Multi-Tenant Strip
For Sale
$2,000,000
201 Lee Town Road, Pea Ridge, AR 72751
CommercialSale, Pea Ridge, AR
Property Size8,760 SF
Lot Size0.88 Acres
Price / SF$228.31
Days on Market93
Property Features for 201 Lee Town Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking
26
Parking features
Parking Lot
Security features
Security
Appliances
ElectricWaterHeater
Lot features
Business Park, Central Business District, Corner Lot, City Lot, Near Golf Course
Directions
From Bentonville, travel down hwy 72 toward Pea Ridge. At the Pea Ridge intersection, go straight to Lee Town Road. Taco Bell will be on the right and then the strip mall will be your next structure on the right.
Standard status
Active
APN
13-00900-000
Size
8,760 SF
Lot size
0.88 Acres
Taxes and HOA fees
Tax Description
-
Tax Annual Amount
8625
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Number of units
6
Building materials
Block, MetalSiding, Concrete, Stucco
Roof type
Metal
Listing Agency:
Gibson Real Estate
(479) 267-4427
Listed By:
Jared Smith · License #EB00081015
(479) 426-2848
Added: Jun 15
Changed: Sep 11
Last Checked: Sep 15 at 8:06PM
MLS# 1351970
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.
The property is a multi-tenant strip center containing 8,760 square feet on 0.88 acres. Built in 2005, the improvements feature block, concrete, stucco, and metal siding construction, along with a metal roof. Central electric heating and cooling serve the building, and the site has a dedicated parking lot.
Located at 201 Lee Town Road in Pea Ridge, the center sits next to Taco Bell and within a short walk of the community’s main four-way intersection. Public water and public sewer are available. Additional green space extends the property’s functional area, while a greenhouse and raised garden beds may be included with an acceptable offer.
Located at 201 Lee Town Road in Pea Ridge, the center sits next to Taco Bell and within a short walk of the community’s main four-way intersection. Public water and public sewer are available. Additional green space extends the property’s functional area, while a greenhouse and raised garden beds may be included with an acceptable offer.
Key Highlights
- 8,760‑square‑foot strip center on 0.88 acres
- Multiple tenant spaces within an established retail center
- Built in 2005 with metal roof and block, concrete, stucco, and metal siding construction
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
$99,655
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
4.98%
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%
$1,993,100
$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
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
$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 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%
$1,993,100
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Operational retail center with multiple tenant spaces, supplemental green space, and public water and sewer service.
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‑foot strip center on 0.88 acres; Multiple tenant spaces within an established retail center; Built in 2005 with metal roof and block, concrete, stucco, and metal siding construction
