Flex Space with Covered Work
For Sale
$699,900
5203 Highway 94, Rogers, AR 72756
CommercialSale, Rogers, AR
Property Size3,040 SF
Lot Size0.98 Acres
Price / SF$230.23
Days on Market120
Property Features for 5203 Highway 94
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
12
Exterior features
Storage
Directions
From I-49, take Exit 86, East on Hudson Rd, Left on Hwy 94, Property is on the Right.
Standard status
Active
APN
18-07420-001
Size
3,040 SF
Lot size
0.98 Acres
Taxes and HOA fees
Tax Description
PT NE SE SE/C N02*E1200.25N02*E380.10 S89* W363.86 TO POB W179.55S89*W239.58N240 TO POB
Tax Annual Amount
4130
Legal Description
PT NE SE SE/C N02*E1200.25N02*E380.10 S89* W363.86 TO POB W179.55S89*W239.58N240 TO POB
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public, Well
Building Details
Year built
2006
Floors in Building
1
Flooring type
Carpet, Concrete, Tile
Building materials
Brick, MetalSiding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
eXp Realty NWA Branch
(866) 720-5056
Listed By:
John Hurley · License #SA00098758
(479) 657-8353
Added: May 6
Changed: Aug 31
Last Checked: Sep 2 at 4:06AM
MLS# 1345332
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 3,040-square-foot flex property, built in 2006, occupies an approximately +/- 0.98-acre site at 5203 Highway 94 in Rogers. The building combines a flexible front area for showroom, workspace, or reception use with two private offices and a restroom. Brick and metal siding, concrete and carpet flooring, central air, and a metal roof support a practical commercial configuration.
Outdoor utility includes a recently poured concrete area along the south side, with much of that space covered for storage or work activities. A small rear outbuilding provides additional storage. The property is served by public water and a well, with septic service, and offers a layout that accommodates contractor, light industrial, storage, and service-oriented operations.
Outdoor utility includes a recently poured concrete area along the south side, with much of that space covered for storage or work activities. A small rear outbuilding provides additional storage. The property is served by public water and a well, with septic service, and offers a layout that accommodates contractor, light industrial, storage, and service-oriented operations.
Key Highlights
- 3,040 square feet of flex space on approximately +/- 0.98 acres
- Flexible front area plus two private offices and a restroom
- Recently poured south‑side concrete area, much of it covered
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
$47,174
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
6.74%
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%
$943,480
$943.5K
Cap Rate 7%
$673,914
$673.9K
Cap Rate 9%
$524,156
$524.2K
Market Conditions
NOI Build-Up for 3,040 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
$67.5K $22.20/SF
− Vacancy
−$4.6K −$1.51/SF
EGI
$62.9K $20.69/SF
− OpEx
−$15.7K −$5.17/SF
NOI
$47.2K $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%
$943,480
Cap Rate 7%
$673,914
Cap Rate 9%
$524,156
Alternative Uses
Best Use
Office B
$673.9K
$589.7K – $786.2K
NOI $47,174 @ 7.0% cap · market cap 6.74%
Second Best
Flex RnD
$440.1K
$385.1K – $513.5K
NOI $30,807 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$835.4K
$731.0K – $974.7K
NOI $58,479 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial layout with offices, a restroom, and substantial outdoor storage and work space.
Where is this flex space located?
The property is located at 5203 Highway 94 Rogers, AR.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 3,040 square feet of flex space on approximately +/- 0.98 acres; Flexible front area plus two private offices and a restroom; Recently poured south‑side concrete area, much of it covered
