Two-Building Office
For Sale
$4,950,000
2003 & 2005 SE Walton Boulevard, Bentonville, AR 72712
SINGLE_FAMILY - Bentonville, AR
Property Size18,285 SF
Price / SF$270.71
Days on Market135
Property Features for 2003 & 2005 SE Walton Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Corner Lot, City Lot
Directions
Corner of SE Walton Blvd and Medical Center Pkwy
Standard status
Active
APN
01-09230-000
Size
18,285 SF
Taxes and HOA fees
Tax Description
PLAT P3-327, P3-327A, P3-327B, REPLAT 5.22.02 P4-733. REPLAT 2006-1306 10/25/2006
Legal Description
PLAT P3-327, P3-327A, P3-327B, REPLAT 5.22.02 P4-733. REPLAT 2006-1306 10/25/2006
Building Details
Year built
2004
Listing Agency:
Moses Tucker Partners-Bentonville Branch
(479) 271-6118
Listed By:
Garrett Washington · License #SA00097040
(417) 274-0421
Added: Apr 2
Changed: Aug 13
Last Checked: Aug 14 at 4:06PM
MLS# 1341513
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 office portfolio includes two properties at 2003 and 2005 SE Walton Boulevard, totaling 18,285 square feet. The 2003 building is fully occupied, while the 2005 building is vacant. Both properties were built in 2004 and include parking-lot parking.
The buildings occupy the signalized intersection of Medical Center Parkway and SE Walton Boulevard, with approximately 288 linear feet of frontage along SE Walton Boulevard. The location records approximately 47,200 vehicles per day and sits 0.3 miles from I-49. Nearby services and destinations include Northwest Medical Center Hospital, Walmart's global headquarters, retail, dining, lodging, and medical businesses.
The buildings occupy the signalized intersection of Medical Center Parkway and SE Walton Boulevard, with approximately 288 linear feet of frontage along SE Walton Boulevard. The location records approximately 47,200 vehicles per day and sits 0.3 miles from I-49. Nearby services and destinations include Northwest Medical Center Hospital, Walmart's global headquarters, retail, dining, lodging, and medical businesses.
Key Highlights
- 18,285‑square‑foot office portfolio at 2003 and 2005 SE Walton Boulevard
- 2003 SE Walton Boulevard is fully occupied; 2005 SE Walton Boulevard is vacant
- Signalized corner at Medical Center Parkway and SE Walton Boulevard
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
$283,743
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
5.73%
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%
$5,674,860
$5.7M
Cap Rate 7%
$4,053,471
$4.1M
Cap Rate 9%
$3,152,700
$3.2M
Market Conditions
NOI Build-Up for 18,285 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
$405.9K $22.20/SF
− Vacancy
−$27.6K −$1.51/SF
EGI
$378.3K $20.69/SF
− OpEx
−$94.6K −$5.17/SF
NOI
$283.7K $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%
$5,674,860
Cap Rate 7%
$4,053,471
Cap Rate 9%
$3,152,700
Alternative Uses
Best Use
Office B
$4.05M
$3.55M – $4.73M
NOI $283,743 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.02M
$4.40M – $5.86M
NOI $351,739 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 72712, AR
38,053
Population
16,245
Households
2.3
Avg Household Size
34
Median Age
49%
College-Educated
94%
High-School Grad
51.8 sq mi
ZIP Area
735
Density / Sq Mi
$102,073
Median Household Income
$56,675
Median Earnings
$1,197
Median Rent
$401,300
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?
Office building - One building is occupied, while the second is vacant for new occupancy.
Where is this office building located?
The property is located at 2003 & 2005 SE Walton Boulevard Bentonville, AR.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 18,285‑square‑foot office portfolio at 2003 and 2005 SE Walton Boulevard; 2003 SE Walton Boulevard is fully occupied; 2005 SE Walton Boulevard is vacant; Signalized corner at Medical Center Parkway and SE Walton Boulevard
