Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2308 SE 28th Street unit Suite 5 Bentonville, AR 72712

    View on Map
    For Lease
    $24 SF/Yr

    COMMERCIAL - Bentonville, AR

    Type:Retail
    Property size:
    1,500 SF
    Added:
    Feb 24, 2026
    Days on Market:
    42
    Last Refresh:
    Apr 7 at 5:06 pm

    Property Features for 2308 SE 28th Street unit Suite 5

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    1,500 SF

    Taxes and HOA fees

    Expense value
    3000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    Salmonsen Group Realtors

    Listing agent Salmonsen Group Realtors

    Listing office Keller Williams Market Pro Realty Bentonville West 201 SW 14th St. Suite 203, Fayetteville, AR

    Listing date Feb 24, 2026

    MLS# 1336910

    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.

    Overview

    Retail Space in Bentonville, AR

    This +/- 1,500 SF retail space is available for rent in The Shoppes at 28th Street, Bentonville, AR. The space is currently operating as a barber and salon, offering a functional layout suitable for various retail or service users. It features a spacious showroom floor with ample open area for displays or workstations, a private restroom, a utility closet, and a rear access door. The flexible layout is suitable for boutique retail, personal services, wellness concepts, or specialty shops. Located near the intersection of SE 28th St and SE Moberly Ln, the property benefits from approximately 18,000 vehicles per day along SE 28th St, providing visibility and traffic flow. The site is less than 1 mile from the I-49 interchange, approximately half a mile from Sam's Club Home Office, and 1.5 miles from Walmart's new Home Office Campus. This location offers a well-positioned retail space in Bentonville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Daylight Donuts Bakery Reform Chiropractic & Joint ... Alternative Medicine Practice Arkansas Early Learning ... Daycare Center Outlashed by Alyssa Hair Salon

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bentonville
    County
    Benton
    State
    Arkansas
    Longitude
    -94.185836
    Latitude
    36.342014

    Nearby Similar for Lease

    • $29/mo

      Move-in Ready Medical Office Suite

      Recently renovated medical office space in prime Bentonville location.
      706 S Walton Boulevard unit: 8, Bentonville, AR 72712
      View Details
    • $35/mo

      Bentonville Office Space For Rent

      Premier office space centrally located between Bentonville and Rogers.
      3103 SE Moberly Lane, Bentonville, AR 72712
      View Details
    • $12/mo

      Bentonville Warehouse/Flex Space Available

      New 12,000 SF warehouse/flex building near Highway 264.
      1894 E 1st Avenue unit: 1900, Bentonville, AR 72713
      View Details
    • $11/mo

      Heated Warehouse with Office Space

      Warehouse with offices, roll-up doors, and highway access.
      8110 W Ford Springs Road, Bentonville, AR 72712
      View Details
    • $32/mo

      Bentonville Office Space For Rent

      Premium office space in Bentonville's vibrant Haxton District.
      224 2nd Street, Bentonville, AR 72712
      View Details
    • $28/mo

      Retail Space in Signature Plaza

      Highly visible 3,203 SF retail space in thriving Bentonville.
      700 SE Walton Boulevard unit: 6, Bentonville, AR 72712
      View Details
    • $1.00/mo

      Bentonville Office Building For Lease

      88,000 SF office building near Walmart Home Office campus.
      2914 SE I Street, Bentonville, AR 72712
      View Details
    • Contact for pricing

      Bentonville Office Space Available

      Prime Bentonville office space with flexible layout for sale.
      1601 SW A Street, Bentonville, AR 72712
      View Details
    • $26/mo

      Turnkey Bentonville Office Space Available

      Move-in ready office space with utilities included in Bentonville, AR.
      905 SE 28th Street unit: 3, Bentonville, AR 72712
      View Details
    • $26/mo

      Bentonville Office Space For Lease

      Turnkey office space in Oak Trace Office Park, Bentonville.
      909 SE 28th Street unit: Suite 7, Bentonville, AR 72712
      View Details
    • $12/mo

      New Warehouse/Flex Buildings Available

      New warehouse/flex buildings near Highway 264 in Bentonville, AR.
      1894 E 1st Avenue, Bentonville, AR 72713
      View Details
    • Contact for pricing

      Bentonville Office Space For Rent

      Prime Bentonville location, turnkey office space with shared amenities.
      1601 SW A Street, Bentonville, AR 72712
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,500 SF retail space available in The Shoppes at 28th Street.
    Where is this retail space located?
    The property is located at 2308 SE 28th Street unit Suite 5 Bentonville, AR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location with +\/- 18,000 VPD on SE 28th St, providing strong visibility.; Proximity to major employers: less than 1 mile from I‑49, approx. half a mile from Sam's Club Home Office, and 1.5 miles from Walmart's new Home Office Campus.; Flexible 1,500 SF layout suitable for various retail or service businesses.
    (479) 231-1355
    We can help!
    Listing Contact
    Salmonsen Group Realtors
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!