Open-Plan Office
For Sale
$350,000
Pending
136 W Pickens Road, Pea Ridge, AR 72751
Flexible commercial layout suitable for continued office use or reconfiguration into multiple private work areas.
Property Size2,000 SF
Days on Market71
Property Features for 136 W Pickens Road
General Information
Standard status
Pending
Size
2,000 SF
Building Details
Abandoned
No
Listing Agency:
Gibson Real Estate
(479) 267-4427
Listed By:
Jared Smith · License #EB00081015
(479) 426-2848
Source:
Connectrealtynwa
Added: Aug 7
Changed: Oct 7
Last Checked: Oct 16 at 8:17AM
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 Gibson Real Estate
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Investment Insights
Based on property information with market context.
Located at 136 W Pickens Rd in downtown Pea Ridge, this 2,000-square-foot office building is currently occupied by a law practice. The interior is primarily open, providing a straightforward foundation for continued professional office use or a customized arrangement of private rooms.
The existing commercial layout can also support retail, showroom, warehouse, studio, and other business applications identified for the property. The operating business requires showings to be arranged in advance to accommodate daily operations.
The existing commercial layout can also support retail, showroom, warehouse, studio, and other business applications identified for the property. The operating business requires showings to be arranged in advance to accommodate daily operations.
Key Highlights
- 2,000 SF office building at 136 W Pickens Rd
- Currently operating as a law office
- Mostly open interior layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,036
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$620,720
$620.7K
Cap Rate 7%
$443,371
$443.4K
Cap Rate 9%
$344,844
$344.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$44.4K $22.20/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$41.4K $20.69/SF
− OpEx
−$10.3K −$5.17/SF
NOI
$31.0K $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 Rate 5%
$620,720
Cap Rate 7%
$443,371
Cap Rate 9%
$344,844
Alternative Uses
Best Use
Office B
$443.4K
$388.0K – $517.3K
NOI $31,036 @ 7.0% cap · market cap 8.87%
Second Best
Flex RnD
$289.5K
$253.4K – $337.8K
NOI $20,268 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$549.6K
$480.9K – $641.2K
NOI $38,473 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout suitable for continued office use or reconfiguration into multiple private work areas.
Where is this office building located?
The property is located at 136 W Pickens Road Pea Ridge, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,000 SF office building at 136 W Pickens Rd; Currently operating as a law office; Mostly open interior layout
