Multi-Tenant Strip
New
For Sale
$2,000,000
201 Lee Town Road, Pea Ridge, AR 72751
CommercialSale, Pea Ridge, AR
Property Size8,760 SF
Lot Size0.44 Acres
Price / SF$228.31
Days on Market2
Property Features for 201 Lee Town Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Central Business District, Corner Lot, City Lot
Directions
From I-49, northeast on Hwy 72 to Pea Ridge. Property is on the south side of the street.
Standard status
Active
APN
13-00900-000
Size
8,760 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Annual Amount
8125
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2006
Listing Agency:
Steve Fineberg & Associates
(479) 271-4161
Listed By:
Jason Keeling · License #SA00089435
(479) 530-5066
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 3:06AM
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.
Investment Insights
Based on property information with market context.
Located at 201 Lee Town Road in Pea Ridge, this 8,760-square-foot strip mall contains multiple tenant spaces. The property was built in 2006 and has commercial zoning, public water and public sewer, and a parking lot with 26 spaces.
The site fronts Lee Town Road in Pea Ridge, Arkansas. The property information identifies nearby established businesses and ongoing development in the broader Northwest Arkansas area.
The site fronts Lee Town Road in Pea Ridge, Arkansas. The property information identifies nearby established businesses and ongoing development in the broader Northwest Arkansas area.
Key Highlights
- 8,760 square feet with multiple tenant spaces
- 0.44‑acre parcel
- 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.
Property Analytics
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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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Public water and sewer serve this commercial property along Lee Town Road.
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 with multiple tenant spaces; 0.44‑acre parcel; 26 parking spaces
