Listing Agency: United Country/Rateliff Lifestyle Properties Show Phone

Listed By: Tim Craig · License #PB00063528 Show Phone

Added: Oct 28 Changed: Oct 29 Last Checked: Oct 31 at 5:06AM

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MLS# 1366506

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.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,264-square-foot commercial building is currently used as a salon, with space occupied by a nail technician and tattoo artist. The property is offered as a building; salon equipment may be purchased separately.

The 0.17-acre parcel fronts Hwy 59 north of Gravette. A 2025 Arkansas traffic study recorded over 3000 vehicles a day traveling past the location.

Key Highlights

• 1,264 square feet of building area
• 0.17‑acre parcel with Hwy 59 frontage north of Gravette
• 2025 Arkansas traffic study recorded over 3000 vehicles a day passing the site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,379

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,580 $287.6K

Cap Rate 7%

$205,414 $205.4K

Cap Rate 9%

$159,767 $159.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,264 SF

Gross rent

$22.0K $17.40/SF

− Vacancy

−$1.5K −$1.15/SF

EGI

$20.5K $16.25/SF

− OpEx

−$6.2K −$4.88/SF

NOI

$14.4K $11.38/SF

Area

Benton County, AR

Vacancy

6.60%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,580

Cap Rate 7%

$205,414

Cap Rate 9%

$159,767

Alternative Uses

Best Use

Retail

$205.4K

$179.7K – $239.7K (±1% cap)

NOI $14,379 @ 7.0% cap · market cap 6.69%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$347.4K

$303.9K – $405.3K (±1% cap)

NOI $24,315 @ 7.0% cap · market cap 11.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

The Meatin' Place Restaurant Hillcrest Cemetery Cemetery Permanent Cosmetic’s by ... Medical Clinic Savy Skin Hair Salon ATM Machine at Blended ... Atm

Suggested Use

Top Pick Building Supply Dental Office Real Estate Agency Auto Repair Shop Storage Facility Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

210

Businesses Nearby

Balanced

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Spa & wellness property - The existing salon setting includes space used by a nail technician and tattoo artist.

Where is this spa & wellness property located?

The property is located at 605 1st Avenue Gravette, AR.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: 1,264 square feet of building area; 0.17‑acre parcel with Hwy 59 frontage north of Gravette; 2025 Arkansas traffic study recorded over 3000 vehicles a day passing the site