Property profile

1060 1St Ave Gravette, AR 72736

FOR SALE
Warehouses
Property ID
US05-0354605
9,700 SF 0.68 ac lot
Trust Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Gravette, AR property offers a unique blend of industrial and residential space, spanning a substantial 25,211 square feet on a 2.12-acre lot. The property features a well-designed layout ideal for a variety of uses, including warehousing, manufacturing, and office operations. A significant portion of the space consists of a climate-controlled warehouse totaling 12,000 square feet. This area is thoughtfully divided into a welcoming lobby, convenient restrooms, functional offices, a practical kitchenette, ample storage rooms, and a large, open display floor perfect for showcasing products or equipment. Access is provided by two overhead doors, each with its own loading dock, ensuring efficient loading and unloading operations. An additional 9,700 square feet of open warehouse space is also available, equipped with two restrooms and two overhead doors with loading docks. Adding to the versatility of this property is a 1,697 square foot four-car garage, conveniently connected to the main building via a breezeway. The property also includes a 1,697 square foot apartment on the second floor, offering a comfortable living space with a living area, kitchen, two bedrooms, one bathroom, and laundry facilities. The property boasts newer TPO roofs and four newer furnaces, ensuring both energy efficiency and low maintenance costs. This property presents a significant opportunity for investors and businesses seeking a versatile and well-maintained space in a growing area. The combination of industrial space and residential accommodation offers potential for rental income and diverse operational possibilities. Priced at $1,700,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 9,700 SF
Lot 0.68 ac (29,621 SF)
APN 11-00404-000
UPID US05-0354605

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Industrial Manufacturer Production Facility

Location

1060 1St Ave Gravette, AR 72736
Gravette metro Census 20905 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
$680k
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2018
7 recorded transactions
2018
$430,000
2018
$350,000
2016
Price N/A
2008
$291,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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