Fenced Auto Shop
For Sale
$265,200
401 Akron Street, Gravette, AR 72736
COMMERCIAL - Gravette, AR
Property Size2,652 SF
Lot Size0.25 Acres
Price / SF$100
Days on Market145
Property Features for 401 Akron Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Exterior features
Storage
Appliances
NoHotWater
Lot features
City Lot
Directions
From the intersection of highway 59 and highway 72 in Gravette take 59 north to Akron. Turn right onto Akron. Follow Akron approx 2.5-3 blocks. Building will be on the right. One minute to Main Street. 15 Minutes to Interstate 49!!
Standard status
Active
APN
11-00521-000
Size
2,652 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
11-00521-000
Tax Annual Amount
828
Legal Description
11-00521-000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Amenities
2.5 bathrooms
Building Details
Year built
1970
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Benton County Realty
(479) 787-5100
Listed By:
Larry Boling · License #SA00039551
(479) 790-5604
Added: Mar 30
Changed: Aug 19
Last Checked: Aug 21 at 3:06PM
MLS# 1340970
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 2,652-square-foot auto shop property was built in 1970 and sits on a 0.25-acre parcel in Gravette. The building includes 2 1/2 baths, storage, a metal roof, natural gas heating, and electric cooling. A chain-link fence surrounds all four sides of the site, providing a defined perimeter for the property.
The site has a parking lot and is served by public water and public sewer. C1 zoning supports the property’s commercial classification, while the existing building, fenced grounds, and utility connections provide a practical base for automotive or other commercial operations.
The site has a parking lot and is served by public water and public sewer. C1 zoning supports the property’s commercial classification, while the existing building, fenced grounds, and utility connections provide a practical base for automotive or other commercial operations.
Key Highlights
- 2,652 square feet on a 0.25‑acre parcel
- C1 zoning
- Chain‑link fence around all 4 sides
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
$9,980
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
3.76%
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%
$199,600
$199.6K
Cap Rate 7%
$142,571
$142.6K
Cap Rate 9%
$110,889
$110.9K
Market Conditions
NOI Build-Up for 2,652 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
$15.9K $6.00/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$14.3K $5.38/SF
− OpEx
−$4.3K −$1.61/SF
NOI
$10.0K $3.76/SF
Area
Benton County, AR
Vacancy
10.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
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%
$199,600
Cap Rate 7%
$142,571
Cap Rate 9%
$110,889
Alternative Uses
Best Use
Retail
$431.0K
$377.1K – $502.8K
NOI $30,169 @ 7.0% cap · market cap 11.38%
Second Best
Industrial
$142.6K
$124.8K – $166.3K
NOI $9,980 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$728.8K
$637.7K – $850.3K
NOI $51,015 @ 7.0% cap · market cap 19.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BMS Auto Center — 208 2nd Ave SE, Gravette, AR 72736
- Gravette Tire Shop — 801 1st Ave SE, Gravette, AR 72736
- All Around Mobile RV Service — 310 5th Ave SW, Gravette, AR 72736
Frequently Asked Questions
What type of property is this?
Auto shop - C1-zoned commercial property with a four-sided chain-link fence, parking lot, and public utilities.
Where is this auto shop located?
The property is located at 401 Akron Street Gravette, AR.
What is the asking price?
The asking price for this property is $265,200.
What are key features of this property?
This property features: 2,652 square feet on a 0.25‑acre parcel; C1 zoning; Chain‑link fence around all 4 sides
