Rogers Historical Downtown Office
119 S 2nd Street Rogers, AR 72756
For Sale
$2,300,000
SINGLE_FAMILY - Rogers, AR
Property Size11,600 SF
Lot Size0.20 Acres
Price / SF$198.28
Days on Market96
Property Features for 119 S 2nd Street
General Information
Property type
Residential
Property subtype
Office
Standard status
Active
APN
02-02225-000
Size
11,600 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
PLAT 3/14/1881 B-128 L10 EXC SE C N 30' ETC PT L11 BEG 69'E SW C ETC
Tax Annual Amount
8721
Building Details
Year built
1987
Listing Agency:
Keller Williams Market Pro Realty - Rogers Branch
(479) 718-2800
Listed By:
The Duley Group
(479) 616-4663
Added: Apr 24
Changed: Jul 28
Last Checked: Jul 28 at 4:06AM
MLS# 1343793
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.
Located in the heart of Rogers Historical Downtown, this 11,600 square foot, two-story office building offers a space designed to enhance business operations. The property features expansive office layouts and high-end wood finishes. Natural light fills the building, creating a bright work environment on both levels. The flexible layout includes large offices, balancing privacy and collaboration. The roof was replaced in 2025. An additional lot with six parking spaces is included, offering additional investment opportunities. The property could be used as an upscale office building, boutique hotel, or wellness clinic.
Key Highlights
- Prime location in the heart of Rogers Historical Downtown.
- Large 11,600 SF two‑story office building with flexible layout.
- High‑end wood finishes and abundant natural light create a professional and inviting environment.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $257.5k | $22.20 |
| − Vacancy | −$17.5k | −$1.51 |
| EGI | $240.0k | $20.69 |
| − OpEx | −$60.0k | −$5.17 |
| NOI | $180.0k | $15.52 |
11,600 SF · lease $22.20/SF/yr · vacancy 6.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $180,006 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,143 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story, 11,600 SF office building in Rogers Historical Downtown.
Where is this office building located?
The property is located at 119 S 2nd Street Rogers, AR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime location in the heart of Rogers Historical Downtown.; Large 11,600 SF two‑story office building with flexible layout.; High‑end wood finishes and abundant natural light create a professional and inviting environment.
