Open-Plan Flex
For Sale
$350,000
136 W Pickens Road, Pea Ridge, AR 72751
CommercialSale, Pea Ridge, AR
Property Size2,000 SF
Lot Size0.07 Acres
Price / SF$175
Days on Market49
Property Features for 136 W Pickens Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
Central Business District
Directions
From i49, take exit 88A for AR-72 E/East Central Ave 0.3 mi, Turn right onto AR-72 EPass by Dollar General (on the right in 6.1 mi) 6.5 mi, Turn left onto N Curtis AvePass by McDonald's (on the left) 0.8 mi, Turn left onto W Pickens RdDestination will be on the right 0.1 mi
Standard status
Active
APN
13-00375-000
Size
2,000 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
Lot 9 Block 1 Original Pea Ridge
Tax Annual Amount
746
Legal Description
Lot 9 Block 1 Original Pea Ridge
Listing Agency:
Gibson Real Estate
(479) 267-4427
Listed By:
Jared Smith · License #EB00081015
(479) 426-2848
Added: Aug 3
Changed: Sep 1
Last Checked: Sep 20 at 6:06AM
MLS# 1357522
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 2,000-square-foot flex space at 136 W Pickens Road is currently configured as a law office and provides a predominantly open interior. The existing layout can support continued office use or be redesigned into private offices, retail, showroom, warehouse, studio, or other commercial space as permitted.
The property occupies 0.07 acres in downtown Pea Ridge, AR, within Benton County. Its address places the building in the city’s historic downtown area, where the surrounding district includes businesses, events, and ongoing community investment. The operating business requires showings to be arranged in advance.
The property occupies 0.07 acres in downtown Pea Ridge, AR, within Benton County. Its address places the building in the city’s historic downtown area, where the surrounding district includes businesses, events, and ongoing community investment. The operating business requires showings to be arranged in advance.
Key Highlights
- 2,000 square feet of commercial building area
- 0.07‑acre property in downtown Pea Ridge
- Mostly open interior layout
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
$31,036
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
8.87%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Mostly open layout currently configured for professional office use.
Where is this flex space 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 square feet of commercial building area; 0.07‑acre property in downtown Pea Ridge; Mostly open interior layout
