Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Convenience Store with EPA Clearance Title is generated by Realmo AI

    204 NE 1st Avenue, Gravette, AR 72736

    View on Map
    Claim this Listing
    For Sale
    $320,000

    Convenience store on high-traffic road with EPA clearance.

    Type:Commercial/Industrial
    Property size:
    1,669 SF
    Price / SF:
    $191/SF
    Added:
    Aug 12, 2025
    Days on Market:
    295
    Last Refresh:
    Apr 8 at 1:14 am

    Property Features for 204 NE 1st Avenue

    General Information

    Standard status
    Active
    Size
    1,669 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Vernon Schmiegelow

    Listing agent Vernon Schmiegelow License #SA00016685

    Listing office Equity Partners Realty

    Listing date Aug 12, 2025

    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 Equity Partners Realty

    HighLights

    • High traffic location (9683 daily)
    • EPA clearance letter for fuel tanks
    • Income‑generating ice machine averaging $700/month net
    • Setup for Food Truck parking (80% complete)
    • Originally a convenience store
    • Year Built: 1980

    Overview

    This 1,669-square-foot commercial property was originally a convenience store. The fuel tanks have been removed, and the owner possesses an EPA clearance letter. The property benefits from its location on a road with a high traffic count, which was recorded as 9,683 daily in 2023. An ice machine, which has generated an average net income of $700 per month over the past couple of years, is included with the property. The layout behind the building is approximately 80% complete for setting up food truck parking.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $32.0k $19.20
    − Vacancy −$2.1k −$1.27
    EGI $29.9k $17.93
    − OpEx −$7.5k −$4.48
    NOI $22.4k $13.45
    1,669 SF · lease $19.20/SF/yr · vacancy 6.60% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $320.7K
    $280.6K – $374.1K (±1% cap)
    NOI $22,447 @ 7.0% cap · market cap 7.01%
    Second Best
    Retail
    $271.2K
    $237.3K – $316.5K (±1% cap)
    NOI $18,987 @ 7.0% cap · market cap 5.93%
    Theoretical Best
    Office A
    $458.7K
    $401.3K – $535.1K (±1% cap)
    NOI $32,106 @ 7.0% cap · market cap 10.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Harps Food Stores — 200 1st Ave SE, Gravette, AR 72736

    Location Insight

    • Map
    • Local Demand
    City
    Gravette
    County
    Benton
    State
    Arkansas
    Longitude
    -94.452917
    Latitude
    36.424862

    Nearby Similar for Sale

    • $265,200
      2,652 SF

      Gravette Commercial Property For Sale

      2,652 SF commercial property with C1 zoning in Gravette, AR.
      401 Akron Street, Gravette, AR 72736
      View Details
    • $990,000
      8,918 SF

      Versatile Live-Work Space For Sale

      Unique property with workspace and living space in one.
      13870 Highway 279, Gravette, AR 72739
      View Details
    • $650,000
      4,016 SF

      Historic Building in Downtown Gravette

      Versatile space suitable for office, retail, restaurant, or venue.
      109 SE Main Street, Gravette, AR 72736
      View Details
    • $299,000
      1,669 SF

      Gravette Commercial Property For Sale

      Commercial property in Gravette, AR, with high traffic and potential.
      204 NE 1st Avenue, Gravette, AR 72736
      View Details
    • $265,200
      2,652 SF

      Gravette Commercial Building For Sale

      Commercial building in Gravette, Arkansas, near Main Street.
      401 Akron Street, Gravette, AR 72736
      View Details
    • $235,000
      1,264 SF

      Commercial Property on Hwy 59

      Commercial property on Hwy 59 with high visibility.
      605 NW 1st Avenue, Gravette, AR 72736
      View Details
    • $1,800,000
      23,364 SF

      Interconnected Buildings with Flexible Usage

      Three interconnected buildings suitable for manufacturing, storage, residential, and more.
      1060 1st Avenue, Gravette, AR 72736
      View Details
    • $1,800,000
      14,862 SF

      Retail Space in Gravette, AR

      Retail property available for lease in Gravette, Arkansas.
      800 1st Ave SE, Gravette, AR
      View Details
    • $265,000
      1,404 SF

      Turn-Key Restaurant Opportunity

      Established restaurant ready for new ownership.
      106 1st Avenue, Gravette, AR 72736
      View Details
    • $750,000
      4,016 SF

      Historic Building in Downtown Gravette

      Versatile space suitable for office, retail, restaurant, or venue.
      109 SE Main Street, 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
    • $650,000
      4,016 SF

      Historic Downtown Building For Sale

      Historic building with retail, entertainment, and storage space.
      109 SE Main St, Gravette, AR 72736
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Convenience store on high-traffic road with EPA clearance.
    Where is this grocery and convenience store located?
    The property is located at 204 NE 1st Avenue Gravette, AR.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: High traffic location (9683 daily); EPA clearance letter for fuel tanks; Income‑generating ice machine averaging $700/month net
    (479) 640-5219
    We can help!
    Listing Contact
    Vernon Schmiegelow
    Real Estate License ID: SA00016685
    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

    Thank You for Inquiry
    204 NE 1st Avenue, Gravette, AR 72736
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!