Class B Office
For Sale
$4,300,000
1114 Poplar Place, Rogers, AR 72756
Four-parcel corner property with fully leased office space near historic downtown Rogers.
Property Size14,448 SF
Days on Market11
Property Features for 1114 Poplar Place
General Information
Standard status
Active
Size
14,448 SF
Class
Class B
Property subtype
Office
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$6,338
Building Details
Building Size
14,448 SF
Buildings
1
Tenancy
Single
Listing Agency:
The Griffin Company Commercial Division-Springdale
(479) 871-4366
Listed By:
Joel Treat · License #EB00063167
(479) 871-4366
Source:
1percentlistsarkansas
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 19 at 4:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Griffin Company Commercial Division-Springdale
Investment Insights
Based on property information with market context.
This Class B office property at 1114 Poplar Place comprises four parcels identified by parcel numbers 02-01300-000, 02-01301-000, 02-01302-000, and 02-01303-000. The office improvements contain over 7600 SF and are fully leased. The current occupant is Rogers public library, providing an established institutional use within the building.
The property is positioned on a corner lot measuring .83 ac +/-, less than 1 mile from Historic downtown Rogers. Its combination of office improvements, multiple parcels, and a fully leased occupancy profile creates a defined commercial property offering in the Rogers market.
The property is positioned on a corner lot measuring .83 ac +/-, less than 1 mile from Historic downtown Rogers. Its combination of office improvements, multiple parcels, and a fully leased occupancy profile creates a defined commercial property offering in the Rogers market.
Key Highlights
- Over 7600 SF of office space
- Fully leased office building
- Class B office property
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
$224,201
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
5.21%
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%
$4,484,020
$4.5M
Cap Rate 7%
$3,202,871
$3.2M
Cap Rate 9%
$2,491,122
$2.5M
Market Conditions
NOI Build-Up for 14,448 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
$320.7K $22.20/SF
− Vacancy
−$21.8K −$1.51/SF
EGI
$298.9K $20.69/SF
− OpEx
−$74.7K −$5.17/SF
NOI
$224.2K $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%
$4,484,020
Cap Rate 7%
$3,202,871
Cap Rate 9%
$2,491,122
Alternative Uses
Best Use
Office B
$3.20M
$2.80M – $3.74M
NOI $224,201 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,929 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
980
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 - Four-parcel corner property with fully leased office space near historic downtown Rogers.
Where is this office building located?
The property is located at 1114 Poplar Place Rogers, AR.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: Over 7600 SF of office space; Fully leased office building; Class B office property
