Interconnected Flex Space
For Sale
$1,800,000
1060 1st Avenue, Gravette, AR 72736
COMMERCIAL - Gravette, AR
Property Size23,364 SF
Lot Size2.12 Acres
Price / SF$77.04
Days on Market311
Property Features for 1060 1st Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Central Business District, City Lot
Directions
The property is located at 1060 1st Avenue, NE, Gravette, AR. The property is approximately five miles west of I-49 in Gravette, AR.
Standard status
Active
APN
11-00404-000
Size
23,364 SF
Lot size
2.12 Acres
Taxes and HOA fees
Tax Description
PLAT 8/21/1978 S-331
Legal Description
PLAT 8/21/1978 S-331
Building Details
Year built
1995
Flooring type
Concrete
Listing Agency:
Capstone Commercial Advisors
(479) 899-6840
Listed By:
Jason Trenary · License #AB00092271
(479) 426-7425
Added: Oct 14, 2025
Changed: Aug 19
Last Checked: Aug 20 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.
Investment Insights
Based on property information with market context.
This 23,364-square-foot flex property comprises three interconnected buildings linked by breezeways. The primary building offers climate-controlled space with a lobby, restrooms, offices, kitchenette, storage, and an open display or assembly area. A separate high-clearance warehouse includes a loading dock and overhead-door access. The third building combines a four-bay garage and workshop on the ground level with an upper-level apartment containing two bedrooms, a kitchen, living area, bath, and laundry. Concrete flooring is present, and the improvements were built in 1995.
Located at 1060 1st Avenue in Gravette, Arkansas, the property occupies 2.12 acres. Its mix of office, assembly, warehouse, garage, and residential components supports a range of flex-space configurations without adding unsupported use claims.
Located at 1060 1st Avenue in Gravette, Arkansas, the property occupies 2.12 acres. Its mix of office, assembly, warehouse, garage, and residential components supports a range of flex-space configurations without adding unsupported use claims.
Key Highlights
- 23,364 SF flex property on 2.12 acres
- Three interconnected buildings joined by breezeways
- Climate‑controlled primary building with offices, kitchenette, storage, and open display/assembly area
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
$106,764
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
5.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
163
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Three connected buildings combine climate-controlled workspace, warehouse capacity, a garage, and an apartment component on a 2.12-acre site.
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: 23,364 SF flex property on 2.12 acres; Three interconnected buildings joined by breezeways; Climate‑controlled primary building with offices, kitchenette, storage, and open display/assembly area
