Commercial Land with
For Sale
$2,500,000
15651 W Highway 72, Gravette, AR 72736
CommercialSale, Gravette, AR
Property Size14,693 SF
Lot Size11.70 Acres
Price / SF$170.15
Days on Market371
Property Features for 15651 W Highway 72
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Appliances
ElectricWaterHeater
Lot features
City Lot
Directions
US 49 to Gravette AR, Exit 100. Turn left, West on Hwy 72. Property is on the south side of HWY 72 appx. 800'ft. Look for sign just past the Mt. Pleasant Cemetery.
Standard status
Active
APN
11-01580-000
Size
14,693 SF
Lot size
11.70 Acres
Taxes and HOA fees
Tax Description
PT NE NW BEG SE/C W300' N TO HWY THENCE NE 300' S823' TO POB
Tax Annual Amount
8589
Legal Description
PT NE NW BEG SE/C W300' N TO HWY THENCE NE 300' S823' TO POB
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Propane (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
2005
Flooring type
Concrete
Building materials
MetalSiding
Roof type
Metal
Listing Agency:
Hutchinson Realty
(479) 855-9037
Listed By:
Gay Vandevoir · License #EB00070215
(479) 619-6997
Added: Sep 29, 2025
Changed: Sep 12
Last Checked: Oct 4 at 7:06PM
MLS# 1322975
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 11.70-acre commercial property comprises three parcels within the city limits and includes a multi-building facility totaling 14,693 square feet. The improvements were built in 2005 and feature metal siding, a metal roof, concrete flooring, propane heat, electric cooling, public water, septic service, and a dedicated parking lot. The property is zoned Commercial C-2.
Located at 15651 W Highway 72 in Gravette, the site offers frontage on AR Highway 72 and visibility from Interstate 49. Reported daily traffic counts are 11,000 vehicles on Highway 72 and 20,000 vehicles on US 49 northbound and southbound. The property is across from the Arkansas Welcome Center, which is currently under construction. City sewer has been approved with service anticipated in 2027.
Located at 15651 W Highway 72 in Gravette, the site offers frontage on AR Highway 72 and visibility from Interstate 49. Reported daily traffic counts are 11,000 vehicles on Highway 72 and 20,000 vehicles on US 49 northbound and southbound. The property is across from the Arkansas Welcome Center, which is currently under construction. City sewer has been approved with service anticipated in 2027.
Key Highlights
- 11.70 acres across 3 parcels within the city limits
- 14,693‑square‑foot multi‑building facility built in 2005
- Commercial C‑2 zoning
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
$102,263
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
4.09%
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%
$2,045,260
$2.0M
Cap Rate 7%
$1,460,900
$1.5M
Cap Rate 9%
$1,136,256
$1.1M
Market Conditions
NOI Build-Up for 14,693 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
$176.3K $12.00/SF
− Vacancy
−$12.7K −$0.86/SF
EGI
$163.6K $11.14/SF
− OpEx
−$61.4K −$4.18/SF
NOI
$102.3K $6.96/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,045,260
Cap Rate 7%
$1,460,900
Cap Rate 9%
$1,136,256
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,263 @ 7.0% cap · market cap 4.09%
Second Best
Warehouse
$959.2K
$839.3K – $1.12M
NOI $67,141 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$4.04M
$3.53M – $4.71M
NOI $282,642 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - C-2-zoned commercial property with highway frontage, existing buildings, and direct access to Interstate 49.
Where is this commercial land located?
The property is located at 15651 W Highway 72 Gravette, AR.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11.70 acres across 3 parcels within the city limits; 14,693‑square‑foot multi‑building facility built in 2005; Commercial C‑2 zoning
