Office Building with Private
For Sale
$4,000,000
Pending
1700 Industrial Drive, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size21,693 SF
Lot Size2.69 Acres
Days on Market485
Property Features for 1700 Industrial Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking
100
Parking features
Parking Lot
Security features
Security
Lot features
Business Park, Central Business District, Cul De Sac, City Lot, Near Golf Course, Industrial Park
Directions
From Hudson take N 17th St to W Industrial Drive
Standard status
Pending
APN
02-14319-000
Size
21,693 SF
Lot size
2.69 Acres
Taxes and HOA fees
Tax Description
PLAT 8/06/1997 23L-25
Tax Annual Amount
20588
Legal Description
PLAT 8/06/1997 23L-25
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private bathrooms
kitchenettes
full kitchen
carpet floor tiles
tiled bathrooms
LED lighting
secure key fob access
walkable landscaped areas
Building Details
Year built
1998
Floors in Building
2
Flooring type
Tile, Carpet
Building materials
Brick
Listing Agency:
REMAX Real Estate Results · RE/MAX International
(479) 271-9595
Listed By:
Donna Speed · License #SA00082370
(479) 366-7921
Added: May 13, 2025
Changed: Aug 22
Last Checked: Sep 9 at 8:06AM
MLS# 1307282
Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 21,693-square-foot office building at 1700 Industrial Drive in Rogers includes suites A through H, all currently occupied. Constructed in 1998 with brick exterior construction, the property provides individual kitchenettes throughout, including a full kitchen in one suite. Each suite has a private bathroom, with his-and-her restroom arrangements in most suites and multiple stalls in some. Interior finishes include carpet floor tiles, tiled bathrooms, and LED lighting. Three suites are equipped with secure key fob access systems.
The building occupies a 2.69-acre, tree-lined lot with a paved parking lot and landscaped areas suitable for walking. It is located minutes from the Walmart Home Office in Rogers, Benton County, Arkansas. Building systems include natural gas heating, central air conditioning, and public water service. The property is offered for sale as an occupied office asset with multiple separately configured suites.
The building occupies a 2.69-acre, tree-lined lot with a paved parking lot and landscaped areas suitable for walking. It is located minutes from the Walmart Home Office in Rogers, Benton County, Arkansas. Building systems include natural gas heating, central air conditioning, and public water service. The property is offered for sale as an occupied office asset with multiple separately configured suites.
Key Highlights
- 21,693‑square‑foot office building on 2.69 acres
- Suites A‑H are fully occupied
- Individual kitchenettes in each suite, including one full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$336,628
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,732,560
$6.7M
Cap Rate 7%
$4,808,971
$4.8M
Cap Rate 9%
$3,740,311
$3.7M
Market Conditions
NOI Build-Up for 21,693 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$481.6K $22.20/SF
− Vacancy
−$32.7K −$1.51/SF
EGI
$448.8K $20.69/SF
− OpEx
−$112.2K −$5.17/SF
NOI
$336.6K $15.52/SF
Area
Benton County, AR
Vacancy
6.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,732,560
Cap Rate 7%
$4,808,971
Cap Rate 9%
$3,740,311
Alternative Uses
Best Use
Office B
$4.81M
$4.21M – $5.61M
NOI $336,628 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.96M
$5.22M – $6.95M
NOI $417,297 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Explore this area
Business Placement
Demographics for 72756, AR
41,875
Population
17,225
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
86%
High-School Grad
129.9 sq mi
ZIP Area
322
Density / Sq Mi
$70,900
Median Household Income
$37,510
Median Earnings
$914
Median Rent
$243,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied suites offer individual kitchenettes, dedicated restrooms, and paved parking on a landscaped commercial property.
Where is this office building located?
The property is located at 1700 Industrial Drive Rogers, AR.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 21,693‑square‑foot office building on 2.69 acres; Suites A‑H are fully occupied; Individual kitchenettes in each suite, including one full kitchen
