Convenience Store with EPA
204 NE 1st Avenue Gravette, AR 72736
204 NE 1st Avenue, Gravette, AR, 72736
$299,000
For Sale
$299,000
Convenience store on high-traffic road with EPA clearance.
Property Size1,669 SF
Price / SF$179.15
Days on Market341
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
Listing Agency
Equity Partners Realty
(479) 640-5219
Listed by
Vernon Schmiegelow · License #SA00016685
(479) 640-5219
Source
Exitrealty
Added: Aug 11, 2025 Checked: Jul 17 at 3:20 am
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- High traffic location (9683 daily)
- EPA clearance letter for fuel tanks
- Income‑generating ice machine averaging $700/month net
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
NOI $22,447 @ 7.0% cap · market cap 7.51%
Second Best
Retail
$271.2K
$237.3K – $316.5K
NOI $18,987 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$458.7K
$401.3K – $535.1K
NOI $32,106 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
Similar Off Market Nearby
- Harps Food Stores — 200 1st Ave SE, Gravette, AR 72736
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 $299,000.
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
