Flex Office Investment
For Sale
Contact for pricing
Pending
1704 W Industrial Dr, Rogers, AR 72756
A built-in-2000 flex-style office property with flexible layout on 1.41 acres, well-suited for office or light industrial use.
Property Size10,000 SF
Lot Size1.41 Acres
Days on Market65
Property Features for 1704 W Industrial Dr
General Information
Standard status
Pending
Size
10,000 SF
Lot size
1.41 Acres
Property subtype
Retail, Office, Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Tenancy
Multi
Listing Agency:
Sitton Group Realty
(479) 372-4052
Listed By:
Matt Sitton · License #AR PB00077088
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 3 at 3:09AM
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 Sitton Group Realty
Investment Insights
Based on property information with market context.
Market Commons is a 10,000-square-foot office investment property constructed in 2000. The building provides a flexible layout designed to accommodate a variety of office, destination, or light industrial users, supporting multiple business types within one footprint. The property sits on 1.41 acres, offering space for onsite operations and tenant needs consistent with a mixed-use flex environment.
Located at 1704 W Industrial Dr in Rogers, Arkansas, Market Commons is described as having exceptional accessibility. The property is positioned just minutes from I-49 and is situated conveniently between Downtown Rogers and Downtown Bentonville, which can support businesses seeking proximity to established commercial areas.
For tenants, buyers, and operators, the key practical value is the building’s adaptability for different operational formats that fall within office and light industrial parameters. If you are looking for a centrally located flex-style office asset, Market Commons offers a dedicated office investment property with an on-site acreage component and a configuration intended to serve more than one type of user. The property is being offered for sale as an investment, with the flexibility of the existing layout serving as the primary differentiator.
Located at 1704 W Industrial Dr in Rogers, Arkansas, Market Commons is described as having exceptional accessibility. The property is positioned just minutes from I-49 and is situated conveniently between Downtown Rogers and Downtown Bentonville, which can support businesses seeking proximity to established commercial areas.
For tenants, buyers, and operators, the key practical value is the building’s adaptability for different operational formats that fall within office and light industrial parameters. If you are looking for a centrally located flex-style office asset, Market Commons offers a dedicated office investment property with an on-site acreage component and a configuration intended to serve more than one type of user. The property is being offered for sale as an investment, with the flexibility of the existing layout serving as the primary differentiator.
Key Highlights
- 10,000‑SF office investment property at 1704 W. Industrial Drive in Rogers, Arkansas
- Built in 2000 and set on 1.41 acres
- Flexible layout designed to accommodate office, destination, or light industrial users
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
$155,178
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
7.96%
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%
$3,103,560
$3.1M
Cap Rate 7%
$2,216,829
$2.2M
Cap Rate 9%
$1,724,200
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$222.0K $22.20/SF
− Vacancy
−$15.1K −$1.51/SF
EGI
$206.9K $20.69/SF
− OpEx
−$51.7K −$5.17/SF
NOI
$155.2K $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%
$3,103,560
Cap Rate 7%
$2,216,829
Cap Rate 9%
$1,724,200
Alternative Uses
Best Use
Office B
$2.22M
$1.94M – $2.59M
NOI $155,178 @ 7.0% cap · market cap 7.96%
Second Best
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,338 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$2.75M
$2.40M – $3.21M
NOI $192,365 @ 7.0% cap · market cap 9.86%
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
263
Businesses Nearby
Under-served
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
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Frequently Asked Questions
What type of property is this?
Flex space - A built-in-2000 flex-style office property with flexible layout on 1.41 acres, well-suited for office or light industrial use.
Where is this flex space located?
The property is located at 1704 W Industrial Dr Rogers, AR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 10,000‑SF office investment property at 1704 W. Industrial Drive in Rogers, Arkansas; Built in 2000 and set on 1.41 acres; Flexible layout designed to accommodate office, destination, or light industrial users
