Office Condo Near Interstate
For Sale
$930,000
200 20th Street, Rogers, AR 72758
COMMERCIAL - Rogers, AR
Property Size3,120 SF
Lot Size1.34 Acres
Price / SF$298.08
Days on Market1376
Property Features for 200 20th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Lot features
Central Business District, City Lot
Directions
Directions: From the intersection of I-49 & Walnut East on Walnut to S. 20th Street. South on 20th Street to Elmbrooke Plaza. Located on the east side of the street.
Standard status
Active
APN
02-09332-001
Size
3,120 SF
Lot size
1.34 Acres
Taxes and HOA fees
Tax Description
A/K/A ELMBROOKE PLAZA HORIZ PROP REGIME-ROGERS IMP ONLY SITS ON 02-09332-000 MASTER DEED 2006-15495
Tax Annual Amount
1428
Legal Description
A/K/A ELMBROOKE PLAZA HORIZ PROP REGIME-ROGERS IMP ONLY SITS ON 02-09332-000 MASTER DEED 2006-15495
Building Details
Year built
2009
Flooring type
Brick
Listing Agency:
Dick Weaver And Associate Inc
(479) 721-1102
Listed By:
Paul Sandhu · License #SA00055119
(479) 721-5660
Added: Nov 15, 2022
Changed: Aug 19
Last Checked: Aug 22 at 10:06PM
MLS# 1233606
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 offering is an office condo property totaling 3,120 square feet, situated on a 1.34-acre lot. It is presented as a single asset for an owner-user or tenant who values a defined, condo-style commercial space.
The property is located at 200 20th Street in Rogers, Arkansas, with access described as being just off Walnut between I-49 and downtown Rogers. The location positioning is intended to support convenient drives to both the interstate and the downtown area.
For buyers or operators seeking office space in a condo format, the building size supports a range of administrative and professional uses. The property’s established commercial configuration and self-contained ownership structure can be helpful for organizations that prefer direct control of their workplace environment.
The property is located at 200 20th Street in Rogers, Arkansas, with access described as being just off Walnut between I-49 and downtown Rogers. The location positioning is intended to support convenient drives to both the interstate and the downtown area.
For buyers or operators seeking office space in a condo format, the building size supports a range of administrative and professional uses. The property’s established commercial configuration and self-contained ownership structure can be helpful for organizations that prefer direct control of their workplace environment.
Key Highlights
- Unique office condo opportunity.
- Convenient location just off Walnut.
- Proximity to I‑49.
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
$48,416
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
5.21%
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%
$968,320
$968.3K
Cap Rate 7%
$691,657
$691.7K
Cap Rate 9%
$537,956
$538.0K
Market Conditions
NOI Build-Up for 3,120 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
$69.3K $22.20/SF
− Vacancy
−$4.7K −$1.51/SF
EGI
$64.6K $20.69/SF
− OpEx
−$16.1K −$5.17/SF
NOI
$48.4K $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%
$968,320
Cap Rate 7%
$691,657
Cap Rate 9%
$537,956
Alternative Uses
Best Use
Office B
$691.7K
$605.2K – $806.9K
NOI $48,416 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$857.4K
$750.2K – $1.00M
NOI $60,018 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 72758, AR
45,105
Population
18,145
Households
2.5
Avg Household Size
34
Median Age
42%
College-Educated
88%
High-School Grad
31.3 sq mi
ZIP Area
1,441
Density / Sq Mi
$94,605
Median Household Income
$49,856
Median Earnings
$1,300
Median Rent
$358,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - An office condo setting with substantial space, located just off Walnut in Rogers for flexible business use.
Where is this office units located?
The property is located at 200 20th Street Rogers, AR.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Unique office condo opportunity.; Convenient location just off Walnut.; Proximity to I‑49.
