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    13531 N Mount Pleasant Rd Gravette, AR 72736
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    13531 N Mount Pleasant Rd Gravette, AR 72736

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    • Commercial real estate
    • 1,900 SF
    For Sale
    $4,250,000
    View Listing →
    Prime Development Land in Gravette For Sale
    $4,250,000
    27.13 Acres

    Prime Development Land in Gravette

    27.13 acres with highway frontage and development potential.

    13531 N Mount Pleasant Road, Gravette, AR 72736
    View Listing
    Property ID
    US05-0208531
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 13531 N Mount Pleasant Rd

    Property size
    1,900 SF
    Property type
    Commercial real estate

    Description

    This exceptional 1,900 square foot commercial land parcel in Gravette, Arkansas presents a significant development opportunity. Located at 13531 N Mount Pleasant Road, this property boasts 1,123 feet of highway frontage on AR HWY 72, experiencing 9,400 vehicles daily, with 11% being trucks. Its strategic position offers unparalleled visibility and accessibility, situated approximately 800 feet from Interstate 49 Exit 100 and adjacent to the future Arkansas Welcome Center. The high traffic counts, driven by the proximity to I-49 and AR HWY 72, make this an ideal location for various commercial ventures. The property's current improvements include two older rental houses and outbuildings on a level, cleared pasture. Noteworthy is the significant distance to competing businesses: gas stations are spaced 28 miles apart, and fast-food establishments are 30 miles apart, highlighting the unique opportunity this location presents. The nearest truck stops are 38 miles north and 17 miles south. The closest chain gas stations and restaurants along HWY 72 are a convenient 8-minute drive. The asking price for this prime commercial land is $4,340,800. This property is zoned for commercial use and offers substantial potential for growth and return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gravette
    County
    benton
    State
    Arkansas
    Longitude
    -94.3746207
    Latitude
    36.4313599

    Comparable in this City

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      Gravette Commercial Land For Sale

      13.16 acre commercial land with highway frontage in Gravette, AR.
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      Gravette Land with Highway Frontage

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    • $4,250,000
      27.13 Acres

      Prime Development Land in Gravette

      27.13 acres with highway frontage and development potential.
      13531 N Mount Pleasant Rd, Gravette, AR 72736
      View Details
    • $267,050
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      Gravette, AR Land Opportunity

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    Similar Nearby for Sale

    • $660,000
      40.00 Acres

      40 Acres of Versatile Land

      Open, gently rolling land ideal for livestock or recreation.
      Benson & Graham Rd, Gravette, AR 72736
      View Details
    • $2,800,000
      13.16 Acres

      Gravette Commercial Land For Sale

      13.16 acre commercial land with highway frontage in Gravette, AR.
      Highway 72, Gravette, AR 72736
      View Details
    • $138,795
      4.87 Acres

      Gravette Land with Highway Frontage

      4.87 acres with highway frontage, development potential in Gravette, AR.
      Highway 72 W, Gravette, AR 72736
      View Details
    • $4,250,000
      27.13 Acres

      Prime Development Land in Gravette

      27.13 acres with highway frontage and development potential.
      13531 N Mount Pleasant Rd, Gravette, AR 72736
      View Details
    • $267,050
      7.63 Acres

      Gravette, AR Land Opportunity

      7.63 acre lot ready for your dream home!
      Amelia Ct, Gravette, AR 72736
      View Details
    • $175,000
      Pending

      Residential Land in Gravette, AR

      5.11 acres for building a future home.
      Shipe Rd, Gravette, AR 72736
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      131,551 SF

      Gravette, AR Commercial Opportunity

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    • $9 SF/Yr
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      Historic building ideal for retail, office, restaurant, or event venue.
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      Historic Downtown Building for Lease

      Historic building in downtown Gravette, ideal for retail or office.
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    • $14 SF/Yr
      9,375 SF

      Industrial Space with Roll-Up Doors

      Industrial space featuring roll-up doors, convenient access, and yard space.
      12972 Grant Pl, Gravette, AR 72736
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    Gravette, AR 72736
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    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.

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    13531 N Mount Pleasant Rd, Gravette, AR, 72736
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