Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    128 Central Ave Bentonville, AR 72712

    • Commercial land
    • 4,787 SF
    • 0.12 lot acres
    For Sale
    View listing
    $3,990,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0218863
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Meteor Guitar Gallery / Art Gallery / Event Venue

    Property Details for 128 Central Ave

    Lot size
    0.12 lot acres
    Property size
    4,787 SF
    Property type
    Commercial land
    APN
    01-01066-000
    APU
    101066000

    Description

    This exceptional 7,882 square foot building, located at 128 W Central Avenue in Bentonville, Arkansas, presents a unique investment opportunity. Situated just one block from the vibrant Downtown Bentonville Square and the Razorback Greenway Trail, this property enjoys unparalleled access to the city's thriving Arts & Market Districts, including Crystal Bridges Museum, Amazeum, The Momentary, 8th Street Market, and the new Walmart Corporate Headquarters. Currently utilized as a live entertainment and special events venue with some retail space, the building offers significant development potential for restaurant or office uses. The main floor encompasses 4,902 square feet, complemented by a combined 2,980 square feet across the mezzanine and upper floors. Convenient on-street parking and nearby public garages ensure easy accessibility. The property includes alley access on the north side. The current tenant, Meteor Guitar Gallery, operates under a month-to-month lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bentonville
    County
    Benton
    State
    Arkansas
    Longitude
    -94.2099
    Latitude
    36.3726
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,638
    $0.00
    $0.00
    $82,880
    -
    $0.00
    $0.00
    $414,400

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      22nd Se Martin Luther King Jr Pkwy

      VACANT COMMERCIAL LAND • 0.60 Acres
      22nd Se Martin Luther King Jr Pkwy, Bentonville, AR 72712
      View Details
    • Value Estimation by Request
      2.21 Acres

      Nwnw Shrs Loop

      VACANT COMMERCIAL LAND • 2.21 Acres
      Nwnw Shrs Loop, Bentonville, AR 72712
      View Details
    • Value Estimation by Request
      0.48 Acres

      Bentonville, AR 72712

      VACANT COMMERCIAL LAND • 0.48 Acres
      Bentonville, AR 72712
      View Details
    • Value Estimation by Request
      1.94 Acres

      Bentonville, AR 72712

      VACANT COMMERCIAL LAND • 1.94 Acres
      Bentonville, AR 72712
      View Details
    • Value Estimation by Request
      0.06 Acres

      Bentonville, AR 72712

      VACANT COMMERCIAL LAND • 0.06 Acres
      Bentonville, AR 72712
      View Details
    • Value Estimation by Request
      0.34 Acres

      Bentonville, AR 72712

      VACANT COMMERCIAL LAND • 0.34 Acres
      Bentonville, AR 72712
      View Details

    Similar Nearby for Sale

    • $1,350,000
      1 SF

      Bentonville Land Ready to Develop

      Located in the heart of Bentonville, ready-to-develop land.
      Sw Westpark Dr, Bentonville, AR 72712
      View Details
    • $750,000

      Development Ready Acreage in Bentonville

      Flat, clear land in Bentonville medical corridor, ready for development.
      1104 SE 30Th St, Bentonville, AR 72712
      View Details
    • $3,223,440

      Commercial Land Near Walmart Market

      Commercial land with high traffic, strip center potential.
      Highway 102, Bentonville, AR 72712
      View Details
    • $1,478,862

      Prime Land in High-Growth Area

      1.94 acres with high visibility in Bentonville, Arkansas.
      SE J St, Bentonville, AR 72712
      View Details
    • $21,606,487
      58.11 Acres

      Bentonville Land Development Opportunity

      58.11 acres near downtown, I-49 frontage, development potential.
      2703 NE J St, Bentonville, AR 72712
      View Details
    • $995,000
      1.77 Acres

      Bentonville Development Land For Sale

      1.77 acre development land with excellent visibility in growing area.
      SW Regional Airport Blvd, Bentonville, AR 72712
      View Details

    Similar Nearby for Lease

    • $750,000

      Commercial Land For Lease

      0.72 acre commercial land for lease in Bentonville, Arkansas.
      2310 SW 14Th St, Bentonville, AR 72712
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Up to approximately 1 acre of commercial land for lease.
      SE 14Th St, Bentonville, AR 72712
      View Details
    • $17 SF/Yr
      58,400 SF

      Emerald Plaza Office Suites in Bentonville

      Modern Office Space, Flexible Sizes Available
      202-210 Walton Blvd, Bentonville, AR 72712
      View Details
    • $32 SF/Yr
      14,580 SF

      Furnished Loft Office Space

      Fully furnished loft-style office space near Walmart Home Office.
      1007 SW A St, Bentonville, AR 72712
      View Details
    • $21 SF/Yr
      1,667 SF

      Bentonville Office Space Available

      Office space available for lease in Bentonville, Arkansas.
      1707 SW Commerce Dr, Bentonville, AR 72712
      View Details
    • $18 SF/Yr
      1,975 SF

      Bentonville Office Space Available

      Office space available for lease in Bentonville, Arkansas.
      2704 Otis Corley Dr, Bentonville, AR 72712
      View Details
    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.
    128 Central Ave
    Bentonville, AR 72712
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.