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    Commercial Development Land with Frontage Title is generated by Realmo AI

    13531 N Mount Pleasant Road, Gravette, AR 72736

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    Claim this Listing
    For Sale
    $4,250,000

    LAND - Gravette, AR

    Lot size:
    27.13 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    248
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 13531 N Mount Pleasant Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-01572-000
    Lot size
    27.13 Acres

    Taxes and HOA fees

    Tax Description
    Parcel 11-01572-000, Parcel 11-01576-000 Benton County
    Tax Annual Amount
    4860

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Gay Vandevoir
    Gay Vandevoir

    Listing agent Gay Vandevoir License #EB00070215

    Listing office Hutchinson Realty 36 Sugar Creek Center, Bella Vista, AR

    Listing date Sep 29, 2025

    MLS# 1323627 Listing URL

    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.

    HighLights

    • 27.13 acres for development in city limits across 2 parcels
    • Commercial C‑2 zoning with direct access off US 49 and HWY 72 frontage
    • 1123' of HWY 72 frontage plus US 49 daily traffic of 20,000 (north & south bound)
    • Utilities include propane; water from public; sewer via septic tank
    • City of Gravette approved city sewer anticipated in 2026
    • Level cleared land with 2 older rental homes, large barn, and outbuildings

    Overview

    The property consists of two parcels totaling 27.13 acres in the city limits and is offered as a level, cleared development site. It includes 1123 feet of frontage along Hwy 72 and is described as having two older rental homes, a large barn, and additional outbuildings. The property taxes reflect both parcels.

    The land is located off US 49 and Hwy 72 with direct access from US 49. Public remarks also indicate daily traffic counts of 11,000 along Hwy 72 and 20,000 on US 49 north and south bound. The site is noted as being next to the New Arkansas Welcome Center, which is currently under construction, and the City of Gravette has approved city sewer with anticipated availability in 2026.

    With Commercial C-2 zoning, the site is positioned for a range of commercial development concepts, and the seller highlights uses such as retail, convenience, grocery, auto dealership, church, and recreation or a similar destination. For investors and developers, the combination of cleared acreage, existing structures, and strong highway-oriented exposure supports planning flexibility for future site improvements and tenant-ready layouts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Repair Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gravette
    County
    Benton
    State
    Arkansas
    Longitude
    -94.374848
    Latitude
    36.431034

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    FAQs

    What type of property is this?
    Commercial land - 27.13 acres zoned C-2 with level cleared ground, two rental homes, and substantial frontage off US 49 and Hwy 72.
    Where is this commercial land located?
    The property is located at 13531 N Mount Pleasant Road Gravette, AR.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: 27.13 acres for development in city limits across 2 parcels; Commercial C‑2 zoning with direct access off US 49 and HWY 72 frontage; 1123' of HWY 72 frontage plus US 49 daily traffic of 20,000 (north & south bound)
    (479) 619-6997
    We can help!
    Listing Contact
    Gay Vandevoir
    Gay Vandevoir
    Real Estate License ID: EB00070215
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    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.

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    13531 N Mount Pleasant Road, Gravette, AR 72736
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