Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 SE Main Street Gravette, AR 72736

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Versatile space suitable for office, retail, restaurant, or venue.

    Type:Commercial/Industrial
    Property size:
    4,016 SF
    Lot size:
    0.07 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    21
    Last Refresh:
    Mar 26 at 11:55 pm

    Property Features for 109 SE Main Street

    General Information

    Standard status
    Active
    Size
    4,016 SF
    Lot size
    0.07 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Brennan Sharpe
    Brennan Sharpe

    Listing agent Brennan Sharpe License #SA00084262

    Listing office Steve Fineberg & Associates

    Listing date Mar 11, 2026

    Source Exitrealty

    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 Steve Fineberg & Associates

    Overview

    Historic Building in Downtown Gravette

    This historic building, located in downtown Gravette, offers approximately 4,000 square feet of open office or retail space. The property features a mezzanine, two renovated bathrooms with multiple stalls, hardwood floors, a bar with a granite top, and a three-compartment sink. Original tin ceilings and retail windows with display wells add to the building's character. A spiral staircase leads to the mezzanine. The property also includes a full walk-out basement for storage. The versatile layout is suitable for various concepts, including office, retail, restaurant, or wedding and event venue. An upstairs balcony is currently used for entertainment and includes oversized his and hers lounge rooms with updated private bathrooms. According to the seller, the total square footage is approximately 4,000 square feet, though courthouse records do not include the mezzanine or second-floor square footage.
    Location Intelligence

    Current Use by Public Records

    Shelter Insurance Gravette Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gravette
    County
    Benton
    State
    Arkansas
    Longitude
    -94.453
    Latitude
    36.4221

    Nearby Similar for Sale

    • $265,200
      2,652 SF

      Gravette Commercial Property For Sale

      2,652 SF commercial property in Gravette, Arkansas.
      401 Akron ST, Gravette, AR 72736
      View Details
    • $1,800,000
      23,364 SF

      Versatile Warehouse with Residential Component

      Interconnected buildings offering flexibility for manufacturing, storage, and residential use.
      1060 1st AVE, Gravette, AR 72736
      View Details
    • $320,000
      1,669 SF

      Gravette Convenience Store Opportunity

      Convenience store with fuel tank clearance and food truck parking.
      204 NE 1st AVE, Gravette, AR 72736
      View Details
    • $2,250,000
      14,693 SF

      Gravette Auto Service Garage on 11.7 Acres

      Commercial property with highway frontage and development potential.
      15651 W Highway 72, Gravette, AR 72736
      View Details
    • $400,000

      40-Acre Ranch Retreat Ready

      Improved 40-acre ranch retreat ready for your vision.
      25000 Hunters RD, Gravette, AR 72736
      View Details
    • $9
      4,016 SF

      Historic Building in Downtown Gravette

      Versatile historic building ideal for retail, office, or event venue.
      109 SE Main ST, Gravette, AR 72736
      View Details
    • $650,000
      4,016 SF

      Historic Building in Downtown Gravette

      Versatile space suitable for retail, office, restaurant, or event venue.
      109 SE Main ST, Gravette, AR 72736
      View Details
    • $6
      23,364 SF

      Versatile Warehouse with Residential Component

      Three interconnected buildings suitable for manufacturing, storage, and residential use.
      1060 NE 1st AVE, Gravette, AR 72736
      View Details
    • $1.03
      3,600 SF

      Gravette Office Building For Sale

      3,600 SF office building in growing Gravette, Arkansas.
      1512 Ar-72, Gravette, AR 72736
      View Details
    • $950,000
      1,344 SF

      Gravette AR Single Family Package

      Income-producing single-family homes package with development potential in Gravette, AR.
      14776 Bethlehem RD, Gravette, AR 72736
      View Details
    • $950,000
      2,256 SF

      Gravette Single Family Home Package

      Multiple homes with development potential, hobby farm, or subdivision.
      14780 Bethlehem RD, Gravette, AR 72736
      View Details
    • $265,000

      Turn Key Restaurant Opportunity

      Established turn key restaurant, ready for new ownership.
      106 1st Ave Ne, Gravette, AR, 72736-9728
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile space suitable for office, retail, restaurant, or venue.
    Where is this retail space located?
    The property is located at 109 SE Main Street Gravette, AR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Versatile 4,000sf +- open space suitable for office, retail, restaurant, or event venue.; Historic building in downtown Gravette with original tin ceilings and hardwood floors.; **Mezzanine with spiral staircase and upstairs balcony for entertainment.**
    (479) 271-4161
    We can help!
    Listing Contact
    Brennan Sharpe
    Brennan Sharpe
    Real Estate License ID: SA00084262
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!