New search
Property profile & analytics
OFF-MARKET
Retail space
605 1st NW Ave, Gravette, AR 72736-9779
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0435475
Property summary
AI-generated overview
This 1,264 square foot building, situated on a 0.17-acre lot at 605 1st Avenue in Gravette, Arkansas, presents a unique investment opportunity. Boasting over 80 feet of road frontage on Highway 59, this property benefits from high visibility and an estimated daily traffic count exceeding 6,100 vehicles. The building is industrially zoned, allowing for a variety of uses including storage, assembly, and manufacturing. Currently operating as a hair salon, the property's adaptability extends to office, retail, or professional services. Its location offers easy access to downtown Gravette, a rapidly growing community with a 6.84% population increase since 2020. The building features a brand new radiant heating system and electric HVAC, installed in 2025, ensuring efficient and comfortable climate control. This combination of prime location, versatile zoning, modern amenities, and high traffic volume makes this property an attractive prospect for a wide range of businesses seeking a foothold in a thriving Arkansas community. The asking price is $170,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
1,264 SF
Lot
0.17 ac (7,405 SF)
APN
11-00019-000
UPID
US05-0435475
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Meatin' Place Restaurant
-
Hillcrest Cemetery Cemetery
-
Permanent Cosmetic’s by Alicia polk Medical Clinic Skin Care Clinic
-
Savy Skin Hair Salon Nail Salon
-
ATM Machine at Blended Ends Salon Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hillarie A Dodd · 7 yrs held
Hillarie A Dodd
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gravette submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gravette submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$670
Tax year 2023
Assessed value
$13,650
Assessed 2023
Previous assessed
$13,650
+0.0% YoY
Effective rate
4.91%
On assessed value
Assessed land
$4,000
Assessed improvement
$9,650
Land market value
$20,000
Improvement market value
$48,250
Total market value
$68,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,264 SF
Lot
0.17 ac (7,405 SF)
APN
11-00019-000
UPID
US05-0435475
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Hillarie A Dodd
Individual
Free & Clear · 7 yrs held
Mailing address
12274 LEONARD RD, GRAVETTE, AR 72736-9048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2019
—
Hillarie A Dodd
Dodd,james W
Quit Claim Deed
related
—
Jul 26, 2017
$48,000
Hilarie Dodd
Hamilton,kevin L & Annette
Warranty Deed
$40,000 · Cornerstone Bk
Jul 13, 2016
—
Kevin L Hamilton
—
Deed
related
$28,924 · Bank Of Gravett
May 21, 2007
—
Kevin L Hamilton
—
Trustees Deed
related
$8,235 · Bank Of Gravett
May 5, 2006
—
Kevin L Hamilton
—
Trustees Deed
related
$114,829 · Bank Of Gravett
—
—
Hamilton K L
—
Deed Of Trust
related
$115,043 · Bank Of Gravett
—
—
Kevin L Hamilton
—
Loan Modification
related
$28,924 · Bank Of Gravett
—
—
Hamilton K L
—
Deed Of Trust
related
$8,235 · Bank Of Gravett
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
You own 605 1st NW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
