Historic Brick Storefront with
For Sale
$599,000
109 SE Main Street, Gravette, AR 72736
CommercialSale, Gravette, AR
Property Size4,016 SF
Lot Size0.07 Acres
Price / SF$149.15
Days on Market47
Property Features for 109 SE Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Rooms
Basement
Parking features
On Street
Appliances
GasWaterHeater
Lot features
Central Business District, City Lot
Directions
From I-49, west on Hwy 72 into Gravette. North on 1st Ave SE. East on Main St to property on south side of street.
Standard status
Active
APN
11-00285-002
Size
4,016 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
/
Tax Annual Amount
1896
Legal Description
/
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric
Water source
Public
Amenities
20' ceilings
original tin
hardwood floors
exposed brick
mezzanine
custom bar with granite countertop
3-compartment stainless steel sink
renovated bathrooms
full walkout basement
Building Details
Year built
1920
Flooring type
Wood
Building materials
Brick
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Brennan Sharpe · License #SA00084262
(479) 530-3774
Added: Jul 17
Changed: Aug 31
Last Checked: Sep 1 at 3:06PM
MLS# 1355591
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 4,016-square-foot storefront property at 109 SE Main Street dates to 1920 and combines historic construction with updated functional features. The brick building includes 20-foot ceilings, original tin details, hardwood floors, exposed brick, and a mezzanine. A custom bar with granite countertop and a three-compartment stainless steel sink complements the interior, while renovated bathrooms and a full walkout basement add practical utility.
The property occupies 0.07 acres in Gravette, Arkansas, with on-street parking and public water and sewer service. Central heating and electric cooling are installed. Its flexible layout supports the retail, office, and mixed-use concepts identified for the property.
The property occupies 0.07 acres in Gravette, Arkansas, with on-street parking and public water and sewer service. Central heating and electric cooling are installed. Its flexible layout supports the retail, office, and mixed-use concepts identified for the property.
Key Highlights
- 4,016‑square‑foot storefront property built in 1920
- 20‑foot ceilings with original tin, hardwood floors, exposed brick, and mezzanine
- Custom bar with granite countertop and 3‑compartment stainless steel sink
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
$45,686
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
7.63%
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%
$913,720
$913.7K
Cap Rate 7%
$652,657
$652.7K
Cap Rate 9%
$507,622
$507.6K
Market Conditions
NOI Build-Up for 4,016 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
$69.9K $17.40/SF
− Vacancy
−$4.6K −$1.15/SF
EGI
$65.3K $16.25/SF
− OpEx
−$19.6K −$4.88/SF
NOI
$45.7K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$913,720
Cap Rate 7%
$652,657
Cap Rate 9%
$507,622
Alternative Uses
Best Use
Office B
$890.3K
$779.0K – $1.04M
NOI $62,319 @ 7.0% cap · market cap 10.40%
Second Best
Retail
$652.7K
$571.1K – $761.4K
NOI $45,686 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.10M
$965.7K – $1.29M
NOI $77,254 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
257
Businesses Nearby
Balanced
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Flexible downtown commercial space with original architectural details, renovated bathrooms, and a full walkout basement.
Where is this storefront property located?
The property is located at 109 SE Main Street Gravette, AR.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,016‑square‑foot storefront property built in 1920; 20‑foot ceilings with original tin, hardwood floors, exposed brick, and mezzanine; Custom bar with granite countertop and 3‑compartment stainless steel sink
