Conditioned Flex
For Sale
$900,000
195 N Highway 62, Rogers, AR 72756
COMMERCIAL - Rogers, AR
Property Size5,000 SF
Lot Size2.17 Acres
Price / SF$180
Days on Market43
Property Features for 195 N Highway 62
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Industrial Park
Directions
From I-49, take Exit 86 for US-62/AR-102 toward Rogers. Travel east on US-62 for approximately 2.5 miles. 195 N. Highway 62 will be located on the left, just east of the US-62/AR-102 split.
Standard status
Active
APN
04-00017-000
Size
5,000 SF
Lot size
2.17 Acres
Taxes and HOA fees
Tax Description
PART OF THE NORTHEAST QUARTER (NE1/4) OF THE SOUTHWEST QUARTER (SW1/4) OF SECTION 16, TOWNSHIP 20 NORTH, RANGE 29 WEST, BENTON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS: COMMENCING AT THE SE CORNS OF THE NE 1/4 OF THE SW1/4 OF SAID S ECTI
Tax Annual Amount
4505
Legal Description
PART OF THE NORTHEAST QUARTER (NE1/4) OF THE SOUTHWEST QUARTER (SW1/4) OF SECTION 16, TOWNSHIP 20 NORTH, RANGE 29 WEST, BENTON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS: COMMENCING AT THE SE CORNS OF THE NE 1/4 OF THE SW1/4 OF SAID S ECTI
Building Details
Year built
2002
Listing Agency:
Focus Commercial Real Estate
(479) 254-7000
Listed By:
Palmer Hays · License #SA00088334
(479) 466-8499
Added: Jul 8
Changed: Aug 19
Last Checked: Aug 19 at 1:06PM
MLS# 1355290
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 flex space at 195 N Highway 62 in Rogers, Arkansas, was built in 2002 and includes full HVAC throughout. The property also features one 8' x 8' grade-level overhead door, providing direct ground-level access for commercial operations. Graveled parking serves the site, and the building has a minimum wall height and peak height of 9'.
Key Highlights
- Built in 2002
- Fully conditioned with HVAC throughout
- One 8' x 8' grade‑level overhead door
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
$50,669
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
5.63%
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%
$1,013,380
$1.0M
Cap Rate 7%
$723,843
$723.8K
Cap Rate 9%
$562,989
$563.0K
Market Conditions
NOI Build-Up for 5,000 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
$84.0K $16.80/SF
− Vacancy
−$6.0K −$1.21/SF
EGI
$78.0K $15.59/SF
− OpEx
−$27.3K −$5.46/SF
NOI
$50.7K $10.13/SF
Area
Benton County, AR
Vacancy
7.20%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,013,380
Cap Rate 7%
$723,843
Cap Rate 9%
$562,989
Alternative Uses
Best Use
Flex RnD
$723.8K
$633.4K – $844.5K
NOI $50,669 @ 7.0% cap · market cap 5.63%
Second Best
Warehouse
$326.4K
$285.6K – $380.8K
NOI $22,848 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,182 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Functional commercial space with full HVAC, an overhead door, and graveled parking.
Where is this flex space located?
The property is located at 195 N Highway 62 Rogers, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Built in 2002; Fully conditioned with HVAC throughout; One 8' x 8' grade‑level overhead door
