Storefront
For Sale
$235,000
605 NW 1st Ave, Gravette, AR 72736
Currently operating as a beauty salon with potential for continued commercial use.
Property Size1,264 SF
Price / SF$185.92
Days on Market34
Property Features for 605 NW 1st Ave
General Information
Standard status
Active
Size
1,264 SF
Additional Details
Highway Access
Yes
Listing Agency:
Crye-Leike REALTORS, Gentry
(479) 233-0296
Listed By:
Verla Martinec · License #SA00086205
Source:
Thebesthomeprice
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 25 at 5:37AM
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 Crye-Leike REALTORS, Gentry
Investment Insights
Based on property information with market context.
This 1,264-square-foot storefront property at 605 NW 1st Ave is currently in operation as a beauty salon. Its existing commercial setup supports continued salon use, while the building may also suit other business formats identified by the owner, including retail, boutique, office, or mini flea market operations.
The property fronts Hwy 59 in Gravette, placing the building along a high-traffic commercial corridor with direct highway exposure. The owner is willing to lease the building after closing, creating a potential lease arrangement for a buyer. Some salon equipment may convey with an acceptable offer.
The property fronts Hwy 59 in Gravette, placing the building along a high-traffic commercial corridor with direct highway exposure. The owner is willing to lease the building after closing, creating a potential lease arrangement for a buyer. Some salon equipment may convey with an acceptable offer.
Key Highlights
- 1,264‑square‑foot storefront property
- Located on Hwy 59 in Gravette
- Currently operating as a beauty salon
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
$14,379
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
6.12%
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%
$287,580
$287.6K
Cap Rate 7%
$205,414
$205.4K
Cap Rate 9%
$159,767
$159.8K
Market Conditions
NOI Build-Up for 1,264 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
$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 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%
$287,580
Cap Rate 7%
$205,414
Cap Rate 9%
$159,767
Alternative Uses
Best Use
Retail
$205.4K
$179.7K – $239.7K
NOI $14,379 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.4K
$303.9K – $405.3K
NOI $24,315 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
256
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Currently operating as a beauty salon with potential for continued commercial use.
Where is this storefront property located?
The property is located at 605 NW 1st Ave Gravette, AR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,264‑square‑foot storefront property; Located on Hwy 59 in Gravette; Currently operating as a beauty salon
