Property profile

15651 Highway 72 W Gravette, AR 72736

FOR SALE
Warehouses
Property ID
US05-0308523
13,693 SF 5.05 ac lot
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11.7-acre commercial property in Gravette, Arkansas, presents a significant development opportunity. Boasting 13,693 square feet of existing building space, the property is strategically located on Highway 72, offering 476 feet of prime road frontage. Its proximity to Interstate 49, approximately 800 feet from Exit 100 and directly across from the future Arkansas Welcome Center, ensures exceptional visibility and accessibility. Daily traffic counts on this section of Highway 72 reach 9,400 vehicles, with 11% being trucks, indicating substantial potential for various commercial ventures. The existing structures include an auto repair shop, a U-Haul rental facility, additional shop space, and ample trailer parking. The property's location offers a unique advantage, situated midway between gas stations and fast-food establishments along this stretch of Interstate 49, where such amenities are spaced considerably further apart (gas stations are 28 miles and 9 exits apart, while fast food is 30 miles apart). The nearest truck stops are 38 miles north and 17 miles south. Convenience stores and restaurants along Highway 72 are a short 8-minute drive. This property's high traffic count, strategic location, and existing infrastructure make it an ideal investment for developers seeking a high-return opportunity in a rapidly growing area. The asking price is $2,250,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 13,693 SF
Lot 5.05 ac (219,978 SF)
APN 11-01580-000
UPID US05-0308523

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
  • Car Rental Facility
  • Building Supply General Contractor

Location

15651 Highway 72 W Gravette, AR 72736
Gravette metro Census 20905 FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$965k
Comparable Approach Comparable
$625k
Blend (final) Blend
$370k

Owner & transaction history

since 2017
2 recorded transactions
2017
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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