Multi-Tenant Retail
201 Lee Town Road, Pea Ridge, AR 72751
For Sale
$2,000,000
CommercialSale, Pea Ridge, AR
Property Size8,760 SF
Lot Size0.88 Acres
Price / SF$228.31
Days on Market35
Property Features for 201 Lee Town Road
General Information
Property type
Property subtype
Zoning description
Parking features
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Water source
Building Details
Year built
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Jason Keeling · License AR SA00089435
(479) 530-5066
Added: Oct 9
Changed: Oct 14
Last Checked: Nov 12 at 7:06PM
MLS# 1364753
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail center contains 8,760 square feet across multiple tenant spaces on a 0.88-acre parcel. Built in 2006, the property has 26 parking spaces and commercial zoning. Public water and public sewer serve the site.
The property is located at 201 Lee Town Road in Pea Ridge, Arkansas.
The property is located at 201 Lee Town Road in Pea Ridge, Arkansas.
Key Highlights
- 8,760 square feet on a 0.88‑acre parcel
- Multiple tenant spaces
- 26 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,655
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
$2.0M
Cap Rate 7%
$1,423,643
$1.4M
Cap Rate 9%
$1,107,278
$1.1M
Market Conditions
NOI Build-Up for 8,760 SF
Gross rent
$152.4K $17.40/SF
− Vacancy
−$10.1K −$1.15/SF
EGI
$142.4K $16.25/SF
− OpEx
−$42.7K −$4.88/SF
NOI
$99.7K $11.38/SF
Area
Benton County, AR
Vacancy
6.60%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,993,100
Cap Rate 7%
$1,423,643
Cap Rate 9%
$1,107,278
Alternative Uses
Best Use
Retail
$1.42M
$1.25M – $1.66M
NOI $99,655 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,512 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
120k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Groceries 27%
Shops & Services 24%
Home Improvements & Furnishings 5%
Walmart Neighborhood Market
Groceries
32,643 visits/mo
0.3 miles
SONIC Drive In
Dining
14,731 visits/mo
0.2 miles
McDonald's
Dining
14,175 visits/mo
0.2 miles
Wendy's
Dining
9,967 visits/mo
0.4 miles
Dollar Tree
Shops & Services
8,955 visits/mo
0.1 miles
Demographics for 72751, AR
8,361
Population
3,487
Households
2.4
Avg Household Size
34
Median Age
24%
College-Educated
92%
High-School Grad
24.1 sq mi
ZIP Area
347
Density / Sq Mi
$92,173
Median Household Income
$44,510
Median Earnings
$1,395
Median Rent
$258,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Multiple tenant spaces are served by public water and sewer on a commercial site.
Where is this strip mall located?
The property is located at 201 Lee Town Road Pea Ridge, AR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 8,760 square feet on a 0.88‑acre parcel; Multiple tenant spaces; 26 parking spaces
