components within one connected site. The varied building layout supports multiple operational functions without separating them across different properties.
Key Highlights
- Three interconnected buildings joined by breezeways on 2.12 acres
- Approximately 12,000 SF climate‑controlled primary building
- Approximately 9,700 SF high‑clearance warehouse with loading dock
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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Current Use
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Well-served
Demand for This Use
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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
$277,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Benton County, AR
Properties on Market for Flex space in Benton County
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 - Connected buildings combine climate-controlled workspace, warehouse capacity, loading access, and a garage with an upper-level apartment.
Where is this flex space located?
The property is located at 1060 1st Avenue 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 buildings joined by breezeways on 2.12 acres; Approximately 12,000 SF climate‑controlled primary building; Approximately 9,700 SF high‑clearance warehouse with loading dock
