Remodeled Medical Office
For Sale
$899,000
200 S 20th Street, Rogers, AR 72758
CommercialSale, Rogers, AR
Property Size3,000 SF
Price / SF$299.67
Days on Market87
Property Features for 200 S 20th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Central Business District, Corner Lot
Directions
From W. walnut St turn onto S 20th St & the building is on the corner or 20th St & Elm St.
Standard status
Active
APN
02-09332-003
Size
3,000 SF
Taxes and HOA fees
Tax Description
See extended legal
Legal Description
See extended legal
Building Details
Year built
2006
Floors in Building
1
Flooring type
Simulatedwood, Laminate
Listing Agency:
Lindsey & Associates Inc
(479) 521-6611
Listed By:
Jeff Pederson · License #SA00067378
(479) 856-2233
Added: May 29
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 1348891
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 3,000-square-foot medical office suite is arranged for clinical use within a multi-tenant building. The layout includes 9 offices or exam rooms, with 7 equipped with sinks, along with 5 bathrooms, a reception desk, and a waiting area. A break room with kitchenette, storage closet, and attic storage provide additional support space.
The suite has undergone comprehensive updates, including new flooring, paint, hardware, lighting fixtures, countertops, and painted cabinets. Additional improvements include new toilets, a roof installed in 2021, and refreshed deck and fence areas. The property was built in 2006 and is located at 200 S 20th Street in Rogers, Arkansas.
The suite has undergone comprehensive updates, including new flooring, paint, hardware, lighting fixtures, countertops, and painted cabinets. Additional improvements include new toilets, a roof installed in 2021, and refreshed deck and fence areas. The property was built in 2006 and is located at 200 S 20th Street in Rogers, Arkansas.
Key Highlights
- 3,000 SF medical office suite in a multi‑tenant building
- 9 offices or exam rooms, including 7 plumbed with sinks
- 5 bathrooms plus dedicated reception and waiting areas
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
$46,553
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
5.18%
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%
$931,060
$931.1K
Cap Rate 7%
$665,043
$665.0K
Cap Rate 9%
$517,256
$517.3K
Market Conditions
NOI Build-Up for 3,000 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
$66.6K $22.20/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$62.1K $20.69/SF
− OpEx
−$15.5K −$5.17/SF
NOI
$46.6K $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%
$931,060
Cap Rate 7%
$665,043
Cap Rate 9%
$517,256
Alternative Uses
Best Use
Office B
$665.0K
$581.9K – $775.9K
NOI $46,553 @ 7.0% cap · market cap 5.18%
Second Best
Healthcare Medical
$518.8K
$453.9K – $605.2K
NOI $36,314 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$824.4K
$721.4K – $961.8K
NOI $57,709 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Under-served
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for clinical operations with multiple plumbed exam rooms, private offices, patient reception, and support areas.
Where is this medical office space located?
The property is located at 200 S 20th Street Rogers, AR.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3,000 SF medical office suite in a multi‑tenant building; 9 offices or exam rooms, including 7 plumbed with sinks; 5 bathrooms plus dedicated reception and waiting areas
