Commercial Land with Existing
For Sale
$1,100,000
2929 W Walnut Street, Rogers, AR 72756
COMMERCIAL - Rogers, AR
Property Size3,120 SF
Lot Size1.20 Acres
Price / SF$352.56
Days on Market43
Property Features for 2929 W Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Commercial
Parking
4
Parking features
Parking Lot
Security features
Security
Exterior features
Storage
Appliances
ElectricWaterHeater
Lot features
City Lot
Directions
From I-49 exit 85 E on Walnut 71B approx. 1.1 mi. Property located on the left/north side of Walnut.
Standard status
Active
APN
02-00895-000
Size
3,120 SF
Lot size
1.20 Acres
Taxes and HOA fees
Tax Description
PART OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 10, TOWNSHIP 19 NORTH, RANGE 30 WEST OF THE FIFTH PRINCIPAL MERIDIAN, ROGERS, BENTON COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE SE/4 OF THE NW/4 OF SA
Tax Annual Amount
4393
Legal Description
PART OF THE SOUTHEAST QUARTER OF THE NORTHWEST QUARTER OF SECTION 10, TOWNSHIP 19 NORTH, RANGE 30 WEST OF THE FIFTH PRINCIPAL MERIDIAN, ROGERS, BENTON COUNTY, ARKANSAS, DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF THE SE/4 OF THE NW/4 OF SA
Utilities
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air, Electric, Attic Fan, Heat Pump
Water source
Well, Public
Amenities
grease interceptor
all electric
gas available
city water
well water
additional storage units
Building Details
Floors in Building
2
Flooring type
Tile, Wood, Brick, Laminate
Building materials
Brick, LogSiding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Harris McHaney & Faucette-Rogers
(479) 696-0600
Listed By:
NuRi Jeong · License #SA00077106
(479) 899-4224
Added: Jul 15
Changed: Aug 19
Last Checked: Aug 26 at 7:06PM
MLS# 1355432
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 1.2-acre commercial land parcel includes an existing 3,120-square-foot brick and log-sided building that can serve office or retail functions. The property also has two rear storage units, a parking lot, tile, wood, brick, and laminate flooring, plus central air and electric heat-pump systems. A 250 GB grease interceptor is available on site, and the property has electric service with gas available on site.
The parcel fronts Walnut St. and is approximately 1 mile from I-49, near a major shopping district in Rogers. Water sources include both public and well water. The stated development concepts include retail commercial, mixed-use, and residential applications. The building has a shingle roof, while exterior storage is also identified among the property features.
The parcel fronts Walnut St. and is approximately 1 mile from I-49, near a major shopping district in Rogers. Water sources include both public and well water. The stated development concepts include retail commercial, mixed-use, and residential applications. The building has a shingle roof, while exterior storage is also identified among the property features.
Key Highlights
- 1.2‑acre commercial land parcel with major road frontage on Walnut St.
- Existing 3,120 SF building identified for office or retail use
- Approximately 1 mile from I‑49 and near a major Rogers shopping district
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
$48,416
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
4.40%
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%
$968,320
$968.3K
Cap Rate 7%
$691,657
$691.7K
Cap Rate 9%
$537,956
$538.0K
Market Conditions
NOI Build-Up for 3,120 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
$69.3K $22.20/SF
− Vacancy
−$4.7K −$1.51/SF
EGI
$64.6K $20.69/SF
− OpEx
−$16.1K −$5.17/SF
NOI
$48.4K $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%
$968,320
Cap Rate 7%
$691,657
Cap Rate 9%
$537,956
Alternative Uses
Best Use
Office B
$691.7K
$605.2K – $806.9K
NOI $48,416 @ 7.0% cap · market cap 4.40%
Second Best
Retail
$507.0K
$443.7K – $591.6K
NOI $35,493 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,018 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
538
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?
Commercial land - Road-front commercial tract with an office or retail structure, rear storage, and access to public and well water.
Where is this commercial land located?
The property is located at 2929 W Walnut Street Rogers, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1.2‑acre commercial land parcel with major road frontage on Walnut St.; Existing 3,120 SF building identified for office or retail use; Approximately 1 mile from I‑49 and near a major Rogers shopping district
