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    Retail Space in Growing Area Title is generated by Realmo AI

    203 E Pickens Road, Pea Ridge, AR 72751

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    New
    For Lease
    $18 SF/Yr $2,373/Mo (calc)

    COMMERCIAL - Pea Ridge, AR

    Type:Retail
    Property size:
    1,582 SF
    Lot size:
    0.16 Acres
    Added:
    May 18, 2026
    Days on Market:
    5
    Last Refresh:
    May 22 at 3:06 am

    Property Features for 203 E Pickens Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Size
    1,582 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1001
    Expense value
    2300
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Garrett Washington

    Listing agent Garrett Washington License #SA00097040

    Listing office Moses Tucker Partners-Bentonville Branch 805 S Walton Blvd. Ste 123, Bentonville, AR

    Listing date May 18, 2026

    MLS# 1347869

    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.

    HighLights

    • All new mechanical and electrical infrastructure.
    • Highly visible location at the intersection of E Pickens Rd and Hwy 94 (17,000 vehicles per day).
    • Located across the street from Pea Ridge Veterans Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre‑K.
    • Strong growth area with new Walmart Supercenter, Tractor Supply store, and disc golf course planned.
    • Endless possibilities for the next owner.
    • Location coordinates: [-94.1143,36.45366].

    Overview

    This commercial space, located in Pea Ridge, Arkansas, offers a total area of 1582 square feet and is situated on a 0.16-acre lot. The property benefits from all-new mechanical and electrical infrastructure. Its location offers high visibility near the intersection of E Pickens Rd and Hwy 94, which sees approximately 17,000 vehicles per day. The property is located across the street from the Pea Ridge Veterans Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre-K. Pea Ridge is experiencing strong growth, with upcoming developments including a Walmart Supercenter, a Tractor Supply store, and a championship-level disc golf course.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pea Ridge
    County
    Benton
    State
    Arkansas
    Longitude
    -94.11427
    Latitude
    36.453773

    Nearby Similar for Lease

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      Retail Space in Pea Ridge

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    • $3 SF/Yr
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      Pea Ridge Retail/Office Space

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility in growing Pea Ridge.
    Where is this retail space located?
    The property is located at 203 E Pickens Road Pea Ridge, AR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: All new mechanical and electrical infrastructure.; Highly visible location at the intersection of E Pickens Rd and Hwy 94 (17,000 vehicles per day).; Located across the street from Pea Ridge Veterans Memorial, Pea Ridge Intermediate School, and Pea Ridge Pre‑K.
    (417) 274-0421
    We can help!
    Listing Contact
    Garrett Washington
    Real Estate License ID: SA00097040
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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